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Lamb Weston | 10-Q: Quarterly report

Lamb Weston | 10-Q:季度报表

SEC announcement ·  01/04 13:00
牛牛AI助手已提取核心信息
Lamb Weston, a leading global producer and distributor of value-added frozen potato products, reported a significant increase in net sales and earnings for the second quarter of fiscal 2024. Net sales surged by 36% to $1,732.1 million, driven by the consolidation of financial results from the LW EMEA acquisition and inflation-driven pricing actions. The North America segment saw a 10% increase in net sales, while the International segment experienced a 164% rise, largely due to the LW EMEA consolidation. Adjusted EBITDA grew by 15% to $376.9 million, despite a $70.9 million charge for excess raw potatoes. The company generated $455.2 million in net cash from operating activities, marking a $167.2 million increase from the previous year. Lamb Weston's strategic business developments included the operational commencement of a...Show More
Lamb Weston, a leading global producer and distributor of value-added frozen potato products, reported a significant increase in net sales and earnings for the second quarter of fiscal 2024. Net sales surged by 36% to $1,732.1 million, driven by the consolidation of financial results from the LW EMEA acquisition and inflation-driven pricing actions. The North America segment saw a 10% increase in net sales, while the International segment experienced a 164% rise, largely due to the LW EMEA consolidation. Adjusted EBITDA grew by 15% to $376.9 million, despite a $70.9 million charge for excess raw potatoes. The company generated $455.2 million in net cash from operating activities, marking a $167.2 million increase from the previous year. Lamb Weston's strategic business developments included the operational commencement of a new facility in China and ongoing expansion projects in Idaho, Argentina, and the Netherlands. The company also began transitioning to a new ERP system. Looking ahead, Lamb Weston anticipates net sales and earnings growth in fiscal 2024, with pricing actions expected to drive sales despite potential volume pressures from strategic customer and product mix management. The company remains confident in the long-term growth of the frozen potato category and its position to drive sustainable, profitable growth.
全球领先的增值冷冻马铃薯产品生产商和分销商兰姆·韦斯顿报告称,2024财年第二季度的净销售额和收益大幅增长。净销售额激增了36%,至17.321亿美元,这得益于收购LW EMEA的财务业绩以及通货膨胀驱动的定价行动。北美板块的净销售额增长了10%,而国际板块的净销售额增长了164%,这主要是由于LW EMEA的整合。尽管对多余的生马铃薯收取了7,090万美元的费用,但调整后的息税折旧摊销前利润增长了15%,达到3.769亿美元。该公司通过经营活动创造了4.552亿美元的净现金,比上年增长了1.672亿美元。Lamb Weston的战略业务发展包括中国新工厂的投产以及爱达荷州、阿根廷和荷兰正在进行的扩建项目。该公司还开始过渡到新的ERP系统。展望未来,兰姆·韦斯顿预计,2024财年的净销售额和收益将增长,尽管战略客户和产品组合管理可能带来销量压力,但定价行动预计将推动销售。该公司对冷冻马铃薯类别的长期增长及其推动可持续盈利增长的地位仍然充满信心。
全球领先的增值冷冻马铃薯产品生产商和分销商兰姆·韦斯顿报告称,2024财年第二季度的净销售额和收益大幅增长。净销售额激增了36%,至17.321亿美元,这得益于收购LW EMEA的财务业绩以及通货膨胀驱动的定价行动。北美板块的净销售额增长了10%,而国际板块的净销售额增长了164%,这主要是由于LW EMEA的整合。尽管对多余的生马铃薯收取了7,090万美元的费用,但调整后的息税折旧摊销前利润增长了15%,达到3.769亿美元。该公司通过经营活动创造了4.552亿美元的净现金,比上年增长了1.672亿美元。Lamb Weston的战略业务发展包括中国新工厂的投产以及爱达荷州、阿根廷和荷兰正在进行的扩建项目。该公司还开始过渡到新的ERP系统。展望未来,兰姆·韦斯顿预计,2024财年的净销售额和收益将增长,尽管战略客户和产品组合管理可能带来销量压力,但定价行动预计将推动销售。该公司对冷冻马铃薯类别的长期增长及其推动可持续盈利增长的地位仍然充满信心。

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