GREELEY, Colo. — Pilgrim's Pride Corp. has reported its second quarter 2016 financial results.
For the second quarter the company notes net sales of $2.05 billion; net income of $152.9 million, GAAP (generally accepted accounting principles) EPS (earnings per share) of 60 cents; operating income margins of 9.8 percent in the U.S. and 20.5 percent in Mexico operations, respectively; adjusted EBITDA (earnings before interest, tax, depreciation and amoritization) of $282.7 million (or a 13.9 percent margin); and cash flow from operations of $111.1 million.
Pilgrim's also noted that its Prepared Foods. . .
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