Company profile

Ticker
LANC
Exchange
CEO
David Alan Ciesinski
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
131955943

LANC stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

4 Feb 20
25 Feb 20
30 Jun 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 355.12M 337.05M 323.67M 317.88M
Net income 43.42M 40.75M 33.01M 30.6M
Diluted EPS 1.58 1.48 1.2 1.11
Net profit margin 12.23% 12.09% 10.20% 9.63%
Operating income 54.08M 51.7M 43.32M 37.33M
Net change in cash 28.77M -22.83M 8.9M -7.14M
Cash on hand 202.23M 173.46M 196.29M 187.39M
Cost of revenue 255.23M 244.95M 245.46M 242.49M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 1.31B 1.22B 1.2B
Net income 150.55M 135.31M 115.31M 121.76M
Diluted EPS 5.46 4.92 4.2 4.44
Net profit margin 11.51% 11.06% 9.59%
Operating income 190.92M 171.55M 174.35M 184.57M
Net change in cash -9.46M 62.65M 25.02M -64.12M
Cash on hand 196.29M 205.75M 143.1M 118.08M
Cost of revenue 981.59M 919.42M 883.06M 891.48M

Financial data from company earnings reports

56.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 219 238 -8.0%
Opened positions 26 33 -21.2%
Closed positions 45 28 +60.7%
Increased positions 75 85 -11.8%
Reduced positions 83 67 +23.9%
13F shares
Current Prev Q Change
Total value 9.45B 7.2B +31.2%
Total shares 15.5M 15.52M -0.1%
Total puts 1.4K 117.7K -98.8%
Total calls 4.2K 3.6K +16.7%
Total put/call ratio 0.3 32.7 -99.0%
Largest owners
Shares Value Change
BLK BlackRock 2.31M $369.71M +1.5%
Vanguard 2.15M $344.54M +1.1%
STT State Street 1.79M $286.58M +11.1%
NEU Neuberger Berman 779.76K $124.84M -3.6%
Champlain Investment Partners 766.79K $122.76M +50.4%
IVZ Invesco 639.24K $102.34M -2.3%
Renaissance Technologies 581.36K $93.08M -8.9%
Dimensional Fund Advisors 489.61K $78.39M -0.5%
SAMG Silvercrest Asset Management 428.62K $68.62M +13.2%
NTRS Northern Trust 334.67K $53.58M -1.9%
Largest transactions
Shares Bought/sold Change
Champlain Investment Partners 766.79K +256.95K +50.4%
STT State Street 1.79M +178.92K +11.1%
EMG Man 108.22K -122.52K -53.1%
Virginia Retirement Systems Et Al 0 -78.7K EXIT
WFC Wells Fargo & Company 159.92K +58.39K +57.5%
Renaissance Technologies 581.36K -57K -8.9%
SAMG Silvercrest Asset Management 428.62K +50.03K +13.2%
Aqr Capital Management 138.39K -47.7K -25.6%
Schroder Investment Management 84.81K -45.95K -35.1%
Millennium Management 0 -36.6K EXIT

Financial report summary

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Risks
  • We may be subject to business disruptions, product recalls or other claims for real or perceived safety issues regarding our food products.
  • We may be subject to a loss of sales or increased costs due to adverse publicity or consumer concern regarding the safety, quality or healthfulness of food products, whether with our products, competing products or other related food products.
  • A disruption of production at certain manufacturing facilities could result in an inability to meet our customers’ demands for certain products, which could also negatively impact our ability to maintain adequate levels of product placement with our customers on a long-term basis.
  • Competitive conditions within our Retail and Foodservice markets could impact our sales volumes and operating profits.
  • Walmart is our largest Retail customer. The loss of, or a significant reduction in, Walmart’s business, or an adverse change in the financial condition of Walmart, could result in a material adverse effect on our business, results of operations, financial condition and cash flows.
  • McLane is our largest Foodservice customer. An adverse change in the financial condition of McLane could have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • A single indirect national chain restaurant account represents a significant portion of our Foodservice segment sales. The loss of, or a significant reduction in, this national chain restaurant’s business, or an adverse change in the financial condition of this national chain restaurant, could result in a material adverse effect on our business, results of operations, financial condition and cash flows.
  • We rely on the performance of major retailers, mass merchants, wholesalers, food brokers, distributors and foodservice customers for the success of our business and, should they perform poorly or give higher priority to other brands or products, our business could be adversely affected.
  • We rely on the value of the brands we sell, and the failure to maintain and enhance these brands could adversely affect our business.
  • Increases in the costs or limitations to the availability of raw materials we use to produce and package our products could adversely affect our business by increasing our costs to produce goods.
  • The availability and cost of transportation for our products is vital to our success, and the loss of availability or increase in the cost of transportation could have an unfavorable impact on our business, results of operations, financial condition and cash flows.
  • We are subject to federal, state and local government regulations that could adversely affect our business and results of operations.
  • We may require significant capital expenditures to maintain, improve or replace aging infrastructure and facilities, which could adversely affect our cash flows.
  • Manufacturing capacity constraints may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • We may experience difficulties in designing and implementing our new enterprise resource planning system.
  • Technology failures could disrupt our operations and negatively impact our business.
  • Cyber attacks, data breaches or other breaches of our information security systems could have an adverse effect on our business, results of operations, financial condition and cash flows.
  • We may not be able to successfully consummate proposed acquisitions or divestitures, and integrating acquired businesses may present financial, managerial and operational challenges.
  • Our inability to successfully renegotiate collective bargaining contracts and any prolonged work stoppages could have an adverse effect on our business, results of operations, financial condition and cash flows.
  • We may incur liabilities related to multiemployer pension plans which could adversely affect our financial results.
  • Increases in energy-related costs could negatively affect our business by increasing our costs to produce goods.
  • The loss of the services of one or more members of our senior management team could have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Mr. Gerlach, Executive Chairman of our Board of Directors, has a significant ownership interest in our Company.
  • Anti-takeover provisions could make it more difficult for a third party to acquire us.
Management Discussion
  • In 2019, net sales for the Retail segment reached $656.6 million, a 1% increase from the prior-year total of $650.2 million. Excluding the incremental sales from Bantam, Retail net sales improved 0.5% as influenced by volume gains for shelf-stable dressings and sauces sold under license agreements, improved net price realization and lower coupon expense. Notable offsets to Retail sales growth included volume declines in flatbread wraps and our decision to selectively exit some low-margin private-label business.
  • In 2019, Retail segment operating income was favorably impacted by the $17.1 million reduction in the fair value of Angelic’s contingent consideration liability. Excluding this fair value reduction, Retail segment operating income declined to $118.0 million as influenced by incremental costs, including facility upgrades, associated with the Omni operations, investments to strengthen the Retail leadership team and incremental spending to expand distribution for Bantam.
  • In 2019, Foodservice net sales increased 14% to $651.2 million from the 2018 total of $572.7 million. Excluding incremental contributions of $7.3 million from Bantam and $19.4 million from Omni, Foodservice sales growth of 9% was widespread throughout the segment with national chain restaurant accounts, branded products and frozen pasta products all contributing to growth. The higher level of branded product sales was attributed in part to new product introductions and expanded distribution with colleges and universities. Note that all of the Omni sales are due to an interim agreement whereby, for a period of up to two years post-closing, we will be a supplier of bread products to an affiliated party of the seller.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: essentially, flat, increasingly, input, mix, sauce, spent
Removed: added, delivered, delivery, historic, holiday, lean, operational, sigma, trend