The integration is going well. We expect to realize cost savings from operating synergies of approximately $1.0 million to $1.5 million during fiscal year 2013. From the acquisition date through the end of fiscal year 2012, the GreenLine business generated $9.1 million of revenues and $1.6 million of operating income. The drought currently being experienced in the Midwest is having an impact on green bean yields which is increasing the cost for green beans. However, with the recent rains in the Ohio Valley and good operating results in June, we still believe we can achieve our original projections for GreenLine for fiscal year 2013 of $95 million to $100 million in revenues and $10 million to $11 million of EBTIDA (earnings before taxes, interest, depreciation and amortization) assuming there are no recurrences of severe adverse weather.5) Is the fresh-cut produce category continuing to grow?
Landec Corporation Reports Fiscal Year 2012 And Fourth Quarter Results
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