Maple Parent Holdings Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
August 08, 2018 at 08:30 am
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Maple Parent Holdings Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales of $949 million against $948 million a year ago. Operating income was $170 million against $184 million a year ago. Income before income taxes was $99 million against $89 million a year ago. Net income attributable to Maple Parent Holdings Corp. was $84 million against $60 million a year ago. Non-GAAP adjusted operating income was $288 million against $260 million a year ago.
For the six months, the company reported net sales of $1,897 million against $1,916 million a year ago. Operating income was $354 million against $405 million a year ago. Income before income taxes was $239 million against $177 million a year ago. Net income attributable to Maple Parent Holdings Corp. was $171 million against $119 million a year ago. Net debt as on June 30, 2018 was $4,522 million. Non-GAAP adjusted operating income was $560 million against $543 million a year ago.
The company provided earnings guidance for the year 2018. 2018 Adjusted diluted EPS of $1.02 to $1.07, on a pro-forma basis, after the impact of preliminary Purchase Price Accounting adjustments. Significant cash flow generation and rapid deleveraging, with leverage ratio targeted to be less than 3.0x in two to three years.
Keurig Dr Pepper Inc. is is a leading producer of non-alcoholic beverages in North America. The group markets hot drinks, soft drinks, flavoured water, fruit juices, concentrated and syrups. Net sales break down by family of products as follows:
- refreshment beverages (59.6%): Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, Mr and Mrs T mixers and other brands ;
- coffee (27.5%): Green Mountain Coffee Roasters, The Original Donut Shop, McCafé, Laughing Man, REVV and Van Houtte brands. In addition, the group offers coffee machines and accessories;
- beverage concentrates (13%): Peñafiel, Clamato, Squirt, Canada Dry, Dr Pepper, Mott's and Crush brands.
At the end of 2023, the group had 30 manufacturing sites located mainly in the United States (24).
The United States account for 87.5% of net sales.
Maple Parent Holdings Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018