Pilgrim's Pride (PPC) Misses Q1 EPS by 1c
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Pilgrim’s Pride Reports Operating Income of $152 Million and Operating Margin of 7.5% for the First Quarter of 2017
May 3, 2017 4:30 PM EDTGREELEY, Colo., May 03, 2017 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports first quarter 2017 financial results.
First Quarter Highlights
Net Sales of $2.02 billion.Net Income of $93.9 million, GAAP EPS of $0.38.Operating Income margins of 7.7% in U.S. and 6.6% in Mexico operations, respectively.Adjusted EBITDA of $204.0 million (or a 10.1% margin).Cash Flow from Operations of $61.5 million.GNP integration is on track with additional synergies already identified increasing total annualized run-rate to $30 million, up from $20 million before.Completion of previously announced capital... More