February 1, 2018 / 5:50 PM / in 5 months

BRIEF-Saputo Reports Q3 Net Earnings Per Share Of $0.86​

Feb 1 (Reuters) - Saputo Inc:

* FINANCIAL RESULTS FOR FISCAL 2018 THIRD QUARTER ENDED DECEMBER 31, 2017

* QTRLY ‍NET EARNINGS PER SHARE OF $0.86​

* FLUCTUATION OF CANADIAN DOLLAR VERSUS FOREIGN CURRENCIES HAD A NEGATIVE IMPACT ON REVENUES OF ABOUT $100 MILLION IN QUARTER

* ‍DURING Q3, RECORDED INCOME TAX BENEFIT OF $178.9 MILLION DUE TO REDUCTION OF U.S. FEDERAL TAX RATE​

* SAPUTO - RELATED TO RESTRUCTURING COSTS FROM PLANT CLOSURE IN FOND DU LAC, WISCONSIN, INCURRED $23.7 MILLION IN SEVERANCE AND CLOSURE COSTS​ IN QUARTER

* EXPECT A WEAKENING IN INTERNATIONAL CHEESE AND DAIRY INGREDIENT PRICES FOR FIRST HALF OF CALENDAR YEAR 2018 Source text for Eikon: Further company coverage:

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