Warren helps Lancaster Colony do a record

Oct. 28, 2004
Lancaster Colony Corp reported record net sales of $281 million for the first fiscal quarter ended Sept 30, 2004.

Lancaster Colony Corp reported record net sales of $281 million for the first fiscal quarter ended Sept 30, 2004, a 6% increase over first quarter sales of $267 million a year ago. Net income was $18,378,000 versus $19,700,000 in the corresponding quarter a year earlier.

Specialty Foods sales totaled $161 million, up 4% from the year-ago level. Segment operating income totaled $27.4 million, up 4% over the year-earlier level.

John B Gerlach Jr, chairman and chief executive officer, said, “Both retail and foodservice sales showed modest growth and Warren Frozen Foods, acquired last December, contributed over $4 million to the higher first-quarter sales.

“We were encouraged to achieve net sales growth in each segment,” said Gerlach. “Operating earnings, however, were again adversely affected by higher raw material costs and a business environment that allows little pricing flexibility.”

About the Author

from staff and wire reports

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!