13.02.2018 13:20:23

Under Armour Announces Additional 2018 Restructuring Plan - Quick Facts

(RTTNews) - While reporting its fourth-quarter financial results today, Under Armour Inc. (UA) announced an additional 2018 restructuring plan that identifies further opportunities to optimize operations.

In conjunction with this plan, the company expects approximately $110 million to $130 million of pre-tax restructuring and related charges to be incurred.

This includes up to $105 million in cash related charges, consisting of up to $55 million in facility and lease terminations, and up to $50 million in contract termination and other restructuring charges.

It also includes up to $25 million in non-cash charges comprised of up to $10 million of inventory related charges and up to $15 million of asset related impairments.

Based on the restructuring efforts in 2017 and 2018, the company anticipates a minimum of $75 million in savings annually from these efforts in 2019 and beyond.

For fiscal 2018, Under Armour forecast net revenue to increase at a low single-digit percentage rate, reflecting a mid-single-digit decline in North America and international growth of greater than 25 percent. The company also expects adjusted earnings per share in a range of $0.14 to $0.19.

On average, analysts polled by Thomson Reuters expect the company to earn $0.26 per share for the year on revenues of $5.24 billion. Analysts' estimates typically exclude special items.

Analysen zu Under Armour Inc.mehr Analysen

17.12.24 Under Armour Buy UBS AG
13.12.24 Under Armour Underweight JP Morgan Chase & Co.
08.11.24 Under Armour Buy UBS AG
08.11.24 Under Armour Underweight JP Morgan Chase & Co.
24.10.24 Under Armour Buy UBS AG
Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!

Aktien in diesem Artikel

Under Armour Inc. 8,17 -0,18% Under Armour Inc.