Home / Top News / Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39
Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39
GREELEY, Colo., Feb. 10, 2021 (GLOBE NEWSWIRE) Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2020 financial results.
2020 Highlights
Net GAAP Income of $94.8 million.
Adjusted Operating Income margins of 3.6% in U.S. ex legal settlements, 5.5% in Mexico and 3.1% in Europe operations.
Adjusted EBITDA of $788.1 million, or a 6.5% margin.
Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide quality food globally, and our responsibility to provide continued employment opportunities and benefits for our team during these unprecedented times.
Operator
Good morning, and welcome to the Fourth Quarter and Year-end 2020 Pilgrim s Pride Earnings Conference Call and Webcast. [Operator Instructions] Please note that the slides referenced during today s call are available for download from the Investor Relations section of the Company s website at www.pilgrims.com. [Operator Instructions]
I would now like to turn the conference over to Dunham Winoto, Head of Investor Relations for Pilgrim s Pride. Please go ahead.
Dunham Winoto
Head of Investor Relations
Thanks, Grant. Good morning, and thank you for joining us today as we review our operating and financial results for the fourth quarter and year-end of December 27, 2020. Yesterday afternoon, we issued a press release providing an overview of our financial performance for the quarter and for the year, including a reconciliation of any non-GAAP measures we may discuss. A copy of the release is available in the Investor Relations section of our website, along with the slide
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