The company said net sales for Q3 were $2,229.2 million, up 1% from $2,216.3 million a year earlier, and adjusted earnings per share on a diluted basis were $2.48, an increase of 12%. Net income per diluted share was $1.13.

1. 01

   The company said net sales for Q3 were $2,229.2 million, up 1% from $2,216.3 million a year earlier, and adjusted earnings per share on a diluted basis were $2.48, an increase of 12%. Net income per diluted share was $1.13.

2. 02

   The company said operating income for Q3 was $297.4 million, down 6%, and cited a $98.3 million increase in special project costs, reflecting integration costs related to the Hostess Brands acquisition, as the main factor. Net sales for the Sweet Baked Snacks segment were $300.3 million.

3. 03

   The company said cash provided by operating activities for Q3 was $406.5 million, compared with $584.6 million a year earlier, and free cash flow was $249.6 million, compared with $442.7 million a year earlier. The company cited higher working capital requirements as among the factors.

4. 04

   The company said it updated its adjusted earnings per share outlook for fiscal 2024 to $9.45 to $9.65 from $9.25 to $9.65, and its free cash flow outlook to $500 million from $530 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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