Lancaster Colony Corp. (OQ:LANC)

Business Focus: Food Ingredients

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEC
Company Contact
Address: 380 Polaris Pkwy
Tel: N/A
IR: See website
Key People
John B. Gerlach
Executive Chairman of the Board
David A. Ciesinski
President, Chief Executive Officer, Director
Thomas K. Pigott
Chief Financial Officer, Vice President, Assistant Secretary
Timothy Tate
Senior Vice President
Joseph Tuza
Senior Vice President of Retail Sales of T. Marzetti Company
David Nagle
Senior Vice President of Supply Chain 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's food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar. Its brands include Marzetti, Marzetti Simply Dressed, Cardini's, Girard's, New York BRAND Bakery, Sister Schubert's and Flatout. It manufactures and sells other products pursuant to brand license agreements, which includes Olive Garden dressing. A portion of its sales are frozen specialty pasta and flatbreads sold to industrial customers for use as ingredients or components in their products.
Financial Overview
For the fiscal year ended 30 June 2019, Lancaster Colony Corp. revenues increased 7% to $1.31B. Net income applicable to common stockholders excluding extraordinary items increased 20% to $150.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Food Service segment income increase of 26% to $73.8M, Retail segment income increase of 7% to $135.1M.
Employees: 3,200 as of Jun 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $3,818M as of Jun 30, 2019
Annual revenue (TTM): $1,308M as of Jun 30, 2019
EBITDA (TTM): $224.42M as of Jun 30, 2019
Net annual income (TTM): $150.29M as of Jun 30, 2019
Free cash flow (TTM): $56.61M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,492,000 as of Aug 1, 2019
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization