Lancaster Colony Corporation (NASDAQ:LANC) Q1 2025 Earnings Conference Call October 30, 2024 10:00 AM ET

Company Participants

Dale Ganobsik - VP, Corporate Finance and IR
David Ciesinski - President and CEO
Thomas Pigott - CFO

Conference Call Participants

James Salera - Stephens
Andrew Wolf - CL King
Brian Holland - D.A. Davidson
Alton Stump - Loop Capitals
Todd Brooks - The Benchmark Company
Robert Dickerson - Jefferies

Operator

Good morning. My name is Gerald and I will be your conference call facilitator today. At this time, I would like to welcome everyone to the Lancaster Colony Corporation Fiscal-Year 2025 First-Quarter Conference Call. Conducting today's call will be Dave Ciesinski, President and CEO; and Tom Pigott, CFO. [Operator Instructions] Thank you.

And now, to begin the conference call, here is Dale, Vice President of Corporate Finance and Investor Relations for Lancaster Colony Corporation. The floor is yours.

Dale Ganobsik

Good morning, everyone, and thank you for joining us today for Lancaster Colony's fiscal year 2025 first-quarter conference call. Our discussion this morning may include forward-looking statements, which are subject to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially and the company undertakes no obligation to update these statements based upon subsequent events. A detailed discussion of these risks and uncertainties is contained in the company's filings with the SEC. Also note that the audio replay of this call will be archived and available at our company's website, lancastercolony.com later this afternoon.

For today's call, Dave Ciesinski, our President and CEO, will begin with a business update and highlights for the quarter. Tom Pigott, our CFO, will then provide an overview of the financial results. Dave will then share some comments regarding our current strategy and outlook. At the conclusion of our prepared remarks, we'll be happy to respond to any of your questions. Once again, we appreciate your participation this morning. I'll now turn the call over to Lancaster Colony's President and CEO, Dave Ciesinski. Dave?

David Ciesinski

Thanks, Dale. And good morning, everyone. It's a pleasure to be here with you today as we review our first-quarter results for fiscal year 2025. In our fiscal first-quarter, which ended September 30, consolidated net sales increased 1.1% to a first-quarter record $467 million, while gross profit increased 1.9% to a record $111 million.