Landec Corporation Reports Fiscal Fourth Quarter and Full Year 2013 Results

Landec FY 2013 Revenues Increase 39% to a Record $441.7 Million and EPS to $0.85

MENLO PARK, Calif., July 31, 2013 (GLOBE NEWSWIRE) — Landec Corporation (Nasdaq:LNDC), today reported results for the fourth quarter and fiscal year 2013. Revenues for the fourth quarter of fiscal year 2013 increased 30% to $107.1 million compared to revenues of $82.6 million for the fourth quarter of fiscal year 2012. Net income increased to $4.5 million or $0.17 per diluted share compared to net income of $2.8 million or $0.11 per diluted share for the fourth quarter of fiscal year 2012. Revenues for fiscal year 2013 increased 39% to $441.7 million compared to revenues of $317.6 million for fiscal year 2012. Net income for fiscal year 2013 was $22.6 million or $0.85 per diluted share compared to net income of $12.7 million or $0.49 per diluted share for fiscal year 2012.
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