India, Feb. 13 -- US Foods Holding Corp. (USFD), a food service distributor, Thursday announced that its net income declined in the fourth quarter, compared to the prior year, despite higher net sales. The result reflects the one-time net actuarial loss for pension settlement of $124 million in the fourth quarter.
For the fourth quarter, net income dropped to $66 million from $147 million last year.
Earnings per share was $0.28, compared to $0.59, in the previous year.
However, Adjusted net income increased to $197 million from $160 million the previous year.
Adjusted earnings per share also came in higher at $0.84 versus $0.64 last year's quarter. Analysts, on average, had expected the company to earn $0.71 per share. Analysts' estimat...