Pilgrim's Pride (PPC) Tops Q1 EPS by 4c
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Pilgrim's Pride Corporation Announces Declaration of Special Dividend
April 27, 2016 4:20 PM EDTGREELEY, Colo., April 27, 2016 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (Nasdaq: PPC) announced today that as part of its continuing strategy of improving its capital structure and generating shareholder value, its Board of Directors has approved the declaration of a special cash dividend of $2.75 per share. The total amount of the special dividend payment will be approximately $700 million, based on the current number of shares outstanding. The special cash dividend is payable on May 18, 2016, to stockholders of record on May 10, 2016.
"The Boards decision to pay a special dividend is a... More
Pilgrim’s Pride Reports Operating Income of $189 Million with a Margin of 9.6% for the First Quarter of 2016
April 27, 2016 4:18 PM EDTGREELEY, Colo., April 27, 2016 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports first quarter 2016 financial results.
First Quarter Highlights
Net Sales of $1.96 billion.Net Income of $118.4 million, GAAP EPS of $0.46.EBIT margins of 10.5% in U.S. and 4.8% in Mexico operations, respectively.Adjusted EBITDA of $233.5 million (or an 11.9% margin).Free Cash Flow of $141.3 million.Conversion of a production facility to USDA-certified organic chicken, enhancing PPC leadership in emerging consumer trends and leveraging partnerships with key customers to support their growth.... More