secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000802481-24-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride reports Q2 2024: net sales $4.6B, operating income $440.8M, adjusted EPS $1.67
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- Q2 GAAP net income $326.5M ($1.37 EPS); adjusted net income $398.0M ($1.67 EPS).
- Net sales $4.6B (+5.8% YoY); operating income $440.8M (+339.5% YoY).
- Adjusted EBITDA $655.9M (14.4% margin vs 5.8% prior year).
- Segment adjusted EBITDA margins: US 16.7%, Europe 7.4% (+40% YoY), Mexico 19.4%.
- Net leverage ratio 1.1x; strong liquidity supports growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000063/0000802481-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000063/ppc-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000802481-24-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer