Lancaster Colony Corporation reported net sales for the 2Q of fiscal 2008 ended 31 December 2007 up 5% to USD 306 million, as compared with USD 292 million in the 2Q of the prior year, the manufacture…
Lancaster Colony Corporation reported net sales for the 2Q of fiscal 2008 ended 31 December 2007 up 5% to USD 306 million, as compared with USD 292 million in the 2Q of the prior year, the manufacturer and marketer of speciality foods, glassware, candles and automotive accessories said on 31 January 2008. For the first six months of the fiscal year, net income was USD 591 million, as compared to USD 554 million in the first six months of the prior fiscal year. Net income for the quarter totalled USD 15.998 million or USD 0.54 per diluted share, as compared to USD 17.829 million or USD 0.56 per diluted share in the corresponding quarter of the prior year. For the first six months of the fiscal year net income was USD 31.568 million or USD 1.05 per diluted share. This was in comparison with a net income of USD 31.610m or USD 0.99 per diluted share in the corresponding period of the prior fiscal year. Lancaster Colony Commercial Products provides glassware to the foodservice sector. In November 2007 Lancaster Colony Corp. sold glassware maker Indiana Glass Company and glassware marketer and distributor E.O. Brody Company to Monomoy Capital Partners, L.P. which merged the two firms into The Anchor Hocking Company. On 31 January 2008 Anchor Hocking announced the closure of a former Lancaster Colony tableware plant that it acquired through the transaction at Sapulpa, Oklahoma.
