Pilgrim's Pride (PPC) Tops Q2 EPS by 12c

Pilgrim's Pride (NASDAQ: PPC) reported Q2 EPS of $0.94, $0.12 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.24 billion.

• Net Sales of $2.25 billion.
• Net Income of $233.6 million, GAAP EPS of $0.94.
• Operating Income margins of 14.8% in U.S. and 22.1% in Mexico operations, respectively.
• Adjusted EBITDA of $420.6 million (or an 18.7% margin).
• Cash Flow from Operations of $254.7 million.
• With our announced capital projects already completed, our quarterly performance reflected our well-balanced portfolio strategy, designed to capture the upside from strong markets while reducing overall volatility.
• Integration of newly acquired assets in Mexico has been completed with margins at the same level as legacy business. GNP integration is on track and synergy capture is currently above expectations.

For earnings history and earnings-related data on Pilgrim's Pride (PPC) click here.

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