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Lancaster Colony Continues Higher Cash Dividend


Lancaster Colony Continues Higher Cash Dividend
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WESTERVILLE, Ohio, May 20, 2021 /PRNewswire/  Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 75 cents per common share, payable June 30, 2021 to shareholders of record on June 9, 2021.
The quarterly cash dividend amount of 75 cents per share maintains the higher level set six months ago, which marked the company s 58
th consecutive year of increased regular cash dividends.  Lancaster Colony is one of only 13 U.S. companies with 58 straight years of regular cash dividend increases.
CEO David A. Ciesinski said, The dividend reflects the company s continued strong financial position and will be the 232 ....

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Lancaster Colony Reports Third Quarter Sales And Earnings


Lancaster Colony Reports Third Quarter Sales And Earnings
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WESTERVILLE, Ohio, May 4, 2021 /PRNewswire/ Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company s fiscal third quarter ended March 31, 2021.
Summary
Consolidated net sales increased 11.2% to a third quarter record $357.2 million versus $321.4 million last year.  Retail net sales grew 17.1% to $198.4 million while Foodservice net sales advanced 4.6% to $158.9 million.
Excluding all Omni Baking sales attributed to a temporary supply agreement that was terminated effective October 31, 2020, consolidated net sales increased 13.0%.
Consolidated gross profit increased 17.7% to $90.6 million.
Consolidated operating income grew 24.7% to $37.4 million.
Net income was $1.05 per diluted share versus $0.81 per diluted share last year. ....

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Lancaster Colony Corp (LANC) Q3 2021 Earnings Call Transcript


Operator
Good morning. My name is Casey, and I will be your conference call facilitator today. At this time, I would like to welcome everyone to the Lancaster Colony Corporation Fiscal Year 2021 Third Quarter Conference Call. Conducting today s call will be Dave Ciesinski, President and CEO; and Tom Pigott, CFO. [Operator Instructions]
And now to begin the conference call, here is Dale Ganobsik, Vice President of Investor Relations and the Treasurer for Lancaster Colony Corporation. Please go ahead, sir.
Dale N. Ganobsik
Vice President-Investor Relations and Treasurer
Thank you, Casey. Good morning, everyone, and thank you for joining us today for Lancaster Colony s Fiscal Year 2021 Third Quarter Conference Call. Our discussion this morning may include forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties that coul ....

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Lancaster Colony : Fiscal Year 2021 Third Quarter Conference Call


Analyst, Consumer Edge Research LLC
William Newby
..................................................................................
MANAGEMENT DISCUSSION SECTION
Operator: Good morning. My name is Casey, and I will be your conference call facilitator today. At this time, I would like to welcome everyone to the Lancaster Colony Corporation Fiscal Year 2021 Third Quarter Conference Call. Conducting today s call will be Dave Ciesinski, President and CEO; and Tom Pigott, CFO.
All lines have been placed on mute to prevent any background noise. After the speakers remarks, after the speakers have completed their prepared remarks, there ll be a question-and-answer period. [Operator Instructions] Thank you. And now, we begin the conference call. Here s Dale Ganobsik, Vice President of Investor Relations and the Treasurer for Lancaster Colony Corporation. Please go ahead, sir. ....

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