Last $14.20 USD
Change Today +0.24 / 1.72%
Volume 38.7K
LNDC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:20 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

landec corp (LNDC) Snapshot

Open
$14.04
Previous Close
$13.96
Day High
$14.34
Day Low
$13.99
52 Week High
12/18/14 - $14.73
52 Week Low
02/5/14 - $9.84
Market Cap
381.5M
Average Volume 10 Days
185.9K
EPS TTM
$0.63
Shares Outstanding
26.9M
EX-Date
--
P/E TM
22.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for LANDEC CORP (LNDC)

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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 Hyaluronan-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 (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, 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

Landec Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2014; Reiterates Earnings Guidance for the Fiscal Year 2015

Landec Corp. reported unaudited consolidated earnings results for the first quarter ended August 31, 2014. For the quarter, the company's product sales were $133,614,000 compared to $109,479,000 a year ago. Operating income was $3,534,000 compared to $1,976,000 a year ago. Net income before taxes was $3,725,000 compared to $7,286,000 a year ago. Net income was $2,424,000 compared to $4,811,000 a year ago, Net income and other comprehensive income applicable to common stockholders was $2,353,000 compared to $4,752,000 a year ago. Diluted net income per share was $0.09 compared to $0.18 a year ago. The $24.1 million increase in Revenue was primarily due to a $20.7 million, or 26%, increase in revenues in Apio's value-added vegetable businesses (which includes Apio's fresh-cut specialty packaged vegetable business, Apio Cooling and Apio Packaging), and a $5.2 million, or 24%, increase in revenues in Apio's export business as a result of a 9% increase in sales volumes and higher market pricing. These increases were partially offset by a 21%, or $1.8 million, decrease in Lifecore's revenues compared to the first quarter of last year due to expected lower sales of fermentation products primarily resulting from the previously disclosed one-time inventory reduction by one of Lifecore's customers during fiscal 2015. Operating income increased due to a 13% increase in gross profit, essentially flat operating costs and one extra week. The decrease in net income was primarily due to the significantly smaller increase in the fair market value of the Company's investment in Windset Farms of $200,000 recognized in the first quarter of fiscal 2015 compared to a $5.4 million change in the fair market value recognized in the first quarter of last year when Windset's 64-acre expansion was added to its projections. The company reiterated earnings guidance for the fiscal year 2015. The company is reiterating guidance for consolidated revenues to increase 7-8%, compared to fiscal 2014 and the company expects to surpass $0.5 billion in revenues. The company currently expects net income to be approximately 15% lower than fiscal 2014 due to lower than expected results from Lifecore and a lower projected increase in the fair market value change of Windset investment.

Landec Corp. to Report Q1, 2015 Results on Oct 07, 2014

Landec Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Oct 07, 2014

Landec Corp., Q1 2015 Earnings Call, Oct 08, 2014

Landec Corp., Q1 2015 Earnings Call, Oct 08, 2014

 

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LNDC

Industry Average

Valuation LNDC Industry Range
Price/Earnings 22.6x
Price/Sales 0.7x
Price/Book 1.8x
Price/Cash Flow 22.4x
TEV/Sales 0.6x
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