Last $12.52 USD
Change Today -0.12 / -0.95%
Volume 253.1K
LNDC On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

landec corp (LNDC) Snapshot

Open
$12.65
Previous Close
$12.64
Day High
$12.71
Day Low
$12.40
52 Week High
09/24/13 - $13.66
52 Week Low
02/5/14 - $9.84
Market Cap
336.1M
Average Volume 10 Days
108.1K
EPS TTM
$0.72
Shares Outstanding
26.8M
EX-Date
--
P/E TM
17.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for LANDEC CORP (LNDC)

Related News

No related news articles were found.

landec corp (LNDC) Related Businessweek News

No Related Businessweek News Found

landec corp (LNDC) Details

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and markets differentiated products in food and biomedical materials markets. It 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 fruits, and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry under the EatSmart and GreenLine brand names, as well as 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 and in the United States. The Hyaluronan-based Biomaterials segment sells products utilizing hyaluronan, 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, as well as supplies HA to customers pursuing other medical applications, including aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. This segment also operates as a contract development and manufacturing organization, which specializes in aseptic filling services. The company also licenses Intellicoat seed coatings to the farming industry; and Intelimer polymers for personal care products and other industrial products. Landec Corporation sells its products in the United States, Canada, Taiwan, Belgium, Japan, Indonesia, China, and other countries. The company was founded in 1986 and is headquartered in Menlo Park, California.

531 Employees
Last Reported Date: 08/1/14
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: $330.0K
Vice President and President of Lifecore Biom...
Total Annual Compensation: $259.2K
Compensation as of Fiscal Year 2014.

landec corp (LNDC) Key Developments

Gary T. Steele to Retire as Chairman and CEO of Landec Corporation

Landec Corporation announced that its Chairman and CEO, Gary T. Steele, plans to retire on May 31, 2015 at the end of Landec's fiscal year. Mr. Steele has agreed to remain on the Board of Directors as a director, but not as Chairman after his retirement. Mr. Steele has served as Landec's President and CEO since September 1991 and was named Chairman of the Board in January 1996.

Landec Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 25, 2014; Provides Earnings Guidance for the Fiscal Year 2015 and 2016

Landec Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended May 25, 2014. For the quarter, the company's total revenues were $120,929,000 compared to $107,113,000 a year ago. The improvement was primarily due to an $11.3 million, or 13%, 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 $3.0 million, or 26%, increase in revenues in Apio's export business. Lifecore revenues were essentially flat at $8.2 million compared to the fourth quarter of last year. Operating income was $5,306,000 compared to $4,113,000 a year ago. Net income before taxes was $7,170,000 compared to $5,799,000 a year ago. Net income was $4,615,000 compared to $4,585,000 a year ago. Net income available to common stockholders was $4,542,000 compared to $4,519,000 a year ago. Diluted net income per share was $0.17 compared to $0.17 a year ago. For the year, the company's total revenues were $476,813,000 compared to $441,708,000 a year ago. The improvement was primarily due to a $40.3 million, or 13%, increase in revenues from Apio's value-added businesses and a $4.4 million, or 11%, increase in revenues at Lifecore resulting from increased sales to existing customers and from increased product development revenue. Operating income was $20,190,000 compared to $24,868,000 a year ago. Net income before taxes was $29,925,000 compared to $32,264,000 a year ago. Net income was $19,342,000 compared to $22,812,000 a year ago. Net income available to common stockholders was $19,145,000 compared to $22,587,000 a year ago. Diluted net income per share was $0.71 compared to $0.85 a year ago In addition, during fiscal 2014 the Company generated $21.0 million in cash flow from operations and invested $14.9 million in capital primarily for capacity expansion to meet the ever increasing demand for its products, particularly those products introduced by Apio and Lifecore in the last two years. Looking to fiscal 2015, the company expects consolidated revenues to increase 7% to 8% compared to fiscal 2014 and surpass $0.5 billion in revenues for the first time in Landec's history. The company expects net income to be flat as make significant investments in marketing and sales, labor, produce sourcing and capital for future growth. The company believe consolidated revenues could grow by as much as 10% in fiscal 2016 compared to fiscal 2015 with early estimates of net income increasing by up to 40% to approximately $1.00 per share.

Landec Corp. to Report Q4, 2014 Results on Jul 29, 2014

Landec Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LNDC:US $12.52 USD -0.12

LNDC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for LNDC.
View Industry Companies
 

Industry Analysis

LNDC

Industry Average

Valuation LNDC Industry Range
Price/Earnings 17.7x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 17.6x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LANDEC CORP, please visit www.landec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.