secwatch.observer — SEC 8-K summary
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Issuer:     Lamb Weston Holdings, Inc. (LW)
CIK:        0001679273
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001679273-24-000071
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamb Weston Q1 EPS $0.88 (-45%); announces restructuring; cuts FY25 adj. EPS outlook to $4.15-$4.35
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- Net sales $1,654M (-1%); net income $127M (-46%); diluted EPS $0.88 (-45%); adjusted EPS $0.73 (-55%).
- Restructuring: closing Connell, WA facility, temporary production curtailments, ~4% workforce reduction.
- Restructuring expected to generate ~$55M pre-tax cost savings and $100M capex reduction in FY25.
- Total estimated pre-tax restructuring charges of $200M-$250M, most in Q2 FY25.
- Updated FY25 targets: Adj. EBITDA at low end of $1,380M-$1,480M; Adj. EPS cut to $4.15-$4.35 from $4.35-$4.85.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000071/0001679273-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000071/lw-20241001.htm
  HTML page:      https://secwatch.observer/filing/0001679273-24-000071

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