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 |
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 |