Pilgrim's Pride (PPC) Misses Q4 EPS by 9c
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Pilgrim’s Pride Ends Fiscal Year 2016 with an Operating Income of $714 Million and an Operating Margin of 9.0%
February 8, 2017 4:45 PM ESTGREELEY, Colo., Feb. 08, 2017 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2016 financial results.
Fourth Quarter Results
Net Sales of $1.91 billion.Net Income of $70.6 million, GAAP EPS of $0.28.Adjusted EBITDA of $172.2 million (or a 9.0% margin).Cash Flow from Operations of $224.4 million.2016 Highlights
Invested $270 million in capex during 2016 on our operations, including strategic projects on product mix changes to reduce impact of commodity markets, strengthen operational efficiencies as well as tailored customer needs, and improve margin... More