LSC Communications, Inc. (LKSD) Tops Q2 EPS by 1c, Revenues Beat; Lowers FY18 Revenue Guidance

LSC Communications, Inc. (NYSE: LKSD) reported Q2 EPS of $0.48, $0.01 better than the analyst estimate of $0.47. Revenue for the quarter came in at $943 million versus the consensus estimate of $911.74 million.

2Q 2018 Highlights:

• Net sales of $943 million compared to $848 million in the second quarter of 2017, an increase of $95 million, or 11.2%
• GAAP net income of $8 million, or $0.23 per diluted share compared to net income of $5 million, or $0.12 per diluted share in the second quarter of 2017
• Non-GAAP net income of $17 million, or $0.48 per diluted share, compared to non-GAAP net income of $21 million, or $0.59 per diluted share in the second quarter of 2017
• Non-GAAP adjusted EBITDA of $77 million, or 8.2% of net sales, compared to $82 million, or 9.7% of net sales, in the second quarter of 2017
• Company completed the acquisition of RR Donnelley’s Print Logistics business and announced entering into definitive agreement to divest LSC’s European printing business
• Company updates full-year guidance to include impact of the sale of the European printing business and completion of $20 million share repurchase program

“We are pleased with our second quarter results as we continued to experience favorable organic revenue trends and saw an improved sales mix. In addition, we continued our focus on acquisition integration and cost reductions that drove sequential margin improvement,” said Thomas J. Quinlan III, LSC Communications’ Chairman, Chief Executive Officer and President. “Our investment in growth areas, including our Print Logistics acquisition, will bring additional value to our customers. Additionally, we recently announced entering into an agreement to sell our European printing business which will allow us to increase strategic focus on our North America operations and customers and provide us with additional financial flexibility.”

GUIDANCE:

LSC Communications, Inc. sees FY2018 revenue of $3.75-3.85 billion, versus the consensus of $3.81 billion.

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

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