Ceramic Industry News

Lancaster Colony First Quarter Sales Grow 4%

November 7, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Lancaster Colony Corp. recently reported results for its first fiscal 2012 quarter, ended September 30. Net sales reached $275 million, up 4% from first quarter sales of $265 million last year. Net income of $21.3 million decreased from the prior-year’s $22.8 million. Following the recent trend, first quarter results were affected by higher material costs not fully offset by generally higher pricing. Glassware and Candles sales declined 16% from the year-ago quarter to $37.6 million, reflecting lower unit volume.

“Despite increased first quarter consolidated sales driven by our Specialty Foods segment, operating income was again challenged by substantially higher material costs,” said John B. Gerlach, Jr., chairman and CEO. “Although economic challenges facing consumers add to the level of uncertainty, we anticipate second quarter top-line trends similar to that of the first quarter, including solid growth in our Specialty Foods segment. Sales of candles will again reflect lower sales volumes, including the loss of certain lower margin seasonal volumes. We anticipate that operating income will be impacted by the effects of these lower candle volumes, as well as higher material costs still not being fully offset by pricing actions and other initiatives. Provided current market conditions persist, we expect to see less impact from higher input costs during the second half of the fiscal year. Regardless, we remain well-positioned to support future growth given the ongoing strength of our market positions and balance sheet.”

For more information, visit www.lancastercolony.com.

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

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

Multimedia

Videos

Image Galleries

May 2014 Issue Highlights

Our May 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

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.

Directories

CI Data Book July 2012

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

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px