Molson Coors Brewing (TAP) Tops Q4 EPS by 5c
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Molson Coors Reports 2018 Full Year and Fourth Quarter Results
February 12, 2019 7:00 AM EST____________________________________
Full Year (FY) Worldwide Brand Volume Decreased 1.9%
FY Net Sales Revenue (NSR)/HL Decreased 0.7%, and Excluding New Revenue Recognition Accounting Impacts FY NSR/HL Decreased 0.1%
FY Net Income of $1.1 Billion ($5.15 Per Share) Decreased 28.7%, and
FY Underlying (Non-GAAP) EPS of $5.04 Increased 12.5%
FY Operating Cash Flow of $2.3 Billion, and Underlying (Non-GAAP) Free Cash Flow of $1.4 Billion
Management Reaffirms Previously Updated 2017-2019 $700 Million Cost Savings Guidance and Announces New $450 Million Cost Savings Plan for 2020-2022
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