Friday, April 19, 2024

Pilgrim’s reports 2nd quarter results

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GREELEY, Colo. — Pilgrim's Pride Corp. has recently reported its second quarter 2018 financial results.

Second quarter highlights include:

* Net sales of $2.84 billion, an increase of 3.1 percent versus the same quarter last year. Net income reported at $106.5 million.

* Adjusted operating income of $212.4 million, excluding the impact of grain derivative loss and one-time expense. Adjusting operating income margins of 6.5 percent in the U.S., 16.6 percent in Mexico and 4.8 percent in Europe operations, respectively.

Adjusted EBITDA (earnings before interest, tax, depreciation and amoritization) of $282.5 million. . .

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