Lancaster Colony Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Declares Quarterly Cash Dividend; Provides Capital Expenditure Guidance for the Fiscal 2012
January 26, 2012 at 05:46 pm IST
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Lancaster Colony Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported net sales were $311,786,000 against $316,238,000 a year ago. Operating income was $43,710,000 against $52,108,000 a year ago. Income before income taxes was $46,449,000 against $53,148,000 a year ago. Net income was $30,373,000 against $34,863,000 a year ago. Net income basic and diluted was $1.11 against $1.25 per share a year ago. The company invested $4.8 million in capital projects for the second quarter of fiscal 2012.
For the six months, the company reported net sales were $586,302,000 against $581,289,000 a year ago. Operating income was $76,222,000 against $86,934,000 a year ago. Income before income taxes was $78,957,000 against $87,990,000 a year ago. Net income was $51,631,000 against $57,630,000 a year ago. Net income basic and diluted was $1.89 against $2.06 per share a year ago. Capital expenditures was $9,080,000. With respect to capital expenditures for the most recent 6 months, these totaled $9.080 million.
The quarterly cash dividend was increased during the quarter by 9% to $0.36 per share.
For the fiscal 2012, the company anticipates capital projects investment of about $20 million.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company operates through two segments: Retail Segment and Foodservice Segment. Its Retail Segment manufactures and sells frozen breads, refrigerated dressings and dips, and shelf-stable dressings and croutons under the brand names New York BRAND Bakery, Marzetti, Marzetti Simply, Cardiniâs, Girardâs and others. It also manufactures and sells other products pursuant to brand license agreements, including Chick-fil-A sauces and dressings, Olive Garden dressings and Buffalo Wild Wings sauces. Its Foodservice segment manufactures and sells salad dressings, sandwich and dipping sauces, frozen breads and yeast rolls. Its products are sold through sales personnel, food brokers and distributors in the United States. Its products are also sold under private label to restaurants. It also manufactures and sells various branded foodservice products to distributors.
Lancaster Colony Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Declares Quarterly Cash Dividend; Provides Capital Expenditure Guidance for the Fiscal 2012
LANCASTER COLONY CORPORATION 
