LSC Communications, Inc. (LKSD) Posts Q1 EPS of $0.14; Reaffirms

LSC Communications, Inc. (NYSE: LKSD) reported Q1 EPS of $0.14, which may not compare to the analyst estimate of $0.56. Revenue for the quarter came in at $821 million versus the consensus estimate of $839.75 million.

• Company reaffirms full-year 2017 guidance
• Net cash provided by operating activities of $64 million
• Non-GAAP free cash flow of $43 million
• Net sales of $821 million compared to $880 million in the first quarter of 2016
• GAAP net loss of $1 million, or $0.02 per diluted share
• Non-GAAP net income of $4 million, or $0.14 per diluted share
• Non-GAAP adjusted EBITDA of $65 million, or 7.9% of net sales, compared to $96 million, or 10.9% of net sales, in the first quarter of 2016
• Company closes on secondary common stock offering that completes the sale of RR Donnelley’s entire ownership of LSC shares

“First quarter, results were consistent with our 2017 budget and we remain on track to deliver full year guidance,” said Thomas J. Quinlan III, LSC Communications’ Chairman and Chief Executive Officer. “In the first quarter, we acquired Hudson Yards to enhance our digital and premedia capabilities, and we continue to see a robust M&A pipeline in both our Print and Office Products segments.”

For earnings history and earnings-related data on LSC Communications, Inc. (LKSD) click here.

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