$SAFM (Sanderson Farms, Inc.)

$SAFM {{ '2016-08-25T15:33:28+0000' | timeago}} • Webcast

$SAFM said that all avian influenza-related bans have been lifted except for China. This has supported leg quarter prices. Feed costs were lower during 3Q16 and if this year's grain crop meets current expectations and the most the recent USDA estimates, the company said that it could enjoy benign or even lower grain costs in FY17.

$SAFM {{ '2018-01-19T15:49:25+0000' | timeago}} • Announcement

$SAFM's BoD declared a regular quarterly cash dividend of $0.32 per share. The dividend is payable on Feb. 13, 2018 to stockholders of record on Jan. 30, 2018.

$SAFM {{ '2017-12-14T13:05:50+0000' | timeago}} • Announcement

A marked increase in operating expenses dragged earnings of poultry producer $SAFM in 4Q17, despite a 16% growth in revenues. Earnings dropped 5% annually to $3.20 per share. Sales increased to $920MM from $791MM last year. Fourth quarter performance was also impacted by seasonal fall in market prices of products and hurricane-related disruptions.

$SAFM {{ '2017-09-21T20:09:48+0000' | timeago}} • Announcement

$SAFM has declared a regular quarterly cash dividend of $0.32 per share, an increase of $0.08 per share per quarter. It has also declared a special cash dividend of $1 per share. Both the regular quarterly cash dividend and special cash dividend are payable on Oct 17, 2017 to stockholders of record as on Oct 3, 2017.

$SAFM {{ '2017-08-24T13:03:59+0000' | timeago}} • Announcement

Earnings of poultry processing company $SAFM more than doubled to $5.09 per share in 3Q17. Driving the income growth, sales grew 20% to $932MM, helped mainly by higher market price for products. Third quarter profit reflects accruals for probable liability for a contribution to Sanderson’s employee stock ownership plan and its bonus award program.

$SAFM {{ '2017-07-20T16:47:48+0000' | timeago}} • Announcement

$SAFM declared a regular quarterly cash dividend of $0.24 per share, payable Aug 15, 2017, to stockholders of record as on Aug 1, 2017.

$SAFM {{ '2017-07-20T16:45:57+0000' | timeago}} • Announcement

$SAFM announced that Suzanne Mestayer was elected to its BoD, effective July 20, 2017. She will fill a Class B director vacancy with a term expiring at the next annual meeting of shareholders in 2018. Mestayer is owner and managing principal of ThirtyNorth Investments, LLC.

$SAFM {{ '2017-05-25T17:18:36+0000' | timeago}} • Webcast

$SAFM's St. Pauls, North Carolina facility is progressing well and the company expects to reach full production during 1Q18. Additionally, $SAFM is scheduled to begin construction of its new Tyler, Texas, facility in 3Q17 and expects to open  the facility during 1Q19.

$SAFM {{ '2017-05-25T12:34:25+0000' | timeago}} • Announcement

$SAFM expects production during 3Q17 and 4Q17 to be up 13.6% and 11.7%, compared to last year. The increase reflects new production at new St. Pauls, North Carolina, and Palestine, Texas, complexes as well as additional pounds it expects to process as result of its prior agreement with House of Raeford Farms.

$SAFM {{ '2017-05-25T12:31:48+0000' | timeago}} • Announcement

$SAFM continues to expect grain prices to remain relatively benign for 2H17. The company said there are ample supplies of both corn and soybeans worldwide, and the planting progress of the 2017 corn and soybean crops remains close to average, despite a wet spring in the United States grain belt.

$SAFM {{ '2017-05-25T12:28:49+0000' | timeago}} • Announcement

$SAFM reported a jump in 2Q17 earnings reflecting benign feed costs, continued favorable demand for poultry products from retail grocery store customers, higher volume, and an improving export environment. Net income rose to $66.94MM or $2.94 per share from $47.6MM or $2.11 per share last year. Sales grew to $802.04MM from $692.09MM.

$SAFM {{ '2017-04-17T17:28:19+0000' | timeago}} • Announcement

$SAFM announced production agreement with House of Raeford Farms. $SAFM expects that the additional volume of processed pounds this arrangement will generate for its St. Pauls processing plant will be 20.4MM pounds in its 3Q17, 26.3MM pounds in its 4Q17, and 12.4MM pounds during its 1Q18.

$SAFM {{ '2017-04-17T17:26:39+0000' | timeago}} • Announcement

$SAFM signed an agreement to continue processing chickens grown by House of Raeford Farms at the Sanderson Farms poultry processing facility located in St. Pauls, North Carolina. $SAFM will purchase, process and sell chickens grown by House of Raeford Farms through mid-December 2017.

$SAFM {{ '2017-01-19T17:36:19+0000' | timeago}} • Announcement

$SAFM announced that its Board of Directors has declared a regular quarterly cash dividend of $0.24 per share payable February 14, 2017, to stockholders of record on January 31, 2017.

$SAFM {{ '2016-12-15T17:06:49+0000' | timeago}} • Webcast

$SAFM expects $160MM in SG&A for FY17, almost flat with FY16. This estimate includes non accrual for bonuses, ESOPs or additional performance stock compensation expenses. $SAFM also said it expects flat to lower feed grain cost during FY17.

$SAFM {{ '2016-12-15T16:41:48+0000' | timeago}} • Webcast

$SAFM said FY16 was successful for the company, with overall poultry market prices decreasing YoverY for the year. For 2017, the company expects to process 4.183Bil pounds of dressed poultry, representing a 11.1% increase in pounds processed vs. 2016.

$SAFM {{ '2016-12-15T13:09:23+0000' | timeago}} • Announcement

As of October 31, 2016, $SAFM had $1.423Bil in assets, stockholders' equity of $1.190Bil and net working capital of $465.1MM. The company had no debt at FY16-end.

$SAFM {{ '2016-12-15T13:06:49+0000' | timeago}} • Announcement

Frozen chicken products company $SAFM reported an increase in 4Q16 earnings. Net income was $76MM or $3.36 per share compared with $27.4MM or $1.22 per share for 4Q15. Net sales were $790.8MM compared with $679.6MM for the same period a year ago.

$SAFM {{ '2016-10-18T19:15:44+0000' | timeago}} • Announcement

$SAFM said that Charles W. Ritter, Jr. has informed the company that he will retire from the company's BoD when his current term ends at the 2017 annual shareholders' meeting.

$SAFM {{ '2016-09-22T18:23:20+0000' | timeago}} • Announcement

$SAFM said its BoD has declared a regular quarterly cash dividend of $0.24 per share, an increase of $0.02, payable on Oct. 18, 2016, to stockholders of record on Oct. 4, 2016. The Board also declared a special cash dividend of $1.00 per share, payable on Oct. 18, 2016, to stockholders of record on Oct. 4, 2016.

$SAFM {{ '2016-08-25T16:30:37+0000' | timeago}} • Webcast

Stephens analyst Farha Aslam asks whether there will be another incremental $5-6MM going forward in every quarter for the marketing program. $SAFM says that it's permanent and that the company will do it to support its retailers based on the response it got. $SAFM says that it will continue this for the foreseeable future.

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