Lancaster Colony Corp. Files Q2 FY25 10-Q
Ticker: MZTI · Form: 10-Q · Filed: Feb 4, 2025 · CIK: 57515
| Field | Detail |
|---|---|
| Company | Lancaster Colony CORP (MZTI) |
| Form Type | 10-Q |
| Filed Date | Feb 4, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Lancaster Colony Corp. 10-Q filed for Q2 FY25. Financials updated.
AI Summary
Lancaster Colony Corp. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of fiscal year 2025. Key financial data and operational details for the company, which operates in the canned, frozen & preserved fruit, vegetable & food specialties sector, are presented.
Why It Matters
This filing provides investors with an update on Lancaster Colony Corp.'s financial performance and position as of the end of the second quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- Q2 2025 — Fiscal Quarter (Reporting period)
- 2024-12-31 — Period End Date (Financial reporting)
Key Players & Entities
- LANCASTER COLONY CORP (company) — Filer
- 2024-12-31 (date) — Period of report
- 2025-02-04 (date) — Filing date
- 0000057515 (company) — Central Index Key
- OH (location) — State of incorporation
FAQ
What is the company's primary business sector?
Lancaster Colony Corp. operates in the 'CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES' sector, with SIC code 2030.
What is the filing date of this 10-Q?
This 10-Q was filed on February 4, 2025.
For which fiscal period is this 10-Q reporting?
This 10-Q is for the period ending December 31, 2024, which corresponds to the second quarter of fiscal year 2025.
Where is Lancaster Colony Corp. incorporated?
Lancaster Colony Corp. is incorporated in Ohio (OH).
What is the company's main business address?
The business address is 380 Polaris Parkway, Westerville, OH 43082.
Filing Stats: 4,616 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2025-02-04 07:46:27
Filing Documents
- lanc-20241231.htm (10-Q) — 871KB
- lanc-20241231xexhibit311.htm (EX-31.1) — 11KB
- lanc-20241231xexhibit312.htm (EX-31.2) — 12KB
- lanc-20241231xexhibit32.htm (EX-32) — 7KB
- 0000057515-25-000005.txt ( ) — 3917KB
- lanc-20241231.xsd (EX-101.SCH) — 23KB
- lanc-20241231_cal.xml (EX-101.CAL) — 51KB
- lanc-20241231_def.xml (EX-101.DEF) — 85KB
- lanc-20241231_lab.xml (EX-101.LAB) — 282KB
- lanc-20241231_pre.xml (EX-101.PRE) — 207KB
- lanc-20241231_htm.xml (XML) — 514KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 3
Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolidated Financial Statements (unaudited): Condensed Consolidated Balance Sheets – December 3 1 , 2024 and June 30, 2024 3 Condensed Consolidated Statements of Income – Three and Six Months Ended December 3 1 , 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income – Three and Six Months Ended December 3 1 , 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows – Six Months Ended December 3 1 , 2024 and 2023 6 Condensed Consolidated Statements of Shareholders' Equity – Six Months Ended December 31 , 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 21
Controls and Procedures
Item 4. Controls and Procedures 22
– OTHER INFORMATION
PART II – OTHER INFORMATION 23
Legal Proceedings
Item 1. Legal Proceedings 23
Risk Factors
Item 1A. Risk Factors 23
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23
Exhibits
Item 6. Exhibits 23
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements LANCASTER COLONY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Amounts in thousands, except share data) December 31, 2024 June 30, 2024 ASSETS Current Assets: Cash and equivalents $ 203,073 $ 163,443 Receivables 99,150 95,560 Inventories: Raw materials 45,059 38,212 Finished goods 122,111 135,040 Total inventories 167,170 173,252 Other current assets 11,579 11,738 Total current assets 480,972 443,993 Property, Plant and Equipment: Property, plant and equipment-gross 896,620 877,526 Less accumulated depreciation 418,077 399,830 Property, plant and equipment-net 478,543 477,696 Other Assets: Goodwill 208,371 208,371 Operating lease right-of-use assets 51,528 55,128 Other noncurrent assets 20,444 21,743 Total $ 1,239,858 $ 1,206,931 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 104,506 $ 118,811 Accrued liabilities 62,744 65,158 Total current liabilities 167,250 183,969 Noncurrent Operating Lease Liabilities 41,528 44,557 Other Noncurrent Liabilities 13,807 15,357 Deferred Income Taxes 37,407 37,276 Commitments and Contingencies Shareholders' Equity: Preferred stock-authorized 3,050,000 shares; outstanding- none Common stock-authorized 75,000,000 shares; outstanding-December- 27,571,897 shares; June- 27,527,090 shares 156,934 153,616 Retained earnings 1,607,211 1,564,642 Accumulated other comprehensive income (loss) 1,010 ( 8,640 ) Common stock in treasury, at cost ( 785,289 ) ( 783,846 ) Total shareholders' equity 979,866 925,772 Total $ 1,239,858 $ 1,206,931 See accompanying notes to condensed consolidated financial statements. 3 LANCASTER COLONY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Three Months Ended December 31, Six Months Ended December 31, (Amounts in thousands, except per share data) 2024 2023 2024 2023 Net Sales $ 509,301 $ 485,916 $ 975,859