$MZTI

LANCASTER COLONY CORP

CIK:0000057515|SEC Filings

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Net Sales	$ 1,929,823	$ 1,909,122	$ 1,871,759
Cost of Sales	1,452,535	1,453,476	1,439,457
Gross Profit	477,288	455,646	432,302
Selling, General and Administrative Expenses	254,601	230,227	218,065
Restructuring, Impairment and Other, Net	(16,024)	5,102	14,874
Operating Income	238,711	220,317	199,363
Interest Expense	(1,763)	0	0
Pension Settlement Charge	0	(13,968)	0
Other, Net	5,022	7,114	6,152
Income Before Income Taxes	241,970	213,463	205,515
Taxes Based on Income	50,364	46,116	46,902
Net Income	$ 191,606	$ 167,347	$ 158,613
Net Income Per Common Share:
Basic (in dollars per share)	$ 6.98	$ 6.08	$ 5.77
Diluted (in dollars per share)	$ 6.98	$ 6.07	$ 5.76
Weighted Average Common Shares Outstanding:
Basic (in shares)	27,385	27,469	27,440
Diluted (in shares)	27,406	27,489	27,461

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash Flows From Operating Activities:
Net income	$ 191,606	$ 167,347	$ 158,613
Impacts of noncash items:
Depreciation and amortization	71,446	62,168	55,896
Deferred income taxes and other changes	31,353	495	(6,546)
Stock-based compensation expense	10,170	8,979	11,359
Restructuring and impairment charges	592	5,102	13,657
Gain on sale of property	(18,472)	0	(22)
Pension plan activity	0	14,253	416
Changes in operating assets and liabilities:
Receivables	(835)	(257)	19,407
Inventories	(26,677)	8,016	(14,987)
Other current assets	(5,642)	(3,332)	(637)
Accounts payable and accrued liabilities	30,275	(1,275)	14,397
Net cash provided by operating activities	283,816	261,496	251,553
Cash Flows From Investing Activities:
Payments for property additions	(77,679)	(58,000)	(67,576)
Cash paid for acquisitions, net of cash acquired	(399,285)	(78,819)	0
Proceeds from sale of property	20,322	0	6,969
Other-net	(13,397)	(11,387)	(6,826)
Net cash used in investing activities	(470,039)	(148,206)	(67,433)
Cash Flows From Financing Activities:
Proceeds from debt, net of debt issuance costs	224,088	0	0
Repayments of debt	(25,000)	0	0
Payment of dividends	(108,763)	(103,502)	(97,934)
Purchase of treasury stock	(36,266)	(7,993)	(7,645)
Tax withholdings for stock-based compensation	(2,088)	(1,709)	(1,613)
Principal payments for finance leases	(2,128)	(2,053)	(1,958)
Net cash provided by (used in) financing activities	49,843	(115,257)	(109,150)
Net change in cash and equivalents	(136,380)	(1,967)	74,970
Cash and equivalents at beginning of year	161,476	163,443	88,473
Cash and equivalents at end of year	$ 25,096	$ 161,476	$ 163,443

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current Assets:
Cash and equivalents	$ 25,096	$ 161,476
Receivables	105,488	95,817
Inventories:
Raw materials	44,623	42,547
Finished goods	160,439	126,754
Total inventories	205,062	169,301
Other current assets	25,315	17,037
Total current assets	360,961	443,631
Property, Plant and Equipment:
Property, plant and equipment-gross	1,028,748	968,014
Less accumulated depreciation	477,194	433,471
Property, plant and equipment-net	551,554	534,543
Other Assets:
Goodwill	500,472	222,772
Other intangible assets-net	125,394	0
Operating lease right-of-use assets	42,628	52,227
Other noncurrent assets	24,011	21,551
Total	1,605,020	1,274,724
Current Liabilities:
Accounts payable	156,785	117,962
Accrued liabilities	64,751	68,332
Current portion of long-term debt	10,000	0
Total current liabilities	231,536	186,294
Long-Term Debt	189,276	0
Noncurrent Operating Lease Liabilities	34,966	42,720
Other Noncurrent Liabilities	19,434	13,100
Deferred Income Taxes	76,658	34,115
Commitments and Contingencies
Shareholders' Equity:
Preferred stock-authorized 3,050,000 shares; outstanding-none
Common stock-authorized 75,000,000 shares; outstanding-June 30, 2026-27,291,221 shares; June 30, 2025-27,533,599 shares	168,968	160,886
Retained earnings	1,711,330	1,628,487
Accumulated other comprehensive income	957	961
Common stock in treasury, at cost	(828,105)	(791,839)
Total shareholders' equity	1,053,150	998,495
Total	$ 1,605,020	$ 1,274,724