Pilgrim's Pride (PPC) Tops Q2 EPS by 12c
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Pilgrim’s Pride Reports Operating Income of $359 Million and Operating Margin of 16.0% for the Second Quarter of 2017
August 2, 2017 4:15 PM EDTGREELEY, Colo., Aug. 02, 2017 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports second quarter 2017 financial results.
Second Quarter Highlights
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... More