Last $12.12 USD
Change Today +0.04 / 0.33%
Volume 130.3K
LNDC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

landec corp (LNDC) Snapshot

Open
$12.08
Previous Close
$12.08
Day High
$12.25
Day Low
$11.87
52 Week High
07/25/13 - $15.96
52 Week Low
02/5/14 - $9.84
Market Cap
324.6M
Average Volume 10 Days
121.4K
EPS TTM
$0.72
Shares Outstanding
26.8M
EX-Date
--
P/E TM
16.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for LANDEC CORP (LNDC)

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landec corp (LNDC) Details

Landec Corporation and its subsidiaries design, develop, manufacture, and sell polymer products for food and biomedical materials markets. Its proprietary polymer technology platforms include Intelimer polymers that are crystalline hydrophobic polymers; and hyaluronan (HA) biopolymers, which are non-crystalline hydrophilic polymers that exist naturally within the human body. The company operates through three segments: Food Products Technology, Food Export, and HA-based Biomaterials. The Food Products Technology segment markets and packs specialty packaged whole and fresh-cut vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry. This segment also sells BreatheWay packaging to partners for non-vegetable products. The Food Export segment purchases and sells whole commodity fruit and vegetable products primarily to Asian markets. The HA-based Biomaterials segment sells products utilizing HA, a naturally occurring polysaccharide that is distributed in the extracellar matrix of connective tissues in animals and humans for medical use primarily in the ophthalmic, orthopedic, and veterinary markets. This segment also supplies HA to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. Landec Corporation also licenses Intelimer polymers technology for personal care products and other industrial products. The company sells its products in the United States, Taiwan, Indonesia, Canada, Belgium, Japan, and other countries. Landec Corporation was founded in 1986 and is headquartered in Menlo Park, California.

526 Employees
Last Reported Date: 08/7/13
Founded in 1986

landec corp (LNDC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Chief Operating Officer
Total Annual Compensation: $285.0K
Vice President, Chief Executive Officer of Ap...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

landec corp (LNDC) Key Developments

Landec Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 23, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

Landec Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended February 23, 2014. For the quarter, the company reported total revenues of $126,379,000 compared to $117,867,000 a year ago. Operating income was $9,732,000 compared to $6,659,000 a year ago. Net income before taxes was $10,101,000 compared to $7,546,000 a year ago. Net income available to common stockholders was $6,400,000 or $0.24 diluted per share compared to $4,789,000 or $0.18 diluted per share a year ago. The improvement in revenue was primarily due to an $8.7 million, or 10%, increase in revenues in Apio's value-added businesses (which includes Apio's fresh-cut specialty packaged vegetable business, Apio Cooling and Apio Packaging) and a $2.8 million, or 16%, increase in revenues at Lifecore as a result of increased sales to existing customers, as well as from development revenue associated with new aseptic filling opportunities. For the nine months period, the company reported total revenues of $355,884,000 compared to $334,595,000 a year ago. Operating income was $14,884,000 compared to $20,755,000 a year ago. Net income before taxes was $22,754,000 compared to $26,465,000 a year ago. Net income available to common stockholders was $14,603,000 or $0.54 diluted per share compared to $18,068,000 or $0.68 diluted per share a year ago. Cash and marketable securities totaled $13.0 million at quarter end after generating $13.8 million in cash flows from operations and after spending $10.2 million for capacity expansion and reducing debt by $8.5 million during the first nine months of fiscal 2014. For the fourth quarter of fiscal 2014, the company expects revenues to be between $110.0 million and $114.0 million and earnings per share to be $0.16 to $0.18, in line for achieving the company's guidance for the fiscal year, which is for revenues to meet or exceed 6% growth and for net income to be flat to up 5% after excluding the $3.9 million earn out adjustment in fiscal 2013.

Landec Corp., Q3 2014 Earnings Call, Mar 26, 2014

Landec Corp., Q3 2014 Earnings Call, Mar 26, 2014

Landec Corp. to Report Q3, 2014 Results on Mar 25, 2014

Landec Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Mar 25, 2014

 

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Valuation LNDC Industry Range
Price/Earnings 17.2x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 17.0x
TEV/Sales 0.6x
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