Landec Corporation F4Q10 (Qtr Ended 05/30/2010) Earnings Call Transcript

 

Landec Corporation (LNDC)

F4Q10 (Qtr Ended 05/30/2010) Earnings Call

August 4, 2010 11:00 am ET

Executives

Gary Steele - Chairman and CEO

Greg Skinner - CFO

Analysts

Tony Brenner - Roth Capital Partners

Morris Ajzenman - Griffin Securities

Chris Krueger - Northland Securities, Inc

Walter Sheckner - Titan Capital

Presentation

Operator

Welcome to the Landec Fourth Quarter Fiscal Year 2010 Earnings Call. At this time listeners are in a listen-only mode and later we will conduct a question and answer session and instructions will follow at that time. (Operator Instructions) As a reminder this program is being recorded.

I would now like to introduce your host for today's program, Mr. Gary Steele, Chairman and CEO of Landec Corporation.

Gary Steele

Good morning and welcome to Landec's year-end and fourth quarter of fiscal year 2010 earnings call. I have with me today, Greg Skinnerm Landec's Chief Financial Officer.

This call is being webcast by Thompson CCBN and can be accessed at Landec's website at www.landec.com on our investor relations page. The webcast will be available for 30 days through September 3, 2010. A reply of the teleconference will be available for one week by calling 888-266-2081 or 703-925-2533. The access code for the replay is 1468225.

During today's call we may make forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially. These risks are outlined in our filings with the Securities and Exchange Commission including the company's Form 10-K for fiscal year 2009.

As reported in yesterday's press release for fiscal year 2010 Landec's revenues increased 1% to $238 million compared to revenues of $236 million in fiscal year 2009. Overall revenues increased slightly in spite of the difficult economic climate.

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