To participate in the conference call, the dial-in number is (844) 830-1960 for U.S. callers or (315) 625-6883 for international callers. 06-May-2019 By Gill Hyslop. Subscribe, 10-Jan-2020 By Gill Hyslop. Adjusted EBITDA is a non-GAAP measure defined herein under “Use and Definition of Non-GAAP Measures,” and is reconciled to net income in the tables that accompany this release. Net Income, Earnings per Share and Effective Income Tax Rate, Excluding Special ItemsNet income, earnings per share, and the effective income tax rate, excluding special items, are metrics provided to present the reader with the after-tax impact of operating income, excluding special items, in order to improve the comparability and understanding of the related GAAP measures. Free newsletter All financial comparisons to the prior year are compared against the legacy Snyder’s-Lance results, where the prior year does not include any contribution from Diamond Foods. Management uses adjusted EBITDA as a key metric in the evaluation of underlying Company performance, in making financial, operating and planning decisions. The merger was announced in July 2010 and completed in December of 2010. For more information, visit the Company's corporate website: www.snyderslance.com. Company management believes the presentation of 2016 Net Revenue Excluding Diamond Foods is useful for providing increased transparency and assisting investors in understanding our ongoing operating performance. GAAP net income attributable to Snyder’s-Lance, Inc. in the third quarter of 2016 increased to $29.3 million, or $0.30 per diluted share, as compared to $15.7 million, or $0.22 per diluted share, in the third quarter of 2015. Adjustments to reconcile net (loss)/income to cash from operating activities: Changes in operating assets and liabilities, excluding business acquisitions and foreign currency translation adjustments, Net cash provided by operating activities, Proceeds from sale of fixed assets and insurance recoveries, Business acquisition, net of cash acquired, Excess tax benefit from stock-based compensation, Share repurchases, including shares surrendered for tax withholding, Net proceeds from existing credit facilities, Net cash provided by/(used in) financing activities, Cash paid for income taxes, net of refunds of $1,522 and $678, respectively, Common stock and stock-based compensation issued for business acquisitions, Net income attributable to Snyder's-Lance, Transaction and integration related expenses, net of tax, Legal fees and settlement accrual, net of tax, Net loss attributable to noncontrolling interests, Net income attributable to noncontrolling interests. “Our Legacy Snyder’s-Lance brands delivered 2.6% year over year growth, driven by core brand growth of 3.7% led by Snack Factory®, Cape Cod® and Lance®. Snyder's - Lance is the company formed from the merger of Lance, Inc and Snyder's of Hanover in July 2010. @nasdaq/snyders-lance-inc-reports-results-for-third-quarter, Snyder’s-Lance, Inc. Reports Results for Third Quarter of Fiscal 2016, @nasdaq/snyders-lance-inc-reports-results-for-third-quarter, Snyder’s-Lance, Inc. Receives Shareholder Approval for Proposed Acquisition by Campbell Soup Company, Snyder’s-Lance, Inc. Reports Fourth Quarter and Full-Year 2017 Results, Snyder’s Lance Announces Voluntary Recall of a Limited Amount of Emerald® Glazed Walnuts Due to Potential Presence of Undeclared Peanuts, Almonds, Cashews and Pecans, Snyder’s-Lance to Report Fourth Quarter and Full-Year 2017 Financial Results on February 28, 2018, Operating Income, Excluding Special Items, Net Income, Earnings per Share and Effective Income Tax Rate, Excluding Special Items. Shortly after releasing its 2019 fiscal year earnings, the soup and snack company said it would sell UK-based Kettle Foods and Netherlands-based Yellow Chips to a private equity firm. Brings Together Two Highly Complementary Companies, with Iconic Snacking Brands Other major brands include Campbell's, V8, Swanson, Pace and Prego. Earnings per diluted share excluding special items* increased 34.6% to $0.35 in the third quarter of 2016 compared to $0.26 in the third quarter of 2015. We expect a more significant impact from our planned income tax restructuring in Q4 2016. includes well-known brands such as Snyder’s of Hanover, Lance, Kettle Brand, KETTLE chips, Cape Cod, Snack Factory Pretzel Crisps, Pop Secret, Emerald and Late July. Campell Snacks is flexing its muscles with fresh advertising for key brands ��� Cape Cod, Kettle Chips, Snyder���s of Hanover and Goldfish ��� a year after acquiring Snyder���s Lance for an estimated $1.6bn. Snyder's-Lance has manufacturing facilities in North Carolina, Pennsylvania, Iowa, Indiana, Georgia, Arizona, Massachusetts, Texas, Florida, Ohio and Ontario, Canada. The non-GAAP measures and related comparisons should be considered in addition to, not as a substitute for, our GAAP disclosure, as well as other measures of financial performance reported in accordance with GAAP, and may not be comparable to similarly titled measures used by other companies. Conference CallManagement will host a conference call to discuss third quarter 2016 results at 9:00 a.m. The company s products are distributed through a direct-store-delivery system of approximately 1,800 sales routes, a network of independent distributors and direct shipments to customer locations. Adjusted EBITDA in the third quarter of 2016 increased 73.2% to $81.8 million, or 13.9% of revenue, as compared to adjusted EBITDA of $47.2 million, or 11.3% of revenue, in the third quarter of 2015. Net interest expense of $32.5 million to $33.5 million; Effective tax rate of 33.5% to 34.0%; and. Snyder's-Lance Inc 900 8th St Columbus GA 31901. Jay W. Erskin, MBA. The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Snyder's-Lance expected the acquisition to close early fourth quarter. Our management believes these non-GAAP measures are useful for providing increased transparency and assisting investors in understanding our ongoing operating performance. Snyder's-Lance facilitates brands that are focused on the manufacturing and marketing of snacks. Charlotte, North Carolina. Use of this site indicates acceptance of the. ... Glassdoor has 331 Snyder's-Lance reviews submitted anonymously by Snyder's-Lance employees. Lance is an American brand of snack foods owned by the Snyder's-Lance company headquartered in Charlotte, North Carolina. It was formed by the 2010 merger of Lance and Snyder's of Hanover. Amazon.com: Snyder's-Lance Variety Packs Classic Snack Pack with Pretzel Crisps, Cape Cod, Kettle Brand Potato Chips & Late July Tortilla Chips, 16 Count Consider these available items Kettle Brand Potato Chips Variety Pack, Sea Salt & Vinegar, Krinkle Salt & Pepper, Backyard BBQ and Jalapeno, 30 Count 4.5 out of 5 stars 1,313 $16.98$16.98 (4) For the third quarter of 2015, other items include severance expense and professional fees. A 77% rise in sales across Campbell���s Global Biscuits and Snacks unit lead to the embattled company posting a 25% increase in revenue for its first-quarter. Read employee reviews and ratings on Glassdoor to decide if Snyder's-Lance is right for you. Products are sold under the Lance, Cape Cod and Tom s brand names along with a number of private labels and third party brands. Snyder's-Lance, Inc. | Company Profile, Marketing Contacts, Media Spend, Brands Lance, Inc. manufactures and markets snack foods throughout much of the United States and other parts of North America. Hunger-Busting Power. History. The improvement in operating margin was due to strong gross margin performance driven by manufacturing efficiencies and procurement savings as a result of the Company’s margin expansion initiatives and early synergy realization from the Diamond Foods combination. In 2016, Snyder's-Lance acquired Diamond Foodsin a cash and stock merger transaction bringing Kettle Brand, Diamond of California, Pop-Secret and other snack brands under the Snyder's-Lance umbrella. 22-Aug-2019 By Gill Hyslop. 09-Oct-2018 By Douglas Yu. Adding Snyder's-Lance's snack brands will bring that proportion up to roughly 46 percent of Campbell's annual net sales. Philip Lance and Salem Van Every, Lance's son-in-law, started selling single serve snacks in 1913. Snyder’s-Lance currently has 175 packaging lines throughout the company’s chip, pretzel and bakery plants, according to Kirk Jensen, chief supply chain officer, and few are automated.