Last10K.com

Lamb Weston Holdings, Inc. (LW) SEC Filing 10-K Annual report for the fiscal year ending Sunday, May 28, 2017

Lamb Weston Holdings, Inc.

CIK: 1679273 Ticker: LW

 

Picture 5

News Release

 

 

 

 

For more information, please contact:

 

Investors:

 

Dexter Congbalay

 

224-306-1535

 

dexter.congbalay@lambweston.com

 

 

 

Media:

 

Shelby Stoolman

 

208-424-5461

 

shelby.stoolman@lambweston.com

 

 

 

Lamb Weston Reports Fiscal Fourth Quarter and Full Year 2017 Results; Provides Fiscal Year 2018 Outlook

 

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

 

Full Year 2017 Highlights

·

Net Sales increased 6% to $3,168 million

·

Income from operations increased 39% to $518 million; Adjusted Income from Operations(1) increased 24% to $542 million

·

Adjusted EBITDA including unconsolidated joint ventures(1) increased 19% to $707 million; Pro forma Adjusted EBITDA including unconsolidated joint ventures(1) was $692 million

·

Diluted EPS was $2.22, up from $1.92 in full year 2016

·

Adjusted Diluted EPS(1) was $2.32

·

Pro forma Adjusted Diluted EPS(1) was $2.02

 

Fiscal Year 2018 Outlook

·

Net Sales expected to increase at low-to-mid single digit rate

·

Adjusted EBITDA including unconsolidated joint ventures(1) expected to be $740-$760 million

 

 

EAGLE, ID (July 25, 2017) – Lamb Weston Holdings, Inc. (NYSE: LW) announced today its fourth quarter and full year 2017 results, and provided its outlook for fiscal year 2018. 

 

“We are pleased with our solid performance in fiscal year 2017, as we continued to deliver high service levels for our customers, while completing the spinoff from Conagra and building a strong foundation for sustainable growth as an independent company,” said Tom Werner, President and CEO. “We are also proud of our financial performance for the year as we exceeded each of our financial goals through balanced price/mix and volume-driven sales growth as well as disciplined cost management to expand product contribution margins.”

 

“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.”

1


The following information was filed by Lamb Weston Holdings, Inc. (LW) on Tuesday, July 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Lamb Weston Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Lamb Weston Holdings, Inc..

Continue

Assess how Lamb Weston Holdings, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Lamb Weston Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Combined And Consolidated Balance Sheets
Combined And Consolidated Balance Sheets (parenthetical)
Combined And Consolidated Statements Of Cash Flows
Combined And Consolidated Statements Of Comprehensive Income (loss)
Combined And Consolidated Statements Of Earnings
Combined And Consolidated Statements Of Stockholders' Equity
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Commitments, Contingencies, Guarantees And Legal Proceedings
Commitments, Contingencies, Guarantees And Legal Proceedings (tables)
Commitments, Contingencies, Guarantees And Legal Proceedings - Capital Commitments (details)
Commitments, Contingencies, Guarantees And Legal Proceedings - Guarantees (details)
Commitments, Contingencies, Guarantees And Legal Proceedings - Joint Venture (details)
Commitments, Contingencies, Guarantees And Legal Proceedings - Lease Obligations (details)
Commitments, Contingencies, Guarantees And Legal Proceedings - Minimum Lease Payments (details)
Commitments, Contingencies, Guarantees And Legal Proceedings - Purchase Supply Agreements (details)
Debt And Financing Obligations
Debt And Financing Obligations (tables)
Debt And Financing Obligations - Aggregate Minimum Principal Maturities (details)
Debt And Financing Obligations - Credit Facilities (details)
Debt And Financing Obligations - Debt, Including Financing Obligations (details)
Debt And Financing Obligations - Financing Obligation (details)
Debt And Financing Obligations - Other And Notes Payable (details)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Derivative Assets And Liabilities On Gross Basis (details)
Derivative Financial Instruments - Gains (losses) From Derivatives Not Designated As Hedging Instruments (details)
Derivative Financial Instruments - Notional Values (details)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (details)
Earnings Per Share - Antidilutive Securities (details)
Earnings Per Share - Computation Of Basic And Diluted Earnings Per Common Share (details)
Employee Benefit Plans And Other Post-retirement Benefits
Employee Benefit Plans And Other Post-retirement Benefits - Actuarial Assumptions (details)
Employee Benefit Plans And Other Post-retirement Benefits - Benefit Payments To Current Plan (details)
Employee Benefit Plans And Other Post-retirement Benefits - Change In Benefit Obligation (details)
Employee Benefit Plans And Other Post-retirement Benefits - Changes In Plan Assets (details)
Employee Benefit Plans And Other Post-retirement Benefits - Changes In Plan Assets And Benefit Obligations (details)
Employee Benefit Plans And Other Post-retirement Benefits - Components Of Net Periodic Benefit Cost (details)
Employee Benefit Plans And Other Post-retirement Benefits - Condensed Combined And Consolidated Balance Sheets (details)
Employee Benefit Plans And Other Post-retirement Benefits - Condensed Combined And Consolidated Statements Of Earnings (details)
Employee Benefit Plans And Other Post-retirement Benefits - Health Care Cost Trend Rate Assumptions (details)
Employee Benefit Plans And Other Post-retirement Benefits - Investment Policies And Fair Value Measurements Of Plan Assets (details)
Employee Benefit Plans And Other Post-retirement Benefits - Other Plans - Conagra's Defined Contribution Plan (details)
Employee Benefit Plans And Other Post-retirement Benefits - Other Plans - Deferred Compensation Savings Plan (details)
Employee Benefit Plans And Other Post-retirement Benefits - Other Post-retirement Benefits (details)
Employee Benefit Plans And Other Post-retirement Benefits - Pension Plans In Connection With And/or After Separation (details)
Employee Benefit Plans And Other Post-retirement Benefits - Unfunded Status (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Goodwill And Other Identifiable Intangible Assets
Goodwill And Other Identifiable Intangible Assets (tables)
Goodwill And Other Identifiable Intangible Assets - Carrying Amount Of Goodwill (details)
Goodwill And Other Identifiable Intangible Assets - Estimated Intangible Assets Amortization Expense (details)
Goodwill And Other Identifiable Intangible Assets - Other Identifiable Intangible Assets (details)
Goodwill And Other Identifiable Intangible Assets - Weighted Average Useful Life (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Changes In Carrying Amounts Of Assets (details)
Income Taxes - Changes In Carrying Amounts Of Liabilities (details)
Income Taxes - Deferred Income Taxes In Consolidated Balance Sheets (details)
Income Taxes - Net Operating Loss Carryforwards (details)
Income Taxes - Pre-tax Income (loss) And Consolidated Income Tax Provision (details)
Income Taxes - Reconciliation Of Income Tax Expenses (details)
Income Taxes - Step-up In Tax Basis (details)
Income Taxes - Tax Credit Carryforwards (details)
Income Taxes - Uncertain Tax Positions - Additional Information (details)
Income Taxes - Uncertain Tax Positions - Changes In Unrecognized Tax Benefits (details)
Income Taxes - Undistributed Earnings (details)
Income Taxes - Valuation Allowance (details)
Investments In Joint Ventures
Investments In Joint Ventures (tables)
Investments In Joint Ventures - Combined Financial Information For Equity Method Investments (details)
Investments In Joint Ventures - Other Investments (details)
Investments In Joint Ventures - Transactions With Ventures - General Information (details)
Investments In Joint Ventures - Transactions With Ventures - Sales And Payments (details)
Investments In Joint Ventures - Variable Interest Entity - Consolidated - General Information (details)
Investments In Joint Ventures - Variable Interest Entity - Consolidated - Reported In Combined And Consolidated Balance Sheets (details)
Investments In Joint Ventures - Variable Interest Entity - Consolidated - Transactions (details)
Investments In Joint Ventures - Variable Interest Entity - Not Consolidated (details)
Nature Of Operations And Summary Of Significant Accounting Policies (policies)
Nature Of Operations And Summary Of Significant Accounting Policies (tables)
Nature Of Operations And Summary Of Significant Accounting Policies - Foreign Currency (details)
Nature Of Operations And Summary Of Significant Accounting Policies - General Information (details)
Nature Of Operations And Summary Of Significant Accounting Policies - Goodwill And Other Identifiable Intangible Assets (details)
Nature Of Operations And Summary Of Significant Accounting Policies - Inventories (details)
Nature Of Operations And Summary Of Significant Accounting Policies - Marketing Costs, Research And Development, And Cash And Cash Equivalents (details)
Nature Of Operations And Summary Of Significant Accounting Policies - Property, Plant And Equipment (details)
Nature Of Operations And Summary Of Significant Accounting Policies - Reportable Segments (details)
Pension And Other Post-retirement Benefits (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Quarterly Financial Data (unaudited) - Financial Information (details)
Quarterly Financial Data (unaudited) - Stock Price (details)
Related Party Transactions
Related Party Transactions (details)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts - Additional Information (details)
Schedule Ii Valuation And Qualifying Accounts - Tabular Disclosure (details)
Segments
Segments (tables)
Segments - Concentrations (details)
Segments - General Financial Information (details)
Segments - General Information (details)
Segments - Labor (details)
Segments - Other Information - Long-lived Assets (details)
Segments - Other Information - Net Sales By Geographical Area (details)
Segments - Other Information - Net Sales By Product (details)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Compensation Expense (details)
Stock-based Compensation - Restricted Stock Unit And Performance-based Restricted Stock Unit (details)
Stock-based Compensation - Stock Option Activity (details)
Stock-based Compensation - Unrecognized Compensation Expense, Net Of Estimated Forfeitures (details)
Stockholders' Equity - Aoci - Settlement Gains On Pension And Post-retirement Benefits (details)
Stockholders' Equity - Changes In Aoci (details)
Stockholders' Equity - Common And Preferred Stock (details)
Stockholders' Equity - Other Comprehensive Income (loss), Net Of Tax, By Component (details)
Stockholders' Equity - Reclassifications From Accumulated Other Comprehensive Income (loss) (details)
Stockholders??? Equity (tables)
Ticker: LW
CIK: 1679273
Form Type: 10-K Annual Report
Accession Number: 0001558370-17-005308
Submitted to the SEC: Tue Jul 25 2017 3:35:50 PM EST
Accepted by the SEC: Tue Jul 25 2017
Period: Sunday, May 28, 2017
Industry: Canned Frozen And Preservd Fruit Veg And Food Specialties

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/lw/0001558370-17-005308.htm