$LNCE (Snyder's-Lance, Inc.)

$LNCE {{ '2016-08-09T11:22:45+0000' | timeago}} • Announcement

Snack maker $LNCE reported a rise in 2Q16 earnings driven by manufacturing efficiencies and improved capacity utilization and procurement savings. Net income rose to $19.68MM from $17.33MM last year, while EPS slid to $0.20 from $0.24, due to higher weighted average diluted shares outstanding. Adjusted EPS increased to $0.28 from $0.27.

$LNCE {{ '2017-06-28T15:14:37+0000' | timeago}} • Announcement

$LNCE's BoD appointed Brian Driscoll as its President and CEO. Driscoll has been serving as its Interim President and CEO since April. He was the former President and CEO of Diamond Foods and was appointed to the $LNCE's BoD on Feb. 29, 2016 in connection with the company's acquisition of Diamond Foods.

$LNCE {{ '2017-05-08T15:52:42+0000' | timeago}} • Webcast

$LNCE eyes for 2Q17 and 3Q17 EPS from continuing operations to be relatively flat versus a year ago. The EPS is expected to ramp up in 4Q17, driven by the seasonality and cost improvement initiatives.

$LNCE {{ '2017-05-08T15:45:36+0000' | timeago}} • Webcast

$LNCE said that the decline in 1Q17 in acquired brands was driven by the Kettle Chips business in the U.K. The company added that private brands in the U.K. are gaining strength. The impact of Brexit is encouraging people to move toward more value consciousness rather than the premium product line. $LNCE is optimistic to overcome these trends.

$LNCE {{ '2017-05-08T15:33:48+0000' | timeago}} • Webcast

$LNCE does not expect increased investments in consumer facing activity in 2H17, but expects that to happen in 2018. The company added that Q1 tends to be softer typically.

$LNCE {{ '2017-05-08T12:03:15+0000' | timeago}} • Announcement

For FY17, $LNCE continues to expect net revenue to be between $2.2Bil and $2.25Bil, adjusted EBITDA to be between $290MM and $315MM, and adjusted EPS to be between $1.05 and $1.20. Capex is predicted to be in the range of $75-85MM.

$LNCE {{ '2017-05-08T11:59:26+0000' | timeago}} • Announcement

Snack maker $LNCE's total revenue in 1Q17 was $531.5MM, up 18.7%, primarily driven by the benefit of two additional months of contribution from Diamond Food brands. Net income was $11.2MM, or $0.12 per share, as compared to a loss of $25.4MM, or $0.32 per share a year ago. Excluding special items, net income was $0.13 per share.

$LNCE {{ '2017-05-05T15:02:54+0000' | timeago}} • Announcement

$LNCE's BoD declared on May 3, 2017 a regular cash dividend on its common stock of $0.16 per share. The dividend is payable on May 26, 2017 to shareholders of record on May 18, 2017.

$LNCE {{ '2017-02-13T15:22:38+0000' | timeago}} • Webcast

$LNCE said that as for price realization, the company will continue to see more investments in early part of 2017 around the consumer side and the marketing side as well as consumer events. The company added that it's not going to see immediate price realization anytime soon but will see total growth and margin expansion.

$LNCE {{ '2017-02-13T15:08:47+0000' | timeago}} • Webcast

$LNCE said that in previous quarters, the company's volume and price mix was driven by its channel shift. Therefore in 2017, it won't be so much pricing by itself, but a lot of it will be just shifting the price per ounce based in different channel allocations. Also in 2017, the company is expecting some more channel growth.

$LNCE {{ '2017-02-13T14:33:14+0000' | timeago}} • Webcast

$LNCE's each legacy core brands produced growth for the year, with 4Q16 being the strongest. The company's also added that its operating margins from continuing operations maintained its positive momentum, expanding 160 BP to 8.8%.

$LNCE {{ '2017-02-13T14:25:16+0000' | timeago}} • Webcast

$LNCE saw strong volume and net revenue growth across core brands in 2016 and delivered on its full year targets. The company is increasing its sales internationally, by leveraging its European operation and exports with a focus on emerging markets.

$LNCE {{ '2017-02-13T12:19:27+0000' | timeago}} • Announcement

$LNCE expects FY17 net revenue of $2.25-2.29Bil, adjusted EBITDA of $330-345MM and EPS excluding special items of $1.32-1.42. $LNCE sees capital expenditures of $90-100MM, net interest expense of $32-35MM, effective tax rate of 33.5-34.5% and weighted average share count of about 98MM shares.

$LNCE {{ '2017-02-13T12:19:14+0000' | timeago}} • Announcement

$LNCE slipped to a 4Q16 loss from a profit last year, due to a loss on sale of Diamond of California that was considered as discontinued operations. Net loss was $8.68MM or $0.09 per share compared to a profit of $7.04MM or $0.10 per share last year. Revenue grew to $652.6MM from $405.86MM. Adjusted EPS increased to $0.38 from $0.31.

$LNCE {{ '2016-11-29T13:58:33+0000' | timeago}} • Announcement

$LNCE said the divestiture of Diamond of California is not expected to materially impact the company's full-year 2016 outlook. $LNCE reaffirmed its previously stated 2016 outlook for net revenue, EPS excluding special items and adjusted EBITDA. $LNCE expects this transaction could have a material impact on its GAAP financial statements.

$LNCE {{ '2016-11-29T13:56:10+0000' | timeago}} • Announcement

$LNCE agreed to sell its Diamond of California culinary nut business to Blue Road Capital. The transaction reflects the company's commitment to improving capital efficiency and is expected to be accretive to both returns on invested capital and operating margins. $LNCE expects the transaction to close around year-end 2016.

$LNCE {{ '2016-11-07T18:37:54+0000' | timeago}} • Webcast

$LNCE expects FY16 capital expenditures of $75-80MM. Net interest expense is expected to be in the range of $32.5-33.5MM. Effective tax rate is expected to be in the range of 33.5-34%.

$LNCE {{ '2016-11-07T12:08:22+0000' | timeago}} • Announcement

$LNCE expects FY16 diluted EPS to be in the range of $1.24-1.30. Net revenue is expected to be in the range of $2,290-2,310MM and adjusted EBITDA is expected to be in the range of $310-320MM.

$LNCE {{ '2016-11-07T12:08:08+0000' | timeago}} • Announcement

$LNCE posted 3Q16 earnings of $29.3MM, or $0.30 per diluted share, up 86% from a year ago. Revenue grew 41.3% to $588.8MM, helped by contribution of Diamond Foods and also 2.6% growth in Branded category.

$LNCE {{ '2016-09-23T14:09:10+0000' | timeago}} • Announcement

$LNCE appointed Alexander Pease as EVP and CFO, effective Nov. 1, 2016. The planned retirement of Rick Puckett as CFO was previously announced and he will continue in his current role as CFO until Nov. 1, 2016. Rick Puckett will remain with the company in a consulting role for a period of time to ensure a smooth transition.

$LNCE {{ '2016-08-09T14:00:09+0000' | timeago}} • Webcast

$LNCE expects to realize $75MM in synergies from its combination with Diamond Foods. Company plans to invest $10MM of savings back into its brands, so net savings will be $65MM. $LNCE expects to realize 50% of the cost synergies during the first 12 months and the remaining coming in the second year.

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