American Italian Pasta Company
|
|
- Elijah Whitehead
- 5 years ago
- Views:
Transcription
1 American Italian Pasta Company 2 nd Quarter Fiscal 2010 Results May 6, 2010
2 Forward Looking Statements This presentation contains statements concerning potential future events. These forward-looking statements are based upon assumptions by our management, including assumptions about risks and uncertainties faced by us. When used, the words "anticipate," "projected," "believe," "estimate," and "expect" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying these statements. The statements by the Company regarding the pasta market, cost of goods, and financial performance are forward looking. There are numerous risks and uncertainties that could cause actual future results to differ materially from those anticipated by such forward-looking statements. The risks and uncertainties could be caused by a number of factors, including, but not limited to: (1) our dependence on a limited number of customers for a substantial portion of our revenue; (2) our ability to obtain necessary raw materials and minimize fluctuations in raw material prices; (3) the potential adverse impact on revenue and margins of the highly competitive environment in which we operate; (4) our reliance exclusively on a single product category; (5) our ability to costeffectively transport our products; (6) consumption trends for our product; (7) the status of production capacity in the U.S. and the level of imports from foreign producers; (8) our ability to sustain quality and service requirements for our customers; and (9) our ability to attract and retain key personnel. For a discussion of factors that could cause actual results to materially differ from those anticipated, see the risk factors set forth in item 1A of the Company s Form 10-K for the fiscal year ended October 2, The Company will not update any forward-looking statements in this presentation to reflect future events. 1
3 Highlights Success in Store Brands Growth in volume and revenue Strong Margins Q2 10 YTD 10 Gross Margin 36.5% 35.0% EBITDA Margin 29.8% 28.4% Headway into faster growing Better for You Pastas 7.8% of Q2 10 Volume versus 5.6% of Fiscal
4 American Italian Pasta Company Strategic Platform Double Down in Store Brands Aggressively seek to grow within the pasta category in 4 ways: Further penetrate current customers Expand premium store brand offerings Capture competitive accounts when possible at attractive margins Partner with retailers to accelerate the conversion of branded products to store brands Drive expansion into other pasta related categories Invest in and grow the developing side dishes business Adopt Brand Portfolio Management Approach Change the brand portfolio management approach to deliver greater value and minimize organizational complexity Focus on AIPC brands that are #1 or #2 in their markets Optimize Foodservice and Ingredient Contribution Improve margins in the foodservice business Provide consistent per pound cash flow to leverage fixed costs in the ingredient business 3
5 American Italian Pasta Company Competitive Advantages Geographic Footprint: Positions us in a cost advantaged supply chain situation. Italian subsidiary brings authentic pasta know-how, R&D, and higher-margin Italian imported products. Scale: Provides leverage in procurement, distribution, leverage, labor and SG&A expense, and attraction/retention of skilled personnel. The benefits of scale demonstrated by key per employee metrics in earnings and revenue, very low conversion costs, and low SG&A expense as a percent of revenue. Category Management Skills: Unique advantage to help our customers grow their own brands. Customers who purchase store brands from AIPC enjoy a higher level of store brand penetration. Supply Chain and Operations Capabilities: Allow us to efficiently manage inherent complexity of store brands business model. Manage 3,700+ SKUs with high inventory turns and high levels of customer service. Research & Development: Fast following brand leaders allows us to provide best of the best to our store brand customers. ACV Distribution: Our reach into over 90% of retail ACV provides an efficient distribution network, so our customers can maintain the lowest possible inventory with high levels of in-stocks. It provides a platform for growth of acquisition targets. Store Brand Pasta Market Share Leadership: earned by implementing these competitive advantages and has become its own competitive advantage in terms of cost, focus, reputation, momentum and the best bet. Tolleson, AZ Excelsior Springs, MO Columbia, SC Verolanuova, Italy 4
6 US Retail Dry Pasta 13 Week Pound & Dollar Share Ending 4/10/2010 Pound Category Size: 369.9M % Change vs. Year Ago: +0.6% Dollar Category Size: $516.9M % Change vs. Year Ago: -2.0% STORE BRANDS: Chg: 4.8% v. YAG STORE BRANDS: Chg: 1.0% v. YAG 33.4% 27.5% 66.6% 72.5% MANUFACTURER BRANDS: Chg: -1.4% v. YAG MANUFACTURER BRANDS: Chg: -3.1% v. YAG Source: Nielsen data 13 weeks ending 4/10/2010 (Grocery and Mass Merchants) 5
7 12/19/2009 4/10/2010 Dry Pasta Consumption at an All Time High Dry Pasta consumption at 1.42 billion pounds exceeds the all time high of 1.37 billion pounds in 2002 Billions of Pounds Billions of Dollars 1.45 $ $ $ $ $ $0.0 Source: Nielsen data 52 weeks ending 4/10/2010 (Grocery and Mass Merchants) 6 12/28/ /27/ /25/ /24/ /23/ /22/ /20/ /19/2009 4/10/ /28/ /27/ /25/ /24/ /23/ /22/ /20/ Week Totals 52 Week Totals
8 Better for You Pastas Continue to Grow Accounts for 12.1% of Pounds Better for You Pastas Are targeted for specific benefits such as higher levels of fiber, nutrition, calcium, etc. Tend to sell at higher prices and deliver higher margins accounts for 17.0% of Retail Dollars Create volume growth, increased household penetration, and continuing relevance for pasta Weeks Ending 13 Weeks Ending 75 Millions of Pounds M Millions of Pounds M 125 4/11/2009 4/10/2010-4/11/2009 4/10/2010 Traditional Pastas Millions of Pounds 1,300 1, Weeks Ending 13 Weeks Ending +13M -6M Millions of Pounds ,100 4/11/2009 4/10/ /11/2009 4/10/2010 Source: Nielsen data ending 4/10/2010 (Grocery and Mass Merchants) 7
9 AIPC Strategic Platform Results Double Down in Store Brands Adopt Brand Portfolio Management Approach Strategic Retail Store Brands plus AIPC Proprietary Brands Year-over-year Volume Growth Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q2'10 Strategic Retail 18.5% 10.6% 6.9% 9.4% 1.7% 2.7% % Change % Change Q2'10 (13 weeks) vs. YTD'10 (26 weeks) vs. Q2'09 (13 weeks) YTD'09 (27 weeks) Volume Revenue Volume Revenue Strategic Retail 2.7% -2.7% 2.2% -4.1% % Change 13 Weeks vs.prior Year % Change 26 Weeks vs. Prior Year Volume Revenue Volume Revenue 4/10/10 Nielsen Data (Grocery and Mass Merchant) 0.6% -2.0% 1.1% -1.3% Non-Strategic Brands essentially withdrawn from the market. Optimize Foodservice & Ingredient Contribution Institutional margins growing but volume declining: Volume down 10.3% Q2 10 vs. Q2 09, and 10.3% YTD 10 vs. YTD 09 8
10 Store Brand Better for You Pastas Fast Following 9
11 Pasta Promotion, Brand Positioning & Pasta Meal Solution Examples 10
12 Durum Wheat Discussion Large North American crop last fall current supply still high Lower southwest desert plantings down 33% according to the USDA Expecting plantings to be lower in Canada USDA durum loan rate could provide incentive to plant European acreage forecasted to be similar to last year Potential increased exports According to the USDA 24M bushels of durum were exported in the crop year (June 1st to May 31st) The USDA is projecting 50M bushels of durum exports in the crop year Prices have stabilized over the last 4 months 11
13 Financial Highlights Quarter Ended Apr. 2, 2010 Apr. 3, 2009 (13 Weeks) (13 Weeks) Change Gross Profit $ 53,297 $ 44,161 21% Operating Profit $ 36,928 $ 28,509 30% EBT $ 35,903 $ 24,482 47% EBITDA $ 43,484 $ 34,682 25% EBITDA Margin 29.8% 21.4% 8.4 pts Year-to-date Ended Apr. 2, 2010 Apr. 3, 2009 (26 Weeks) (27 Weeks) Change Gross Profit $ 103,261 $ 93,005 11% Operating Profit $ 70,858 $ 60,989 16% EBT $ 68,067 $ 50,989 34% EBITDA $ 83,605 $ 73,549 14% EBITDA Margin 28.4% 22.1% 6.3 pts EBITDA Reconciliation Quarter Ended TTM Ended Year Ended Apr. 2, 2010 Jan. 1, 2010 Oct. 2, 2009 Jul. 3, 2009 Apr. 2, 2010 Oct. 2, 2009 (13 Weeks) (13 Weeks) (13 Weeks) (13 Weeks) (52 Weeks) (53 Weeks) Net Income $ 23,235 $ 20,699 $ 15,832 $ 20,232 $ 79,998 $ 88,288 Interest Expense, Net 1,290 1,776 3,517 3,034 9,617 16,499 Income Tax 12,668 11,465 4,159 5,710 34,002 8,633 Depreciation & Amortization 6,291 6,181 6,155 6,219 24,846 24,987 EBITDA $ 43,484 $ 40,121 $ 29,663 $ 35,195 $ 148,463 $ 138,406 EBITDA Margin 29.8% 26.9% 19.9% 24.2% 25.2% 22.0% 12
14 Revenue Detail % Change % Change Q2'10 (13 Weeks) YTD'10 (26 Weeks) vs. Q2'09 (13 Weeks) vs. YTD'09 (27 Weeks) % Change YTD'10 vs. YTD'09 Weekly Average Basis * Volume Revenue Volume Revenue Volume Revenue Strategic Retail 2.7% -2.7% 2.2% -4.1% 6.1% -0.4% Non-Strategic AIPC Brands -71.1% -75.0% -72.6% -75.4% -71.6% -74.5% Total Retail -2.5% -8.5% -2.9% -9.6% 0.8% -6.1% Institutional Channels -10.3% -16.1% -10.3% -19.2% -6.9% -16.1% Total Company -4.7% -10.1% -4.9% -11.6% -1.3% -8.2% Total Company Excluding Non-Strategic AIPC Brands -1.2% -5.7% -1.3% -7.4% 2.5% -3.9% % Change 13 Weeks vs.prior Year % Change 26 Weeks vs. Prior Year 4/10/10 Nielsen Data (Grocery and Mass Merchant) 0.6% -2.0% 1.1% -1.3% * The Weekly Averages are simply dividing YTD 09 by 27 and the YTD 10 by
15 Statement of Operations in Thousands Quarter Ended Year-to-date Ended Apr. 2, 2010 Apr. 3, 2009 Apr. 2, 2010 Apr. 3, 2009 (13 Weeks) (13 Weeks) (26 Weeks) (27 Weeks) Revenues $ 145,904 $ 162,325 $ 294,850 $ 333,531 Cost of goods sold 92, , , ,526 Gross profit 53,297 44, ,261 93,005 % of Revenue 36.5% 27.2% 35.0% 27.9% Selling and marketing expense 6,955 7,290 14,203 14,654 General and administrative expense 9,174 8,104 17,857 16,757 Losses related to long-lived assets Operating profit 36,928 28,509 70,858 60,989 % of Revenue 25.3% 17.6% 24.0% 18.3% Interest expense, net 1,290 4,070 3,066 9,948 Other (income)/expense, net (265) (43) (275) 52 Income before income taxes 35,903 24,482 68,067 50,989 % of Revenue 24.6% 15.1% 23.1% 15.3% Income tax expense/(benefit) 12,668 (1,714) 24,133 (1,235) Net income $ 23,235 $ 26,196 $ 43,934 $ 52,224 % of Revenue 15.9% 16.1% 14.9% 15.7% Earnings per common share Net income per common share $1.09 $1.27 $2.07 $2.56 Weighted-average common shares outstanding 21,372 20,598 21,209 20,421 Earnings per common share - assuming dilution Net income per common share $1.05 $1.21 $2.00 $2.44 Weighted-average common shares outstanding (including dilutive securities) 22,114 21,583 21,977 21,365 14
16 Non-GAAP Tax Adjusted 2009 Earnings in Thousands Quarter Ended Year-to-date Ended Apr. 2, 2010 Apr. 3, 2009 Apr. 2, 2010 Apr. 3, 2009 (13 Weeks) (1) (13 Weeks) (26 Weeks) (1) (27 Weeks) Reported income before taxes $ 35,903 $ 24,482 $ 68,067 $ 50,989 Income tax expense 12,668 8,638(2) 24,133 18,078(2) Adjusted net income $ 23,235 $ 15,844(3) $ 43,934 $ 32,911(3) Adjusted earnings per common share - assuming dilution Adjusted net income per common share $1.05 (1) $0.73 (4) (1) $2.00 $1.54(4) Weighted-average common shares outstanding (including dilutive securities) 22,114 21,583 21,977 21,365 (1) 2010 numbers are GAAP numbers as reported, without adjustment (2) Prior year tax calculated at the current year rate and excludes certain tax benefit items (3) Non-GAAP adjusted net income (4) Non-GAAP adjusted earnings per share (diluted) Reconciliation of Non-GAAP Measures Quarter Ended Year-to-date Ended Apr. 3, 2009 (13 Weeks) Apr. 3, 2009 (27 Weeks) $ Diluted EPS $ Diluted EPS Adjusted net income and diluted EPS $ 15,844 $0.73 $ 32,911 $1.54 Plus: Non-GAAP income tax expense 8,638 $ ,078 $0.84 Reported income before taxes $ 24,482 $ 50,989 Plus: Reported income tax benefit 1,714 $0.08 1,235 $0.06 Reported net income and diluted EPS $ 26,196 $1.21 $ 52,224 $
17 Balance Sheet in Thousands Balances as of Apr. 2, 2010 Oct. 2, 2009 Cash and cash equivalents $ 35,669 $ 30,959 Trade and other receivables, net 42,970 45,828 Income tax receivable 6,712 - Inventories 41,424 50,996 Other current assets 8,062 6,372 Deferred income taxes 11,147 22,202 Total current assets 145, ,357 Property, plant and equipment, net 280, ,212 Brands 78,110 79,074 Other assets 2,645 3,420 Total assets $ 507,609 $ 530,063 Accounts payable 18,681 29,852 Accrued expenses 21,952 24,147 Current maturities of long-term debt 45,000 5,900 Total current liabilities 85,633 59,899 Long-term debt, less current maturities - 104,100 Deferred income taxes 55,633 52,972 Other long-term liabilities 3,401 5,676 Total stockholders' equity 362, ,416 Total liabilities and stockholders' equity $ 507,609 $ 530,063 16
18 Cash Flow in Thousands Year-to-date Ended Apr. 2, 2010 Apr. 3, 2009 (26 Weeks) (27 Weeks) Operating Activities: Net income $ 43,934 $ 52,224 Non-cash adjustments 23,887 10,177 Changes in operating assets and liabilities (1,821) (2,736) Net cash provided by operating activites 66,000 59,665 Investing Activities: Additions to property, plant and equipment (5,969) (5,674) Other 18 1,328 Net cash (used in) investing activities (5,951) (4,346) Financing Activities: Principal payments on debt (65,000) (41,705) Excess tax benefit related to share-based compensation 7,496 6,540 Other 2,535 (92) Net cash (used in) financing activities (54,969) (35,257) Effect of exchange rate changes on cash (370) (361) Net increase in cash and cash equivalents $ 4,710 $ 19,701 Cash and cash equivalents, beginning of period 30,959 38,623 Cash and cash equivalents, end of period $ 35,669 $ 58,324 17
19 Questions & Answers
Q UPDATE. November 1, 2018
Q3 2018 UPDATE November 1, 2018 SAFE HARBOR STATEMENT This webcast presentation contains a number of forward-looking statements. Words such as "enhance, "encouraged," "believe," confident, feel, "position,"
More informationDean Foods Third Quarter 2008 Earnings Report. November 4, 2008
Dean Foods Third Quarter 2008 Earnings Report November 4, 2008 Forward Looking Statements The following statements made in this presentation are forward looking and are made pursuant to the safe harbor
More information2Q17 EARNINGS PRESENTATION NYSE: DOOR
2Q17 EARNINGS PRESENTATION NYSE: DOOR Safe Harbor / Non-GAAP Financial Measures SAFE HARBOR / FORWARD LOOKING STATEMENT This investor presentation contains forward-looking information and other forward-looking
More information2018 Second Quarter Earnings Call. May 8, 2018
2018 Second Quarter Earnings Call May 8, 2018 Forward Looking Statements / Non-GAAP Measures This presentation contains information about management's view of the Company's future expectations, plans and
More informationGENERAL MILLS. Fiscal 2018 Third Quarter Results. March 21, 2018
GENERAL MILLS Fiscal 2018 Third Quarter Results March 21, 2018 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities
More informationFirst Quarter 2010 Earnings Conference Call. 17 February 2010
First Quarter 2010 Earnings Conference Call 17 February 2010 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More informationACCO Brands Corporation Fourth Quarter 2008 Earnings Call. February 27, 2009
ACCO Brands Corporation Fourth Quarter 2008 Earnings Call February 27, 2009 Forward-Looking Statement & Reg. G This presentation contains statements which may constitute "forward-looking" statements as
More informationMcCormick & Company, Inc. 3rd Quarter 2017 Financial Results and Outlook September 28, 2017
McCormick & Company, Inc. 3rd Quarter 2017 Financial Results and Outlook September 28, 2017 1 The following slides accompany a September 28, 2017 earnings release conference call. This information should
More informationQ Transformation Update & Financial Results May 26, 2016
Q1 2016 Transformation Update & Financial Results May 26, 2016 a Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements, including statements about
More informationCDW CORPORATION. Second Quarter 2014 Webcast Conference Call. July 31, investor.cdw.com
CDW CORPORATION Second Quarter 2014 Webcast Conference Call July 31, 2014 www.cdw.com investor.cdw.com AGENDA 2nd Quarter Results Key Performance Drivers Financial Results Outlook Questions and Answers
More informationFirst Quarter 2018 Results & Outlook. May 3, 2018
First Quarter 2018 Results & Outlook May 3, 2018 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
More informationA Transformation NASDAQ: LCUT March 2018
A Transformation NASDAQ: LCUT www.lifetimebrands.com March 2018 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including statements concerning Lifetime s future prospects
More informationINVESTOR PRESENTATION Henry Demone, CEO; Paul Jewer, CFO Heather Keeler-Hurshman, Investor Relations. November 2014
INVESTOR PRESENTATION Henry Demone, CEO; Paul Jewer, CFO Heather Keeler-Hurshman, Investor Relations November 2014 Disclaimer Certain statements made in this presentation are forward-looking and are subject
More informationMar. 31, Jun. 30, 2017
Consolidated GAAP Statements of Operations ($ in thousands, except EPS) March 31, ended Net Revenues $921,580 $1,059,429 $1,134,224 $191,972 $209,032 $195,443 $593,755 $1,190,202 $199,725 Consumer 870,959
More informationPinnacle Foods Reports Strong 1st Quarter Fiscal 2017 Results Company Reaffirms Guidance for the Year
Pinnacle Foods Reports Strong 1st Quarter Fiscal Results Company Reaffirms Guidance for the Year Parsippany, NJ, April 27, - Pinnacle Foods Inc. (NYSE: PF) today reported strong results for the first quarter
More informationINVESTOR PRESENTATION - RBC CAPITAL MARKETS PAUL JEWER, EVP & CFO
INVESTOR PRESENTATION - RBC CAPITAL MARKETS KEITH DECKER, PRESIDENT & CEO PAUL JEWER, EVP & CFO HEATHER KEELER-HURSHMAN, VP, IR November 2016 DISCLAIMER: Certain statements made in this presentation are
More informationFounded on food, focused on service.
Founded on food, focused on service. Q3 FY2016 Earnings Call May 4, 2016 Forward Looking Statements This presentation includes, and our response to various questions may include, certain forward looking
More informationIt s made for Sleep. It s a Sealy.
TM It s made for Sleep. It s a Sealy. Forward-Looking Statements This document contains forward-looking statements within the meaning of the safe harbor provisions of the Securities Litigation Reform Act
More informationJefferies Consumer Summit 2018
Jefferies Consumer Summit 2018 FORWARD LOOKING STATEMENTS Statements made in this presentation that look forward in time or that express management s beliefs, expectations or hopes are forward-looking
More informationPinnacle Foods Reports Second Quarter Fiscal 2017 Results Company Maintains Full Year Guidance at Low End of Range
Pinnacle Foods Reports Second Quarter Fiscal 2017 Results Company Maintains Full Year Guidance at Low End of Range Parsippany, NJ, July 27, 2017 - Pinnacle Foods Inc. (NYSE: PF) today reported its financial
More informationFederal Signal Q Earnings Call August 7, Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer
Federal Signal Q2 2018 Earnings Call August 7, 2018 Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer Safe Harbor This presentation contains unaudited financial
More informationGENERAL MILLS FISCAL 2019 SECOND-QUARTER EARNINGS DECEMBER 19, 2018
GENERAL MILLS FISCAL 2019 SECOND-QUARTER EARNINGS DECEMBER 19, 2018 1 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities
More informationForward-Looking Statements
William Blair & Company 27 th Annual Growth Stock Conference June 20, 2007 0 Forward-Looking Statements This presentation contains forward-looking statements that are subject to a number of risks and uncertainties,
More informationFirst Quarter 2015 Earnings. May 11, 2015
First Quarter 2015 Earnings May 11, 2015 1 Forward-Looking Statements Some of the statements made in this presentation are forward-looking and are made pursuant to the safe harbor provision of the Private
More informationMcCormick & Company, Inc. 4th Quarter 2018 Financial Results and 2019 Outlook
McCormick & Company, Inc. 4th Quarter 2018 Financial Results and 2019 Outlook January 24 th 2019 The following slides accompany a January 24 th 2019, earnings release conference call. This information
More informationKraft Foods. Deutsche Bank Global Consumer Conference. June 19, 2012
Kraft Foods Deutsche Bank Global Consumer Conference June 19, 2012 Forward-looking statements This presentation contains a number of forward-looking statements. The words drive, build, focus, manage, aim,
More informationOur Transformation Continues. March 21, 2018
Our Transformation Continues March 21, 2018 Disclosure Regarding Forward-Looking Statements Forward-Looking Statements and Factors That May Affect Future Results: Throughout this presentation, we make
More informationation erials nt Mat ese Pr or lementalestvin Supp
Supplemental Investor Presentation Materials DENTSPLY International, Inc. Third Quarter 2014 Earnings Supplemental Materials October 29, 2014 2 Forward Looking Statements This presentation contains forward-looking
More informationGENERAL MILLS. Fiscal 2018 Fourth Quarter and Full-year Results. June 27, 2018
GENERAL MILLS Fiscal 2018 Fourth Quarter and Full-year Results June 27, 2018 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private
More informationInvestors: Michael D. Neese VP, Investor Relations (804)
NEWS RELEASE For Immediate Release August 17, 2016 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737
More informationGeneral Mills. Fiscal rd Quarter Results. March 19,
General Mills Fiscal 2014 3 rd Quarter Results March 19, 2014 6582-1 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that
More informationReconciliation of Non-GAAP Financial Measures. Adjusted Operating Income Reconciliation
Reconciliation of Non-GAAP Financial Measures Adjusted Operating Income Reconciliation Adjusted operating income is not a measure of financial performance under generally accepted accounting principles
More informationQ Earnings Call February 20, 2019
Q4 2018 Earnings Call February 20, 2019 1 Forward-looking statements Safe Harbor Statement This release contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies,
More information2015 Fourth-Quarter and Fiscal Year Performance
205 Fourth-Quarter and Fiscal Year Performance Financial Results and Company Highlights March 5, 206 Disclaimers Forward-Looking Statements This presentation includes forward-looking statements within
More informationQ2 FY18 Earnings Release Supplemental Material March 5, 2018
Q2 FY18 Earnings Release Supplemental Material March 5, 2018 Safe Harbor Statement Certain statements made within this presentation may constitute forward-looking statements within the meaning of the Private
More informationCALAVO GROWERS, INC. ANNOUNCES RECORD FISCAL 2015 SECOND QUARTER RESULTS
For: Contact: Calavo Growers, Inc. Lee E. Cole Chairman, President and CEO (805) 525-1245 CALAVO GROWERS, INC. ANNOUNCES RECORD FISCAL 2015 SECOND QUARTER RESULTS --------------- Second Quarter Highlights
More information(Registration no C) (Registration no C) Financial Results. (unaudited) 11 November 2009
3 rd Quarter and 9-Month 9 2009 Financial Results (unaudited) 11 November 2009 1 Important note on forward looking statements The presentation herein may contain forward looking statements by the management
More informationMay 2017 Investor Meetings
May 2017 Investor Meetings Safe Harbor Statement This presentation includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation
More informationGENERAL MILLS FISCAL 2019 THIRD-QUARTER EARNINGS MARCH 20, 2019
GENERAL MILLS FISCAL 2019 THIRD-QUARTER EARNINGS MARCH 20, 2019 1 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities
More informationA Reminder on Forward-looking Statements
A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management s
More informationMcCormick & Company, Inc. 2 nd Quarter 2018 Financial Results and Outlook
McCormick & Company, Inc. 2 nd Quarter 2018 Financial Results and Outlook June 28, 2018 The following slides accompany a June 28, 2018, earnings release conference call. This information should be read
More informationSecond Quarter 2011 Earnings Conference Call. 18 May 2011
Second Quarter 2011 Earnings Conference Call 18 May 2011 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the
More informationForward-Looking Statements
Investor Presentation January 2007 Ed Clark President & CEO TD Bank Financial Group Forward-Looking Statements From time to time, the Bank makes written and oral forward-looking statements, including in
More information2016 Fourth-Quarter and Fiscal Year Performance
206 Fourth-Quarter and Fiscal Year Performance Financial Results and Company Highlights March 4, 207 Disclaimers Forward-Looking Statements and Preliminary Results This presentation includes forward-looking
More informationMcCormick to Acquire Reckitt Benckiser s Food Division. Investor Presentation / July 19, 2017
McCormick to Acquire Reckitt Benckiser s Food Division Investor Presentation / July 19, 2017 Forward-looking information Certain information contained in this presentation and our remarks that are not
More informationHerbalife Ltd. Announces Record Fourth-Quarter and Full Year Results
Herbalife Ltd. Announces Record Fourth-Quarter and Full Year Results Full Year 2007 Net Sales Increase 13.8 Percent to $2.1 Billion LOS ANGELES--(BUSINESS WIRE)--Feb. 26, 2008--Herbalife Ltd. (NYSE: HLF)
More informationGENERAL MILLS FISCAL 2019 FIRST-QUARTER EARNINGS SEPTEMBER 18, 2018
GENERAL MILLS FISCAL 2019 FIRST-QUARTER EARNINGS SEPTEMBER 18, 2018 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities
More informationForward-Looking Statements
Investor Presentation January 2007 Ed Clark President & CEO TD Bank Financial Group Forward-Looking Statements From time to time, the Bank makes written and oral forward-looking statements, including in
More informationMYERS INDUSTRIES, INC. Third Quarter 2018 Earnings Presentation
MYERS INDUSTRIES, INC. Third Quarter 2018 Earnings Presentation SAFE HARBOR STATEMENT & NON-GAAP MEASURES Statements in this presentation include forward-looking statements within the meaning of the Private
More information2016 INVESTOR MEETINGS FIRST QUARTER 2016 WHIRLPOOL CORPORATION
2016 INVESTOR MEETINGS FIRST QUARTER 0 FIRST-QUARTER INVESTOR MEETINGS WHIRLPOOL CORPORATION ADDITIONAL INFORMATION This Presentation contains forward-looking statements about Whirlpool Corporation and
More informationCautionary Statement Regarding Forward-Looking Statements
January 2018 Cautionary Statement Regarding Forward-Looking Statements Forward Looking Statements: Certain statements are forward-looking statements made pursuant to the safe harbor provisions of the Private
More informationMcCormick & Company, Inc. Fourth quarter 2010 financial results and business outlook January 26, 2011
McCormick & Company, Inc. Fourth quarter 2010 financial results and business outlook January 26, 2011 The following slides accompany a January 26, 2011 presentation to investment analysts. This information
More informationKellogg Company THIRD QUARTER 2017 FINANCIAL RESULTS October 31, 2017
Kellogg Company THIRD QUARTER 2017 FINANCIAL RESULTS October 31, 2017 Forward-Looking Statements This presentation contains, or incorporates by reference, forward-looking statements with projections concerning,
More information4th Quarter 2018 Earnings. Investor Presentation February 27, 2019
4th Quarter 2018 Earnings Investor Presentation February 27, 2019 DISCLAIMER Forward Looking Statements This investor presentation contains statements reflecting our views about the future performance
More informationEarnings Conference Call Third Quarter 2016 October 28, :00 am ET
Earnings Conference Call Third Quarter 2016 October 28, 2016 9:00 am ET Today s Presenters Kim Ann Mink, Ph.D. Chief Executive Officer and President Han Kieftenbeld SVP and Chief Financial Officer 2 Safe
More informationQ Earnings. Webcast Presentation August 2, 2018
Q2 2018 Earnings Webcast Presentation August 2, 2018 2 Q2 2018 Earnings Webcast 8/2/18 Safe Harbor Statement All statements made herein that are not historical facts should be considered as forward-looking
More informationMcCormick - A taste for the future. Wachovia Consumer Growth Conference October 15, 2008
McCormick - A taste for the future Wachovia Consumer Growth Conference October 15, 2008 Forward-Looking Information Certain information contained in these materials and our remarks, including expected
More informationBAML 2018 Leveraged Finance Conference Presentation. December 4, 2018
BAML 2018 Leveraged Finance Conference Presentation December 4, 2018 Disclaimer Forward-Looking Statement Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933
More informationPACCAR Inc SUMMARY STATEMENTS OF OPERATIONS (in millions except per share amounts)
SUMMARY STATEMENTS OF OPERATIONS (in millions except per share amounts) Three Months Ended September 30 Nine Months Ended September 30 Net sales and revenues $ 4,731.5 $ 3,953.2 $ 13,065.1 $ 12,079.6 Cost
More informationAdjusted EBITDA increased 38.3% to $19.5 million as compared to $14.1 million 1 in the comparable period in fiscal 2017;
BOB EVANS REPORTS FIRST QUARTER FY 2018 RESULTS AND RAISES GUIDANCE First quarter net sales increase 27.1% to $109.3 million as compared to $85.9 million 1 in the comparable period in fiscal 2017; net
More informationKen Parks Senior Vice President and Chief Financial Officer. Vertical Research Partners Conference Westbrook, CT September 3, 2014
Ken Parks Senior Vice President and Chief Financial Officer Vertical Research Partners Conference Westbrook, CT September 3, 2014 Safe Harbor Statement Note: All statements made herein that are not historical
More informationQ4 FY18 Earnings Release Supplemental Material September 24, 2018
Q4 FY18 Earnings Release Supplemental Material September 24, 2018 1 Safe Harbor Statement Certain statements made within this presentation may constitute forward-looking statements within the meaning of
More informationTHIRD QUARTER 2018 REVIEW & INVESTOR OVERVIEW NOVEMBER 8, 2018
THIRD QUARTER 2018 REVIEW & INVESTOR OVERVIEW NOVEMBER 8, 2018 REGARDING FORWARD-LOOKING STATEMENTS Statements contained in this press release that are not historical facts are forward-looking statements.
More informationFarmer Brothers Acquisition of Boyd Coffee Company
Farmer Brothers Acquisition of Boyd Coffee Company 08.09.17 V.2 Investor Presentation August 22, 2017 FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation are not based on historical
More informationCALAVO GROWERS, INC. ANNOUNCES RECORD FISCAL 2016 THIRD QUARTER RESULTS
For: Contact: Calavo Growers, Inc. Lee E. Cole Chairman and CEO (805) 525-1245 CALAVO GROWERS, INC. ANNOUNCES RECORD FISCAL 2016 THIRD QUARTER RESULTS --------------- Third Quarter Highlights Include:
More informationAdjusted EBITDA decreased 1.9 percent to $17.7 million as compared to $18.0 million 1 in the comparable period in fiscal 2017;
BOB EVANS REPORTS SECOND QUARTER FY 2018 RESULTS Net sales increase 22.3 percent to $117.6 million compared to $96.2 million 1 in the comparable period in fiscal 2017; net sales increased 6.2 percent excluding
More informationF I N A N C I A L O V E R V I E W. JOHN KINZER Chief Financial Officer
F I N A N C I A L O V E R V I E W JOHN KINZER Chief Financial Officer 1 Important Information This presentation includes certain forward-looking statements" within the meaning of the Private Securities
More informationFebruary 11, Whole Foods Market, Inc. (NASDAQ: WFM) today reported results for the 16-week first quarter ended January 18, 2015.
Whole Foods Market Delivers Record Q1 Sales and EPS Comparable Store Sales Increase 4.5%, Accelerating on a One- and Two-Year Basis due Primarily to Traffic Growth; Sales Increase 10% to Record $4.7 billion;
More informationQ4 & Full Year Transformation Update & Financial Results February 2015
Q4 & Full Year 2014 Transformation Update & Financial Results February 2015 a Agenda Introduction Opening Remarks Financial Results Rob Schriesheim Chief Financial Officer Eddie Lampert Chairman & Chief
More informationOur Transformation Continues Sidoti NDR May 29-30, 2018
Our Transformation Continues Sidoti NDR May 29-30, 2018 Disclosure Regarding Forward-Looking Statements Forward-Looking Statements and Factors That May Affect Future Results: Throughout this presentation,
More informationQ4 AND FULL YEAR 2017 UPDATE FEBRUARY 16, 2018
Q4 AND FULL YEAR 2017 UPDATE FEBRUARY 16, 2018 SAFE HARBOR STATEMENT Forward-looking Statements This webcast presentation contains a number of forward-looking statements. Words such as gain, drive, invest,
More informationDean Foods. May 2015
Dean Foods May 2015 1 Forward-Looking Statements Some of the statements made in this presentation are forward-looking and are made pursuant to the safe harbor provision of the Private Securities Litigation
More informationBuilding a Platform for Growth. December 2016
Building a Platform for Growth December 2016 Forward Looking Statements This presentation includes forward-looking statements about the plans, strategies, objectives, goals or expectations of SpartanNash
More informationNCI Building Systems CFO Commentary on Fourth Quarter 2015 Fiscal Year Results
NCI Building Systems CFO Commentary on Fourth Quarter 2015 Fiscal Year Results Summary The fourth quarter 2015 results compared to last year s fourth quarter were as follows: Revenue of $459.8 million
More informationJack in the Box Inc. Reports First Quarter FY 2015 Earnings; Updates Guidance for FY 2015
Investor Contact: Carol DiRaimo, (858) 571-2407 FOR IMMEDIATE RELEASE Media Contact: Brian Luscomb, (858) 571-2291 Jack in the Box Inc. Reports First Quarter FY 2015 Earnings; Updates Guidance for FY 2015
More informationDOMTAR CORPORATION THIRD QUARTER 2018 EARNINGS CALL November 1st, 2018
DOMTAR CORPORATION THIRD QUARTER 2018 EARNINGS CALL November 1st, 2018 (All financial information is in U.S. dollars, and all earnings per share results are diluted, unless otherwise noted.) SAFE HARBOR
More informationPolyOne Investor Presentation KeyBanc 2014 Basic Materials & Packaging Conference Boston, MA September 10, 2014
PolyOne Investor Presentation KeyBanc 2014 Basic Materials & Packaging Conference Boston, MA September 10, 2014 PolyOne Corporation Page 1 Forward-Looking Statements In this presentation, statements that
More informationCompany raises fiscal year 2016 non-gaap diluted EPS guidance range from $1.85 to $2.00, to $1.90 to $2.00
BOB EVANS REPORTS FISCAL 2016 THIRD-QUARTER RESULTS Q3 2016 net sales total $346.5 million. GAAP and non-gaap net income (1) of $0.62 per diluted share, represents an increase of 148 percent and 3 percent,
More informationSYSCO REPORTS SECOND QUARTER FISCAL 2019 RESULTS. The Company delivered results in line with expectations
SYSCO REPORTS SECOND QUARTER FISCAL 2019 RESULTS The Company delivered results in line with expectations HOUSTON, February 4, 2019 - Sysco Corporation (NYSE: SYY) today announced financial results for
More informationCOMPANY OVERVIEW MARCH 2018
COMPANY OVERVIEW MARCH 2018 REGARDING FORWARD-LOOKING STATEMENTS Statements contained in this press release that are not historical facts are forward-looking statements. Forward-looking statements relate
More informationOctober 27, 2015 Media Contact: Dan Turner WILMINGTON, Del Investor Contact:
October 27, 2015 Media Contact: Dan Turner WILMINGTON, Del. 302-996-8372 daniel.a.turner@dupont.com Investor Contact: 302-774-4994 DuPont Reports 3Q Operating EPS of $0.13; YTD Operating EPS of $2.49 Cost
More information3Q 2017 Earnings Call November 10, :00am ET
2017 Earnings Call November 10, 2017 8:00am ET 1 Safe Harbor Statement Certain statements made within this presentation contain forward-looking statements, within the meaning of the Private Securities
More informationFirstService Corporation
FirstService Corporation Investor Presentation November 2017 Forward Looking Statements Certain statements included herein constitute forward looking statements within the meaning of the U.S. Private Securities
More informationFourth Quarter and FY 2017 Earnings. February 26, 2018
Fourth Quarter and FY 2017 Earnings February 26, 2018 Forward Looking Statements Some of the statements made in this presentation are forward-looking and are made pursuant to the safe harbor provision
More informationQ2 Fiscal 2017 Earnings Commentary
Q2 Fiscal 2017 Earnings Commentary August 31, 2017 The financial measures discussed below include both GAAP and adjusted non-gaap financial measures. In connection with the restructuring of its ivivva
More informationThird Quarter 2017 Earnings Conference Call
Third Quarter 2017 Earnings Conference Call NOVEMBER 2, 2017 Quarterly Presentation 2017 1 Forward Looking Statements and Non-GAAP Measures Safe Harbor Statement: This presentation includes forward-looking
More informationQ3 and Nine Months 2018 Results. October 2018
Q3 and Nine Months 2018 Results October 2018 1 SAFE HARBOR STATEMENT Forward Looking Statements In addition to historical information, this earnings presentation contains "forward-looking" statements that
More informationInvestor Presentation. March 2016
Investor Presentation March 2016 Safe Harbor Statement This presentation includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation
More informationFourth Quarter Earnings Presentation. March 29, 2016
Fourth Quarter Earnings Presentation March 29, 2016 Safe Harbor Agreement This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
More informationForward-Looking Statements
JPM-0807 1 Forward-Looking Statements Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These
More informationFOURTH QUARTER 2017 EARNINGS PRESENTATION FEBRUARY 8, 2018
FOURTH QUARTER 2017 EARNINGS PRESENTATION FEBRUARY 8, 2018 REGARDING FORWARD-LOOKING STATEMENTS Statements contained in this press release that are not historical facts are forward-looking statements.
More informationForward looking statements and non-gaap measures
February 27, 2018 Forward looking statements and non-gaap measures Caution Regarding Forward-Looking Statements This presentation contains forward-looking statements and forward-looking information within
More informationCLEARWATER PAPER CORPORATION
CLEARWATER PAPER CORPORATION SECOND QUARTER 2018 SUPPLEMENTAL INFORMATION 08/01/18 LINDA MASSMAN PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR JOHN HERTZ SENIOR VICE PRESIDENT FINANCE AND CHIEF FINANCIAL
More informationThird Quarter 2016 Supplementary Slides
Third Quarter 2016 Supplementary Slides November 9, 2016 2016 SunPower Corporation 2016 SunPower Corporation 1 Safe Harbor Statement This presentation contains forward-looking statements within the meaning
More informationThe J. M. Smucker Company
The J. M. Smucker Company Fourth Quarter Fiscal 2018 Earnings SUPPLEMENTARY INFORMATION June 7, 2018 Consolidated Results ($ in millions, except per share data) FY18 Q4 FY17 Q4 YoY Change Net Sales $1,781
More informationGeneral Mills. Fiscal 2016 First Quarter Results
General Mills Fiscal 2016 First Quarter Results A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationPinnacle Foods Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K ý CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest
More informationSysco Fiscal 4Q15 and Fiscal 2015 Financial Results. August 10, 2015
Sysco Fiscal 4Q15 and Fiscal 2015 Financial Results August 10, 2015 Forward-Looking Statements Statements made in this press release or in our earnings call for the third quarter of fiscal 2015 that look
More informationJack in the Box Inc. Reports Third Quarter FY 2015 Earnings; Updates Guidance for FY 2015; Declares Quarterly Cash Dividend
Investor Contact: Carol DiRaimo, (858) 571-2407 FOR IMMEDIATE RELEASE Media Contact: Brian Luscomb, (858) 571-2291 Reports Third Quarter FY Earnings; Updates Guidance for FY ; Declares Quarterly Cash Dividend
More informationPACCAR Inc SUMMARY STATEMENTS OF OPERATIONS (in millions except per share amounts) Three Months Ended
PACCAR Inc SUMMARY STATEMENTS OF OPERATIONS (in millions except per share amounts) Truck, Parts and Other: Net sales and revenues $ 5,122.4 $ 3,767.0 $ 18,187.5 $ 15,846.6 Cost of sales and revenues 4,409.5
More information