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February 12, 2016 2:06 PM ET

Food Products

Company Overview of Pilgrim's Pride Corporation

Company Overview

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. It offers fresh chicken products comprising pre-marinated or non-marinated, and prepackaged refrigerated (nonfrozen) whole or cut-up chicken in various combinations of refrigerated whole chickens and chicken parts. The company also provides prepared chicken products, such as portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. In addition, it exports whole ch...

1770 Promontory Circle

Greeley, CO 80634

United States

Founded in 1946

39,000 Employees

Phone:

970-506-8000

Key Executives for Pilgrim's Pride Corporation

Chief Executive Officer, President, Director and Member of JBS Nominating Committee
Age: 55
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Accounting Officer
Age: 43
Total Annual Compensation: $899.7K
Compensation as of Fiscal Year 2014.

Pilgrim's Pride Corporation Key Developments

Pilgrim's Pride Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2015

Pilgrim's Pride Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 27, 2015. For the quarter, the company reported net sales of $1,960,780,000 against $2,110,436,000 for the same period in the last year. Operating income was $107,773 against $328,992,000 for the same period in the last year. Income before income taxes was $96,095,000 against $273,024,000 for the same period in the last year. Net income attributable to the company was $63,147,000 or $0.25 per basic and diluted share against $167,187,000 or $0.64 per diluted share for the same period in the last year. Net income from continuing operations was $63,050,000 against $167,003,000 for the same period in the last year. EBITDA was $147,746,000 against $344,598,000 for the same period in the last year. Adjusted EBITDA was $149,978,000 against $367,829,000 for the same period in the last year. For the year, the company reported net sales of $8,180,104,000 against $8,583,365,000 for the same period in the last year. Operating income was $1,044,891,000 against $1,203,115,000 for the same period in the last year. Income before income taxes was $992,758,000 against $1,102,391,000 for the same period in the last year. Net income attributable to the company was $645,914,000 or $2.50 per basic and diluted share against $711,648,000 or $2.74 per diluted share for the same period in the last year. Net income from continuing operations was $645,962,000 against $711,438,000 for the same period in the last year. Cash provided by operating activities was $976,828,000 against $1,066,692,000 for the same period in the last year. Acquisitions of property, plant and equipment were $175,764,000 against $171,443,000 for the same period in the last year. EBITDA was $1,181,970,000 against $1,321,774,000 for the same period in the last year. Adjusted EBITDA was $1,213,467,000 against $1,352,249,000 for the same period in the last year. Net debt was $574,683,000 as of December 27, 2015.

Pilgrim's Pride Corporation, 2015 Earnings Call, Feb 11, 2016

Pilgrim's Pride Corporation, 2015 Earnings Call, Feb 11, 2016

Pilgrim's Pride Corporation Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 27, 2015

Pilgrim's Pride Corporation announced unaudited consolidated earnings results for third quarter and nine months ended September 27, 2015. For the quarter, the company reported net sales of $2,112,529,000, operating income of $231,132,000, income before income taxes of $210,248,000, net income attributable to company of $137,062,000 or $0.53 per diluted share, adjusted EBITDA of $274,258,000 compared to the net sales of $2,268,048,000, operating income of $405,501,000, income before income taxes of $389,496,000, net income attributable to company of $255,984,000 or $0.99 per diluted share, adjusted EBITDA of $441,774,000 for the same quarter a year ago. For the year to date, the company reported net sales of $6,219,324,000, operating income of $937,118,000, income before income taxes of $896,663,000, net income attributable to company of $582,766,000 or $2.24 per diluted share, cash provided by operating activities of $856,313,000, acquisitions of property, plant and equipment of $129,848,000, adjusted EBITDA of $1,063,489,000 compared to the net sales of $6,472,929,000, operating income of $874,123,000, income before income taxes of $829,367,000, net income attributable to company of $544,461,000 or $2.1 per diluted share, cash provided by operating activities of $802,408,000, acquisitions of property, plant and equipment of $131,349,000, adjusted EBITDA of $984,420,000 for the same period a year ago. Net debt as on September was $609,650,000.

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