D4-Lancaster Farming, Saturday, June 22, 2002 Top Lancaster DHIA Herds For May GERALD & KATHY BOOP GLEN AND DASYL WEAVER WASHINGTON COUNTY CO-HILL FARMS WESTMORELAND CNTY JOHN St ROBERT GRAHAM JACK TRESSLER/TODD BUY, SELL, TRADE OR RENT THROUGH THE CLASSIFIED ADS IN Lancaster Farming PHONE 717-626-1164 OR 717-394-3047 FAX 717-733-6058 Mon., Tues., Wed., Fri. 8 AM to 5 PM Thurs. 7 AM to 5 PM Lancaster Farming Check out our Website www.lancastcrfarminQ.com (Continued from Page D 3) HILLHONT HILLHONT SCENERY HILL BOLIVAR LATROBE PPH TRUCKS (&■ AND TRAILERS SILOS AND UNLOADERS 42 H 22709 102 H 22409 839 698 789 675 777 695 209 H 23541 101 H 22747 10 H 22775 818 725 875 704 MENLO PARK, Calif. month period, EBITDA were Landec Corporation (Nasdaq; $4.3 million versus $3.2 million LNDC), a developer and mar- for the same period last year, keter of technology-based po- The results for the second lymer products for food, quarter and for the first six agricultural, and licensed part- months of fiscal 2002 include ner applications, reported the impact of the change in ac record quarterly net income and counting for the amortization of earnings per share results for the intangibles. Intangibles deemed second quarter ended April 28, to have an indefinite life are no 2002 and reported net income longer amortized. The imple for the first six months of fiscal mentation of this change in year 2002. creased second quarter net Total revenues for the quarter income by approximately were $57.1 million versus $59.8 $640,000, or $0.03 per diluted million in the prior year second share and net income for the quarter of fiscal 2001. Landec first six months by approxi reported net income applicable mately $1.3 million, or $0.06 per to common shareholders of $5.3 diluted share. million, or $0.24 per diluted “Our second quarter results share, compared with net reflect record net income levels income of $3.2 million, or $0.15 for the company as we continue per diluted share, for the year to experience seasonal patterns ago quarter. in our revenues and profits, with Revenues for the first six the second quarter historically months of fiscal 2002 were $97.5 showing the highest revenue and million versus revenues of profit results,” said Gary Steele, $104.5 million a year ago. The president and CEO of Landec. company reported net income “Despite a weak year for the applicable to common share- corn seed industry and industry holders of $1.7 million or $O.OB wide produce sourcing problems per diluted share for the first six early in the quarter, Landec’s months of fiscal 2002 compared second quarter net income in to a loss of $757,000 or $0.05 per creased $2.1 million or over 67 share, in the first six months of percent compared to the year fiscal 2001. ago quarter, and by $8.9 million EBITDA earnings before over the prior quarter, interest, taxes, depreciation and The initiatives implemented amortization for the second in fiscal year 2001 are starting to quarter were $6.5 million versus be reflected in the bottom line $5.3 million in the second quar- results. Revenues are down for ter of last year. For the six- the quarter and 7 percent for the Ffm CONSTRUCTION |||fl EQUIPMENT Equipment & JO 450/550 parts 97 Kobelko SK2OO Mark 111 Excavator. s4s,ooo 94 Kobelko SKISO Excavator $30,000 Wisconsin Loßoy Tilt Trailer. $BOOO Long Year Concrete Saw, 36”, 65hp $2500 Clipper 14” Walk Behind Saw Ranco Hay Mulcher 88 Kawasaki 1000 Mule w/Dump Bed $3200 JD 555 loader brush rake w/hyd. clamp.. $2,800 JD 450 loader brush rake w/hyd. clamp.. $1,500 JD 450 dozer tracks, 16” pads, 50% U/C....5500 YORK COUNTY EDWIN JOHNSON HEINDEL 4 SONS SAMUEL B. FISHER STATE OF MARYLAND TOL-JE-SO FARM 1 DAVID 4 KATE DALLAM HIGHLAND HEIGHTS FARM INC HT ARARAT FARMS JONAS 4 RUTH STOLTZFUS HARKINS HILL DAIRY TOL-JE-SO FARM 1 ENGLAND FARM INC. STATE OF DELAWARE SWARTZENTRUBER HOMESTEAD Landec Corporation Achieves Record Quarter Net Income Call 814-371-0449 AIRVILLE BROGUE BROGUE PORT DEPOSIT BEL AIR STREET PORT DEPOSIT MILLINGTON FOREST HILL PORT DEPOSIT RISING SUM GREENWOOD SSI 1979 Int. triaxle w/110 apprentice Idr, exc, shape, $12,500. 1979 Tandem Ford LNBOOO w/18’ alum, dump bed, new hoist, $6,000. 544 A JD Idr, artic w/fork, clamps and mulch bucket, recently overhauled, $16,500 920 Cat Idr artic w/forks & clamp w/mulch bucket, W good shape, $18,500. 16’ wooden hay wagon, 6 ton, $750. 1994 JD 5200 series, canopy, lights & controls, 700 hrs., like new, $15,500 $9OO $3500 1986 Monitor 27’ travel trailer, A/C, stove, new refng, loaded, ready to live in, $6,200. Call before 9 30 am or after 3 30 pm or Iv mess (717) 582-0198 1999 Ingersoll-Rand Forklift (42’ reach) Model VR9OC, Only 1,470 hours,-9,000 lb. Lift Capacity, Clean, New Tires, Well Maintained, 2 Sets Forks, $65,000 717/273-3112 - leave message 138 H 24866 957 785 48 X 24137 898 770 49 H 22709 806 695 61 H 27307 58 H 26821 232 H 26413 42 H 24851 127 H 25689 161 H 23105 29 J 19647 68 H 23480 29 H 24271 first six months as compared to the same periods last year be cause of the company’s decision to downsize its “fee-for-service” commodity produce business. However, gross margins as a percent of sales increased to 24 percent in the second quarter of fiscal year 2002 from 19 percent in last year’s second quarter and for the six months gross margins have increased to 19 percent this year from 15 percent last year.” Landec Ag, the company’s In tellicoat(R) seed coating subsidi ary, has expanded its field trials and commercial sales during fiscal year 2002 for its new Early Plant (TM) hybrid corn and Relay (TM) Intercropping of wheat and coated soybean. The new products join the existing line-up of Fielder’s Choice Direct(R) hybrid corn and Intel licoat coated Pollinator Plus (TM) seed corn coatings. Pollinator Plus seed coatings are applied to inbred seed corn to delay seed germination and extend the pollination window thus reducing risks and increas ing yields for seed companies. Pollinator Plus is already being used by 30 major seed compa nies in the production of hybrid seed corn. Seed companies are rapidly increasing their use of this technology, and this prod uct line has been planted on over 60.000 acres in 2002 versus 20.000 acres in 2001. 1070 963 953 958 919 853 940 882 853 725
Significant historical Pennsylvania newspapers