Smithfield Foods, Inc.
Stock Symbol: SFD
200 Commerce St
Smithfield Foods, Inc. Industry:
Smithfield Foods, Inc. Description:
Smithfield Foods, Inc. is a pork processor and hog producer. The Company processes 20 million hogs and raises 12 million annually. Since 1981, Smithfield Foods has made 24 acquisitions to expand geographically and diversify into new product segments. The Ccompany acquired Moyer Packing Company and Packerland Holdings in the beef producing segment in fiscal 2002. Beef now accounts for approximately 20% of the Company's overall annual sales. Outside the United States, Smithfield Foods owns subsidiaries in Canada, France and Poland, and operates joint ventures in Brazil and Mexico.
Smithfield Foods, Inc. Financial Summary:
SFD operates as a producer, manufacturer, marketer, seller & distributor of a variety of fresh pork and processed meat products both domestically and in Canada, Poland, France, Japan & Mexico. For the 13 weeks ended 7/31/05, revenues rose 11% to $2.96B. Net income from cont. ops. fell 11% to $49M. Revenues reflect sales from acquired businesses. Net income was offset by higher interest expenses and reduced foreign exchange gains.
Smithfield Foods, Inc. Business Summary:
Smithfield Foods, Inc. conducts its business through six reporting segments, Pork, Beef, Hog Production (HP), International, Other and Corporate, each of which is comprised of a number of subsidiaries. The Pork segment consists mainly of eight wholly or majority-owned United States fresh pork and processed meats subsidiaries. The Beef segment is composed mainly of two United States beef processing subsidiaries and the Company's cattle feeding operations. The HP segment consists primarily of hog production operations located in the United States, Poland and Romania. The International segment is comprised of international meat processing operations, mainly in France, Poland and Romania and the Company's interests in international meat processing operations, mainly in Mexico and Spain. The Other segment is mainly comprised of the Company's turkey production operations, its interests in turkey processing operations, and the Company's alternative fuels subsidiary.