Lamb Weston (LW) Reports Q2 EPS of $0.80, Revenues Beat; Updates FY19 Sales Growth & EBITDA Outlook
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Lamb Weston Reports Fiscal Second Quarter 2019 Results and Updates Full Year Outlook
January 4, 2019 8:30 AM ESTSecond Quarter 2019 Highlights
Net sales increased 11% to $911 million Income from operations increased 24% to $174 million; Adjusted Income from Operations(1) increased 21% to $174 million Adjusted EBITDA including unconsolidated joint ventures(1) increased 18% to $223 million Diluted EPS increased to $0.74 from $0.52, and includes a $0.10 benefit from a lower tax rate as a result of U.S. tax reform, partially offset by a $0.06 decrease related to the acquisition of the remaining interest in the Lamb Weston BSW joint venture... More