Lancaster Colony Reports Second Quarter Sales And Earnings

Forward-Looking Statements

We desire to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). This news release contains various "forward-looking statements" within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words "anticipate," "estimate," "project," "believe," "intend," "plan," "expect," "hope" or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control, which could cause our actual results to differ materially from those expressed in the forward-looking statements. Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:

• the potential for another large outbreak of avian influenza in the U.S. and the resulting fluctuations in the cost and availability of egg-based ingredients;
• our ability to successfully implement an initiative to selectively rationalize business within our foodservice channel;
• fluctuations in the cost and availability of other raw materials and packaging;
• the reaction of customers or consumers to the effect of price increases we may implement;
• the potential for loss of larger programs or key customer relationships;
• the effect of consolidation of customers within key market channels;
• price and product competition;
• the success and cost of new product development efforts;
• the lack of market acceptance of new products;
• the possible occurrence of product recalls or other defective or mislabeled product costs;
• changes in demand for our products, which may result from loss of brand reputation or customer goodwill;
• maintenance of competitive position with respect to other manufacturers;
• adverse changes in freight, energy or other costs of producing, distributing or transporting our products;
• capacity constraints that may affect our ability to meet demand or may increase our costs;
• dependence on contract manufacturers;
• efficiencies in plant operations;
• stability of labor relations;
• the outcome of any litigation or arbitration;
• the impact of fluctuations in our pension plan asset values on funding levels, contributions required and benefit costs;
• the ability to successfully grow the Flatout business;
• the extent to which future business acquisitions are completed and acceptably integrated;
• dependence on key personnel;
• changes in financial markets;
• access to any required financing;
• changes in estimates in critical accounting judgments; and
• risks related to other factors described under "Risk Factors" in other reports and statements filed by us with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q (available at www.sec.gov).         

Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on statements that are based on current expectations.

LANCASTER COLONY CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(In thousands except per-share amounts)
	Three Months Ended  December 31,								Six Months Ended  December 31,
	2015				2014				2015				2014
Net sales	$	324,769			$	303,411			$	618,854			$	563,398
Cost of sales	241,175				224,758				467,293				427,321
Gross margin	83,594				78,653				151,561				136,077
Selling, general & administrative expenses	31,479				28,437				57,558				51,257
Operating income	52,115				50,216				94,003				84,820
Interest income and other – net	(205)				(47)				(83)				(39)
Income before income taxes	51,910				50,169				93,920				84,781
Taxes based on income	17,399				17,215				31,781				29,066
Net income	$	34,511			$	32,954			$	62,139			$	55,715
Net income per common share: (a)
Basic	$	1.26			$	1.21			$	2.27			$	2.04
Diluted	$	1.25			$	1.20			$	2.26			$	2.04
Cash dividends per common share	$	5.50			$	0.46			$ Werbung Mehr Nachrichten zur Lancaster Colony Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 11:45 - PR Newswire Invesco Bond Income Plus Ltd - Issue of Equity 11:31 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 10:59 - PR Newswire BlackRock Income and Growth Investment Trust Plc - Transaction in Own Shares Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59