Lancaster Colony Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
January 25, 2018 at 12:25 pm
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Lancaster Colony Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported net sales of USD 319,665,000 compared to USD 326,773,000 a year ago. Operating income was USD 47,265,000 compared to USD 59,358,000 a year ago. Income before income taxes was USD 47,677,000 compared to USD 59,564,000 a year ago. Net income was USD 45,920,000 compared to USD 38,956,000 a year ago. Basic and diluted net income per share was USD 1.67 compared to USD 1.42 a year ago.
For the six months, the company reported net sales of USD 618,581,000 compared to USD 618,134,000 a year ago. Operating income was USD 91,591,000 compared to USD 110,112,000 a year ago. Income before income taxes was USD 92,361,000 compared to USD 110,405,000 a year ago. Net income was USD 75,306,000 compared to USD 72,356,000 a year ago. Basic and diluted net income per share was USD 2.74 compared to diluted net income per share of USD 2.63 a year ago.
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 
