Lancer Corp. has posted second- and third-quarter gains. The San Antonio-based maker of drink dispensing systems had delayed its quarterly filing until Monday amid a lawsuit filed against Coca-Cola Co.
Go deeper with GlobalData
In the second quarter Lancer reported net earnings of US$200,000, while in the third quarter the company had net earnings of US$600,000.
In August of this year Lancer became involved in a criminal investigation into allegations of fraud against Coca-Cola. The investigations sprang from an unfair dismissal case filed by former Coke employee Matthew Whitley. In the case Whitely accused Coke of improper accounting procedures concerning a fountain dispenser, iFountain, it was involved in with Lancer.
The dispute was settled in October.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
