Lancaster Colony Corp. (OQ:LANC)

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
See Regulatory Filings on SEC
Company Contact
Address: 380 Polaris Parkway
WESTERVILLE OH 43082
Tel: N/A
Website: https://www.lancastercolony.com
IR: See website
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Key People
Alan F. Harris
Chairman of the Board
David A. Ciesinski
President, Chief Executive Officer, Director
Thomas K. Pigott
Chief Financial Officer, Vice President, Assistant Secretary
Kristin J. Bird
President, Foodservice Division of T. Marzetti Company
Carl R. Stealey
President, Retail Division of T. Marzetti Company
Luis Viso
Chief Supply Chain Officer of T. Marzetti Company
Business Overview
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, Cardini's, Girard's 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.
Financial Overview
For the six months ended 31 December 2023, Lancaster Colony Corp. revenues increased 5% to $947.5M. Net income applicable to common stockholders increased 23% to $95.1M. Revenues reflect Retail segment increase of 96% to $506.2M, Food Service segment increase from $218.6M to $441.3M. Net income benefited from Retail segment income increase from $49.4M to $112.6M, Food Service segment income increase from $26.7M to $53.8M.
Employees: 3,400 as of Jun 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,564M as of Dec 31, 2023
Annual revenue (TTM): $1,867M as of Dec 31, 2023
EBITDA (TTM): $268.30M as of Dec 31, 2023
Net annual income (TTM): $128.81M as of Dec 31, 2023
Free cash flow (TTM): $61.06M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,521,158 as of Dec 31, 2023
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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