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Lancaster Colony CEO Discusses F1Q2011 Results - Earnings Call Transcript

Lancaster Colony Corporation (LANC)

F1Q2011 Earnings Call Transcript

October 28, 2010 10:00 am ET

Executives

Earle Brown – IR

Jay Gerlach – Chairman, CEO and President

John Boylan – VP, CFO, Treasurer and Assistant Secretary

Analysts

Alex Bisson – Northcoast Research

Alton Stump – Longbow Research

Greg Halter – Great Lakes Review

David Leibowitz – Horizon Asset Management

A.J. Strasser – Cooper Creek Partners

Mitch Pinheiro – Janney Montgomery Scott

Seth Cohen – Valinor Management

Presentation

Operator

Good morning. My name Julie and I will be your conference operator today. At this time, I would like to welcome everyone to the Lancaster Colony Corporation first quarter fiscal 2011 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 session. (Operator Instructions)

Thank you. And now, to begin your conference, here is Earle Brown, Lancaster Colony Investor Relations.

Earle Brown

Good morning. Let me also say thank you for joining us today for the Lancaster Colony first quarter fiscal 2011 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.

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