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GREELEY, Colo., May 14, 2021 /PRNewswire/ JBS USA Lux S.A. ( JBS USA ) today announced that it, JBS USA Food Company and JBS USA Finance, Inc. have successfully priced at par their offering of $500.0 million aggregate principal amount of senior notes maturing December 1, 2031 (the Notes ). The Notes have an interest rate of 3.750%. The offering is expected to close on May 28, 2021, subject to customary closing conditions.
JBS USA intends to use the net proceeds from the offering of the Notes to finance the acquisition of Vivera Topholding BV (the Vivera Acquisition ), the third largest manufacturer of plant-based food products in Europe, and to pay related fees and expenses, with any remaining net proceeds for general corporate purposes. If for any reason the Vivera Acquisition is not completed, JBS USA expects to use the net proceeds from the offering of Notes for general corporate purposes.
Pilgrims Pride Corp (PPC) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Home / Top News / Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
GREELEY, Colo., April 28, 2021 (GLOBE NEWSWIRE) Pilgrim’s Pride Corporation (NASDAQ: PPC) reports first quarter 2021 financial results.
First Quarter Highlights
Net Sales of $3.27 billion.
GAAP Net Income of $100.2 million. Adjusted Net Income of $103.0 million or adjusted EPS of $0.42.
Consolidated Operating Income margin of 4.8% with Operating Income margins of 3.4% in U.S., 19.0% in Mexico and 1.2% in Europe.
Adjusted EBITDA of $253.8 million, or a 7.8% margin, 53.4% higher than a year ago.
Pilgrim s Pride Closes $1 0 Billion Sustainability-Linked Senior Notes Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.