Lancaster Colony Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported net sales of USD 324.769 million compared to USD 303.411 million a year ago. Operating income was USD 52.115 million compared to USD 50.216 million a year ago. Income before income taxes was USD 51.910 million compared to USD 50.169 million a year ago. Net income was USD 34.511 million compared to USD 32.954 million a year ago. Diluted net income per share was USD 1.25 compared to USD 1.20 a year ago. Capital investment for the second quarter was about USD 4 million.

For the six months, the company reported net sales of USD 618.854 million compared to USD 563.398 million a year ago. Operating income was USD 94.003 million compared to USD 84.820 million a year ago. Income before income taxes was USD 93.920 million compared to USD 84.781 million a year ago. Net income was USD 62.139 million compared to USD 55.715 million a year ago. Diluted net income per share was USD 2.26 compared to USD 2.04 a year ago.

The company anticipates effective tax rate to resume a more historical rate of around 34% for the second half of 2016.

For the year 2016, the company said that its capital investment outlook looks to be in the range of USD 15 million to USD 20 million.