Highest-materiality recent filing
Lamb Weston to close Netherlands plant, expects $80-110M pre-tax charges
Board committed to close manufacturing facility in Broekhuizenvorst, the Netherlands.
Lamb Weston Chinese sub refinances with RMB 700M term loan due 2031
New RMB 700M (~$102.9M) term loan with HSBC-led syndicate, matures May 22, 2031.
Lamb Weston Q3 adj. EPS $0.72, down 37% YoY; raises FY2026 guidance
Net sales $1,564.8M (+3% YoY), diluted EPS $0.39 (-62% YoY), adj. diluted EPS $0.72 (-37% YoY).
Lamb Weston enters separation agreement with departing CFO Madarieta; $1.5M severance
Madarieta to serve as CFO through April 1, 2026, then as special advisor until April 30, 2026.
Lamb Weston appoints Craps Executive Chair (Feb 6) and Gray CFO (Apr 2)
Jan Craps appointed Executive Chair effective Feb 6; previously CEO of Budweiser APAC.
Lamb Weston closing Argentina plant; expects $50M-$60M charges in FY2026
Closure of Munro, Argentina facility; production consolidated to new Mar del Plata plant.
Lamb Weston Q2 net sales $1.62B, EPS $0.44; dividend raised 3%, FY26 outlook reaffirmed
Q2 net sales $1,618M (+1% YoY); volume up 8% offset by 8% price/mix decline on competitive pricing.
Lamb Weston Q1 revenue flat at $1.66B; adjusted EPS down 5% to $0.74; reaffirms FY2026 outlook
Net sales $1,659.3M, flat YoY; volume +6% offset by price/mix -7%.
Lamb Weston stockholders elect all 12 director nominees at 2025 annual meeting
All 12 directors elected with over 98% support for each nominee; broker non-votes of 13.6M shares.
Q4 net sales $1,675.8M (+4% YoY), volume +8%, price/mix -4%; diluted EPS $0.85, adjusted EPS $0.87.
Six new directors: Bradley Alford (Chairman), Ruth Kimmelshue, Timothy McLevish, Scott Ostfeld, Lawrence Kurzius, Paul Maass.
Lamb Weston Q3 net sales up 4% to $1.52B; reaffirms FY2025 outlook
Diluted EPS $1.03 (+$0.02 YoY); adjusted diluted EPS $1.10 (-8% YoY).
Lamb Weston warns of unsolicited mini-tender offer at 4.34% below market
TRC Capital offers to buy up to 2M shares at $55.95, ~4.34% below Feb. 10 close of $58.49.
Lamb Weston appoints COO Michael J. Smith as CEO; Werner steps down effective Jan 3, 2025
Smith, currently COO, becomes President & CEO and Board member on Jan 3, 2025; succeeds Thomas P. Werner.
Lamb Weston Q2 net loss $0.25 EPS; cuts FY2025 guidance, increases buyback by $250M
Q2 net sales $1,600.9M (-8% YoY); net loss $36.1M, diluted EPS ($0.25) vs prior year net income $215.0M.
Lamb Weston Chief Information & Digital Officer resigns effective Oct 25, 2024
Sukshma Rajagopalan notified resignation on Oct 11, 2024, effective Oct 25, 2024.
Lamb Weston Q1 EPS $0.88 (-45%); announces restructuring; cuts FY25 adj. EPS outlook to $4.15-$4.35
Net sales $1,654M (-1%); net income $127M (-46%); diluted EPS $0.88 (-45%); adjusted EPS $0.73 (-55%).
Lamb Weston appoints new director Norman Prestage, shareholders approve officer exculpation
Board appointed Norman Prestage (former Ernst & Young partner) as director, effective Sept 26, 2024.
Lamb Weston secures $500M new term loan, repays $300M existing facility
New $500M Term A-5 Loan replaces $300M Term A Loan; proceeds used to fully repay existing loan on Sept 27, 2024.
Lamb Weston Q4 net sales down 5%, adjusted EPS -40%; provides cautious FY2025 outlook
Q4 net sales $1,612M (-5% YoY); diluted EPS $0.89 (-74%); adjusted EPS $0.78 (-40%).
Lamb Weston ups revolver to $1.5B, extends maturity to 2029; adds €200M European term loan
Revolver commitments increased from $1.0B to $1.5B; maturity extended from Aug 2026 to May 2029.
ERP transition and potato write-off hit Lamb Weston's Q3; FY2024 outlook slashed
Q3 GAAP EPS $1.01 (-17% YoY); adjusted EPS $1.20 (-18%); net sales $1,458M (+16% but organic -12%).
On October 11, 2024, Sukshma Rajagopalan notified Lamb Weston Holdings, Inc. (the “Company”) of her intention to resign as Chief Information and Digital Officer, effective October 25, 2024, to pursue another opportunity.
On September 26, 2024, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston” or “we”) increased the size of the Board from ten to eleven members and appointed Norman Prestage to serve as a director on the Board.
Max materiality 0.90 · Median 0.70 · Most common event earnings