Ceramic Industry News

Lancaster Colony Reports Higher Second Quarter Sales

Lancaster Colony Corp. recently reported higher sales for the company’s second fiscal quarter ended December 31, 2010. Net sales for the quarter increased 4% to $316 million vs. $304 million in the second quarter of 2009. Net income totaled $34,863,000, compared with a record $39,527,000 for the same quarter in 2009.

Glassware and Candles sales increased 1% to $61.6 million, resulting from expanded product placements. Segment operating income totaled $4.4 million vs. the prior year second quarter’s $6.1 million, primarily reflecting higher wax costs.

For the six months ended December 31, 2010, net sales were $581 million, compared to $558 million for the first half last year. Net income was $57,630,000, or $2.06 per diluted share. In the prior year, first half net income totaled $67,932,000, or $2.41 per diluted share.

“We were especially pleased with the continued growth of our branded food products, but as expected, marked increases in input costs impacted our operating income,” said John B. Gerlach, Jr. chairman and CEO.

For additional details, visit www.lancastercolony.com.

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