Lancaster Colony Corporation (LANC)
F4Q2010 Earnings Call Transcript
August 19, 2010 10:00 am ET
Earle Brown – IR
Jay Gerlach – Chairman, President and CEO
John Boylan – VP, CFO, Treasurer and Assistant Secretary
Alex Bisson – Northcoast Research
Shaumo Sadhukhan [ph] – Meritage
Brian [ph] – Janney Montgomery Scott
Greg Halter – Great Lakes Review
A.J. Strasser – Cooper Creek Partners
Good morning. My name is Kelly and I will be your conference operator today. At this time, I would like to welcome everyone to the Lancaster Colony Corporation's fiscal year and fourth quarter 2010 earnings conference call. Conducting today's call will be Jay Gerlach, Lancaster Colony Chairman and CEO, and John Boylan, Vice President, Treasurer and CFO. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. (Operator instructions) Thank you.
And now to begin your conference, here is Earle Brown, Lancaster Colony’s Investor Relations.
Thank you. Good morning. Let me also say thank you for joining us today for the Lancaster Colony fiscal year and fourth quarter 2010 conference call. Now please bear with me while we take care of a few details. As with other presentations of this type, today's discussion by Jay Gerlach, Chairman and CEO, and John Boylan, Vice President, Treasurer and CFO, will contain forward-looking statements of what may happen in the future, including statements relating to Lancaster Colony's sales prospects, growth rates, expected future levels of profitability, as well as the extent of share repurchases and business acquisitions to be made by the company.