Ceramic Industry News

Lancaster Colony Reports Increased Fiscal Results

Lancaster Colony Corp. has reported results for the fiscal year and fourth quarter ended June 30, 2010. Net sales increased 0.5% to $1,057 million, compared to $1,051 million in 2009. Net income totaled a record $115.0 million or $4.07 per diluted share; prior year net income totaled $89.1 million, or $3.17 per diluted share.

Results for the fourth quarter included net sales of $248 million, compared to $253 million in the previous year's quarter, a decrease of 2%. Glassware and Candles sales increased 15% to $30.7 million, primarily due to higher candle sales to the mass market. The segment’s quarterly operating loss improved to less than $0.1 million, compared to $0.9 million a year ago. The benefits from higher sales and greater production volumes were mitigated by higher input costs, especially for paraffin wax. Fourth quarter 2010 net income totaled $22.8 million, or $0.81 per diluted share, vs. the year ago net income of $28.4 million, or $1.01 per diluted share.

“For the year, we achieved record operating income and net income, with meaningful bottom-line improvement in both operating segments," said John B. Gerlach, Jr., chairman and CEO. “We begin the new year with well-positioned food brands, balance sheet flexibility and future growth potential from new product development and greater geographic penetration….We believe that sales growth is achievable in fiscal 2011, but our earnings optimism is tempered by economic hurdles faced by consumers, planned expansion of marketing activities, rising paraffin wax costs and potentially higher food commodity and packaging costs. Our unwavering focus on efficiently providing consumer-pleasing products and strong customer service should help yield continued strong shareholder returns.”

For more information, call (614) 224-7141.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

June 2015 ceramic industry

2015 June

This issue features our first annual Supplier of the Year Awards. Be sure to check it out!
Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!