Pilgrim's Pride (PPC) Tops Q4 EPS by 3c
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Pilgrim’s Pride Ends Fiscal Year 2017 with Net Sales of $10.77 Billion, Operating Income of 10% and Record GAAP EPS of $2.79
February 14, 2018 9:15 PM ESTGREELEY, Colo., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2017 financial results.
2017 Highlights
Adjusted Operating Income margins of 11.8% in U.S., 10.6% in Mexico and 3.9% in Europe operations, respectively.Adjusted EBITDA of $1.39 billion (or a 12.9% margin and +54.3% versus last year, excluding Moy Park).Acquisition of Moy Park positions us as the global leader in chicken and chicken-based Prepared Foods, and aligns with our strategic priorities while providing a strong platform for future growth.GNP integration is progressing... More