LSC Communications, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2018; Provides Earnings Guidance for the Year 2019
For the year, the company reported net sales of $3,826 million compared to $3,603 million a year ago. Income from operations was $42 million compared to loss of $19 million a year ago. Net loss was $23 million compared to $57 million a year ago. Basic net loss per share was $0.67 compared to $1.69 a year ago.
For the quarter, the company reported impairment charges - intangibles of $3 million compared to $8 million a year ago. Impairment charges - machinery and equipment was $3 million compared to $7 million a year ago.
For the year 2019, the company expected net sales of $3.55 billion to $3.65 billion compared to actual net sales of $3.83 billion in 2018.