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Lamb Weston Holdings, Inc. (LW) CEO Tom Werner on Q3 2021 Results - Earnings Call Transcript

Apr. 07, 2021 4:17 PM ETLamb Weston Holdings, Inc. (LW)
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Lamb Weston Holdings, Inc. (NYSE:LW) Q3 2021 Earnings Conference Call April 7, 2021 10:00 AM ET

Company Participants

Dexter Congbalay - Vice President of Investor Relations

Tom Werner - President and Chief Executive Officer

Robert McNutt - Senior Vice President and Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays

Bryan Spillane - Bank of America

Chris Growe - Stifel

Adam Samuelson - Goldman Sachs

Tom Palmer - JPMorgan

Rob Dickerson - Jefferies

Jenna Giannelli - Goldman Sachs

Carla Casella - JPMorgan


Good day, and welcome to the Lamb Weston Third Quarter 2021 Earnings Call. Today’s call is being recorded. At this time, I’d like to turn the call over to Dexter Congbalay, VP, Investor Relations of Lamb Weston.

Please go ahead.

Dexter Congbalay

Good morning, and thank you for joining us for Lamb Weston’s Third Quarter 2021 Earnings Call. This morning, we issued our earnings press release, which is available on our website, lambweston.com. Please note that during our remarks, we’ll make some forward-looking statements about the company’s expected performance. These statements are based on how we see things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in our SEC filings for more details on our forward-looking statements.

Some of today’s remarks include non-GAAP financial measures. These non-GAAP financial measures should not be considered a replacement for, and should be read together with our GAAP results. You can find the GAAP to non-GAAP reconciliations in our earnings release.

With me today are Tom Werner, our President and Chief Executive Officer; and Rob McNutt, our Chief Financial Officer. Tom will provide an overview of the current operating environment and our recently announced investment in China, while Rob will provide some details on our third quarter results, as well as some shipment

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