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Landec Corporation is a developer and marketer of proprietary products for healthy living applications in the food and biomedical markets that focuses on health and wellness solutions and applications within the packaged food and biomaterial markets. The Company has two proprietary polymer technology platforms: Intelimer polymers, and hyaluronan biopolymers. It sells specialty packaged fresh-cut vegetables and whole produce to retailers, club stores and foodservice operators through its Apio subsidiary, and HA-based biomaterials through its Lifecore Biomedical subsidiary. 
TypePublic
HQMenlo Park, US
Websitelandec.com
Employee Ratings5

Latest Updates

Employees (est.) (Feb 2019)710
Job Openings29
Revenue (FY, 2018)$524.2 M(+12%)
Share Price (Mar 2019)$12.3 (-2%)

Key People/Management at Landec

Molly A. Hemmeter

Molly A. Hemmeter

Landec President & CEO
Gregory S. Skinner

Gregory S. Skinner

Landec CFO
Dawn Kimball

Dawn Kimball

SVP of Human Resources
James G. Hall

James G. Hall

President Lifecore Biomedical
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Landec Office Locations

Landec has offices in Menlo Park, Rock Tavern, Rock Hill, Hanover and in 4 other locations
Menlo Park, US (HQ)
3603 Haven Ave
Bowling Green, US
12700 S Dixie Hwy
Chaska, US
3515 Lyman Blvd
Guadalupe, US
Guadalupe, CA, USA
Hanover, US
26 Industrial Dr
Rock Hill, US
Bryant Blvd
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Landec Financials and Metrics

Landec Revenue

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Landec's revenue was reported to be $524.23 m in FY, 2018 which is a 11.6% increase from the previous period.
USD

Revenue (Q2, 2019)

124.9m

Gross profit (Q2, 2019)

16.6m

Gross profit margin (Q2, 2019), %

13.3%

Net income (Q2, 2019)

(584.0k)

EBIT (Q2, 2019)

(606.0k)

Market capitalization (15-Mar-2019)

358.5m

Closing stock price (15-Mar-2019)

12.3

Cash (25-Nov-2018)

1.5m

EV

438.8m
Landec's current market capitalization is $358.5 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

476.8m539.3m476.9m469.8m524.2m

Revenue growth, %

13%(12%)(1%)12%

Cost of goods sold

414.2m473.9m410.1m390.6m445.9m

Gross profit

62.6m65.4m66.8m79.2m78.3m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

120.0m126.4m132.7m138.5m115.8m122.5m149.3m124.7m124.9m

Cost of goods sold

106.3m106.2m119.4m117.0m121.6m117.4m123.2m117.1m111.3m116.9m113.1m97.0m107.5m129.2m108.3m108.3m

Gross profit

13.7m20.2m15.7m16.9m18.8m14.9m20.1m16.3m16.6m

Gross profit Margin, %

11%16%12%12%16%12%13%13%13%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

14.2m14.1m9.9m6.0m2.9m

Accounts Receivable

44.4m46.5m46.4m45.9m53.9m

Prepaid Expenses

3.2m5.5m4.5m3.5m8.0m

Inventories

24.7m25.0m25.5m23.6m31.8m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

8.5m5.0m15.7m7.1m6.0m8.2m8.6m2.6m12.7m8.2m4.4m7.7m1.4m1.5m

Accounts Receivable

43.5m52.1m45.3m44.5m50.3m42.9m44.2m50.0m45.9m47.9m56.4m50.4m48.7m53.4m

Prepaid Expenses

6.0m5.1m3.6m5.1m8.0m5.6m4.8m3.9m4.7m4.3m4.4m7.6m8.3m5.9m

Inventories

27.8m30.4m24.7m28.4m28.9m27.2m30.2m28.0m23.3m28.1m30.8m28.7m30.0m31.6m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(11.4m)10.7m24.9m

Depreciation and Amortization

9.4m10.7m12.4m

Inventories

(508.0k)855.0k(6.5m)

Accounts Payable

(4.1m)(5.2m)5.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

3.0m4.9m(16.3m)3.3m4.7m8.2m2.2m2.7m18.8m190.0k(395.0k)

Depreciation and Amortization

2.2m4.3m6.5m2.6m5.1m7.8m3.0m5.9m9.1m3.1m6.5m

Inventories

(3.4m)(3.8m)(2.1m)(4.6m)(2.4m)2.3m(2.8m)(5.5m)(3.5m)1.8m191.0k

Accounts Payable

(3.1m)1.9m(9.9m)709.0k(5.0m)(6.1m)1.1m11.6m9.4m(2.5m)(1.4m)
USDY, 2018

EV/EBIT

-724.1 x

EV/CFO

91.4 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x

P/E Ratio

(614.5)
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Landec Operating Metrics

FY, 2016FY, 2017FY, 2018

Cold Storage Facilities

6 6 6

Manufacturing Facilities

6 6 8

Patents (US)

33 30 26

Warehouses

1 2 2
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Landec Revenue Breakdown

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Landec revenue breakdown by geographic segment: 14.2% from Belgium, 20.2% from Taiwan, 8.2% from China, 46.7% from Canada, 5.7% from Indonesia and 5.0% from Other

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Landec News and Updates

Landec Corporation to Participate in Sustainability Panel at the 31st Annual ROTH Conference

SANTA CLARA, Calif., March 14, 2019 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ: LNDC), a leading innovator of diversified health and wellness solutions with two operating businesses, Curation Foods, Inc. and Lifecore Biomedical, Inc., announced today that Molly Hemmeter, the Company's Presiden…

Landec Corporation Sets Third Quarter Fiscal Year 2019 Conference Call for April 4, 2019 at 8 a.m. PT and Earnings Release set for April 3, 2019 After Market

SANTA CLARA, Calif., March 13, 2019 (GLOBE NEWSWIRE) -- Landec Corporation (Nasdaq: LNDC), a leading innovator of diversified health and wellness solutions with two operating businesses, Curation Foods, Inc. and Lifecore Biomedical, Inc., will hold a conference call on Thursday April 4, 2019 at 8 …

Landec Corporation Reports Second Quarter and First Half Fiscal 2019 Results

Second Quarter Includes Acquisition-Related Expenses and Company Updates Full Year Guidance Second Quarter Includes Acquisition-Related Expenses and Company Updates Full Year Guidance

Landec Meets Commitment For 100% Clean Ingredients In All Eat Smart Branded Products

All Five Brands in Landec Natural Foods Portfolio Now Contain Only 100% Clean Ingredients SANTA CLARA, Calif., Jan. 2, 2019 /PRNewswire/ -- Landec Corporation (Nasdaq: LNDC), a leading innovator of diversified health and wellness solutions, announced today that the entire portfolio of its ...

Landec Corporation Sets Second Quarter Fiscal Year 2019 Conference Call for January 4, 2019 at 8 a.m. PT and Earnings Release set for January 3, 2019 After Market

SANTA CLARA, Calif., Dec. 13, 2018 (GLOBE NEWSWIRE) -- Landec Corporation (Nasdaq: LNDC), a leading innovator of diversified health and wellness solutions with two operating businesses, Landec Natural Foods (LNF) and Lifecore Biomedical, Inc., will hold a conference call on Friday January 4, 2019 …

Walmart supplier Landec acquires Yucatan Foods for about $80 mln

Landec Corp, a fresh food supplier to retailers like Walmart Inc, said on Monday it has acquired guacamole company Yucatan Foods for approximately $80 million, a move that should strengthen its position in the natural foods market. Yucatan, which processes and markets two guacamole brands Yucatan an…
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Landec Frequently Asked Questions

  • Who are Landec key executives?

    Landec's key executives are Molly A. Hemmeter, Gregory S. Skinner and Dawn Kimball.

  • How many employees does Landec have?

    Landec has 710 employees.

  • What is Landec revenue?

    Latest Landec annual revenue is $524.2 m.

  • What is Landec revenue per employee?

    Latest Landec revenue per employee is $738.3 k.

  • Who are Landec competitors?

    Competitors of Landec include Mitsubishi Chemical, Petainer and RKW.

  • Where is Landec headquarters?

    Landec headquarters is located at 3603 Haven Ave, Menlo Park.

  • Where are Landec offices?

    Landec has offices in Menlo Park, Rock Tavern, Rock Hill, Hanover and in 4 other locations.

  • How many offices does Landec have?

    Landec has 8 offices.