Lancaster Colony (LANC) Reports Strong Q3 EPS; Revs Light
LANC Hot Sheet
EPS Growth %: -5.6%Financial Fact:
Net Income: 18.22M
Today's EPS Names:
TNP, MENT, More
Lancaster Colony Corporation (Nasdaq: LANC) reports Q3 EPS of $1.01 vs. consensus of $0.83. Revenues were $254 million vs. $274.85 million consensus.
Chairman and CEO John B. Gerlach, Jr. said, "We are pleased that both business segments achieved substantial improvement in first quarter operating results, with Specialty Foods operating margins benefiting from the decline in ingredient costs from the prior-year's historically high levels."
(The first-quarter's effective tax rate reflects income associated with the favorable resolution of certain previously-reserved state tax matters. These items totaled approximately $0.9 million before tax, or about $.03 per share, net of applicable income taxes)
[SM]
Chairman and CEO John B. Gerlach, Jr. said, "We are pleased that both business segments achieved substantial improvement in first quarter operating results, with Specialty Foods operating margins benefiting from the decline in ingredient costs from the prior-year's historically high levels."
(The first-quarter's effective tax rate reflects income associated with the favorable resolution of certain previously-reserved state tax matters. These items totaled approximately $0.9 million before tax, or about $.03 per share, net of applicable income taxes)
[SM]
You May Also Be Interested In
- UPDATE: Bristow Group (BRS) Reports Better-Than-Expected Q4 Results; Offers FY13 Outlook
- Monro Muffler (MNRO) Tops Q4 EPS by 1c; Comps About Flat; Guides FY13 EPS Below Views
- Patterson Companies, Inc. (PDCO) Tops Q4 EPS by 5c; Guides FY12
Create E-mail Alert Related Categories
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
