Advertisement
YOU ARE HERE: LAT HomeCollectionsTejon Ranch Co
IN THE NEWS

Tejon Ranch Co

FEATURED ARTICLES
BUSINESS
November 5, 1991
Tejon Ranch Co., a Lebec company with cattle, farming and real estate development operations that has been hurt by the statewide drought, reported that its net income plunged 87% in the third quarter that ended Sept. 30 to $39,000. A year earlier, Tejon's net income was $300,000. Revenues increased 32% to $2.93 million from $2.22 million. In the nine months that ended Sept. 30, Tejon said its earnings fell 42% to $647,000 from $1.12 million in the same period in 1990. Revenues totaled $8.
ARTICLES BY DATE
CALIFORNIA | LOCAL
July 7, 2008 | Louis Sahagun, Times Staff Writer
Environmentalists who brokered a landmark agreement with a developer to set aside 240,000 acres of California wilderness are facing the ire of colleagues within the conservation community who contend that they, as one detractor put it, "sold out to the forces of destruction." The pact's potential effect on the California condor has prompted the harshest criticism, and has brought personal attacks as well.
Advertisement
BUSINESS
March 9, 1993
Tejon Ranch Co., a Lebec-based concern with interests in livestock, farming and property leasing, said its fourth-quarter profit rose 6% from a year earlier on a 9% increase in revenue. The company's net income in the three months ended Dec. 31 climbed to $890,000 from $837,000, and its revenue rose to $7.32 million from $6.74 million. Higher cattle sales and increased production of walnuts and pistachios contributed to the gains, Tejon said. For all of 1992, Tejon's profit inched up 1%, to $1.
CALIFORNIA | LOCAL
November 6, 2006 | Gary Polakovic, Times Staff Writer
Developers of the largest chunk of privately owned wild lands remaining in Southern California and representatives from the nation's most powerful environmental groups gathered at a special summit last spring to consider a deal. Under it, environmentalists would forgo legal challenges if the proposed 23,000-home Centennial development on Tejon Ranch were reconfigured to more than double the amount of land set aside for a preserve.
CALIFORNIA | LOCAL
April 25, 1992 | JOHN CHANDLER
Tejon Ranch Co., which owns the site of a controversial facility that burns hazardous wastes near Gorman, has begun talks to sell the property to the plant's operator. The sale could remove a hurdle to the operator's bid for a new state permit. In a letter to an opponent of the operation, Tejon President Jack Hunt said his company, which leases the site to plant operator National Cement Co., is in an "untenable position" that forced Tejon to recently begin considering National's purchase offers.
BUSINESS
November 9, 1993
Tejon Ranch Co., a Lebec-based real estate company with interests in cattle and farming, reported a loss of $139,000 for its third quarter that ended Sept. 30, while its revenue fell 27% to $1.84 million. A year before, Tejon Ranch earned $245,000 on $2.52 million in revenue. For the nine months, the company saw its profit drop 26%, to $449,000 from $609,000 a year earlier. Its revenue was $8.66 million, down 6% from $9.24 million in the 1992 period.
CALIFORNIA | LOCAL
November 6, 2006 | Gary Polakovic, Times Staff Writer
Developers of the largest chunk of privately owned wild lands remaining in Southern California and representatives from the nation's most powerful environmental groups gathered at a special summit last spring to consider a deal. Under it, environmentalists would forgo legal challenges if the proposed 23,000-home Centennial development on Tejon Ranch were reconfigured to more than double the amount of land set aside for a preserve.
BUSINESS
May 19, 1992
Tejon Ranch Co., a Lebec company with interests in real estate, cattle and farming, reported a loss in the first quarter ended March 31, which it blamed on fewer cattle sales and lower oil and cement royalties. Tejon's first-quarter loss of $63,000 contrasted with a year-earlier profit of $281,000. Revenue totaled $1.68 million, down 35% from $2.59 million in 1991's first quarter.
CALIFORNIA | LOCAL
February 13, 2006 | Louis Sahagun, Times Staff Writer
A coalition of environmental groups says it will withdraw its opposition to development of the sprawling Tejon Ranch if the builder agrees to set aside about 380 square miles in the Tehachapi Mountains as wilderness. The coalition hopes its offer persuades developers to scale back their plans on the 270,000-acre site and to more than double the amount of land to be preserved. The coalition now wants to save 245,000 acres -- a swath of land bigger than Chicago and Philadelphia combined.
CALIFORNIA | LOCAL
May 24, 2005 | Daryl Kelley, Times Staff Writer
Developers of the vast Tejon Ranch north of Los Angeles and a national land trust have identified a 100,000-acre swath of mountains and grasslands that would be preserved even if three large urban projects are built nearby. After two years of study, the Tejon Ranch Co.
CALIFORNIA | LOCAL
July 14, 2004 | Daryl Kelley, Times Staff Writer
Environmental groups and local residents Tuesday criticized a tentative plan by the Tejon Ranch Co. and the U.S. Fish and Wildlife Service that protects ranch developers if they accidentally harm or kill endangered California condors, but also takes steps to protect the huge birds.
BUSINESS
August 12, 2003 | From a Times Staff Writer
Farming and real estate company Tejon Ranch Co. said it lost $414,000, or 3 cents a share, in the second quarter, compared with a profit of $600,000, or 4 cents, a year earlier. Revenue fell 27.7%, to $3.48 million, in the period ended June 30. Real estate revenue fell 22%, to $3 million, the company said, mostly because of a one-time gain from the sale of an easement a year earlier. Farming revenue fell 47.
BUSINESS
February 27, 2003 | From Bloomberg News
Longs Drug Stores Corp.'s fiscal fourth-quarter earnings fell 71%, and the company plans to fire 170 people. Most of the layoffs will be in California, Longs said. The company plans to improve some stores that aren't as profitable as it expects them to be and will close those that don't improve. It's also shedding a pharmacy-information system it said was too difficult to use. Net income fell to $6.4 million, or 17 cents a share, from $21.
BUSINESS
February 27, 2003 | Roger Vincent
Developer Tejon Ranch Co. reported a quarterly profit of $223,000 as business improved in its orchards and commercial properties. Fourth-quarter profit amounted to 2 cents a share, contrasted with a loss of $114,000, or break-even, in the last quarter of 2001. The profit for 2002 was $243,000, or 2 cents a share, down 17% from $294,000, or 2 cents, in the previous year. Revenue rose 9% in the quarter to $8.2 million and 15.5% for the year to $21.
BUSINESS
May 10, 2002 | A Times staff writer
Tejon Ranch Co. said its first-quarter loss widened to $962,000 on higher revenue. The company, which owns about 270,000 acres of ranch and commercial land in northern Los Angeles and southern Kern counties, said the deeper loss was primarily the result of losses from discontinued operations. Tejon Ranch Co. has been shifting from ranching and agricultural operations to real estate development. The net loss was 7 cents a share, compared with a year-earlier loss of $798,000, or 6 cents a share.
BUSINESS
March 20, 2001 | A Times Staff Writer
A partnership formed by Tejon Ranch Co. and Dermody Properties will build a 650,000-square-foot distribution building in the Tejon Industrial Complex in Kern County. Construction on the building is scheduled to begin in April and is expected to be completed late this year. The structure will be next to a 1.8-million-square foot distribution center being built for the home-furnishings chain IKEA.
Los Angeles Times Articles
|