Lamb Weston (LW) Tops Q4 EPS by 2c, Beats on Revenues; Offers FY18 Outlook

Lamb Weston (NYSE: LW) reported Q4 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $833 million versus the consensus estimate of $810.85 million.

Fourth Quarter 2017 Highlights

• Net Sales increased 7% to $833 million
• Income from operations increased 136% to $123 million; Adjusted Income from Operations(1)increased 5% to $122 million
• Adjusted EBITDA including unconsolidated joint ventures(1) increased 12% to $176 million
• Diluted EPS was $0.51, up from $0.29 in fourth quarter 2016
• Adjusted Diluted EPS(1) was $0.51

“Looking ahead to fiscal year 2018, we anticipate the operating environment to remain generally favorable, with solid demand growth for frozen potato products across most of our markets. In addition, we expect the industry’s production capacity to continue to be constrained, especially in North America. We are confident in our ability to build upon the momentum that we have created, leverage our investments in additional capacity to support our customers, execute our strategies and win in the marketplace to deliver on our outlook for the year.”

For earnings history and earnings-related data on Lamb Weston (LW) click here.

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