Pinnacle Foods Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; provides earnings guidance for the fiscal year 2018
For the year, the company reported net sales of USD 3,144,002,000 against USD 3,127,938,000 a year ago. Earnings before interest and taxes were USD 448,656,000 against USD 479,645,000 a year ago. Earnings before income taxes were USD 279,222,000 against USD 340,547,000 a year ago. Net earnings attributable to company and subsidiaries common stockholders was USD 532,049,000 or USD 4.45 per diluted share against USD 211,117,000 or USD 1.79 per diluted share a year ago. Net cash provided by operating activities were USD 415,953,000 against USD 487,504,000 a year ago. Capital expenditures were USD 94,226,000 against USD 101,050,000 a year ago. Adjusted net earnings were USD 304,380,000 or USD 2.55 per diluted share against USD 253,677,000 or USD 2.15 per diluted share a year ago. Adjusted EBIT was USD 569,263,000 against USD 538,595,000 a year ago. Adjusted EBITDA was USD 675,157,000 against USD 644,367,000 a year ago.
For 2018, the company expects adjusted diluted EPS in the range of USD 2.85 to USD 2.95. At the guidance mid-point, this outlook represents growth of 16% versus the comparable 52-week Adjusted diluted EPS of USD 2.50 in 2017.