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Nov 29, 2007
Smithfield Foods Announces Second Quarter Earnings
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Smithfield, Virginia (November 29, 2007)—Smithfield Foods, Inc. (NYSE: SFD) reported income from continuing operations for the second quarter of fiscal 2008 of $18.7 million, or $.14 per diluted share, versus income from continuing operations of $46.4 million, or $.41 per diluted share last year. Sales were $3.5 billion, compared to $2.8 bill...
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Nov 29, 2007
Smithfield Foods, Inc. and Subsidiaries EBITDA Reconciliation See Regulation G Disclosures
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The following is a reconciliation of income from continuing operations, which is a GAAP measure of our earnings results, to EBITDA. Note: EBITDA is commonly defined as earnings before interest, taxes, depreciation and amortization. This reconciliation als...
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Nov 14, 2007
Robert W. Manly IV to Head Smithfield International Operations
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Smithfield, Virginia (November 14, 2007)—Robert W. Manly IV has been assigned responsibility to manage international operations at Smithfield Foods, Inc. (SFD: NYSE). Mr. Manly, an executive vice president, will direct Smithfield operations in Poland, Romania and the United Kingdom, as well as oversee the company’s Groupe Smithfield joi...
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Nov 12, 2007
Smithfield Foods to Host Second Quarter Conference Call November 29
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Smithfield, Virginia (November 12, 2007)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2008 second quarter earnings on Thursday, November 29 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Standard Time, Thursday, November 29. To listen via telephone, call (800) 926-5197. The call can be ac...
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Oct 17, 2007
Smithfield Foods Files Civil Action against the United Food and Commercial Workers Union under Federal Racketeering Laws View complaint
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Smithfield, VA, October 17, 2007— Smithfield Foods, Inc. and Smithfield Packing Company (“Smithfield” or “the Company”) today announced that it has brought a civil action against the United Food and Commercial Workers (UFCW) and their agents. This action follows more than two years of malicious conduct against the Com...
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Oct 2, 2007
Smithfield Foods, Smithfield Packing Receive GEEA Awards For Their Environmental Stewardship Achievements
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SMITHFIELD, Va. (Oct. 2, 2007) — Smithfield Foods, Inc. and two Smithfield Packing Co. operating companies have earned honors from the state of Virginia’s 12th Annual Governor’s Environmental Excellence Awards (GEEA) for Business and Industry for their environmental stewardship achievements during the past year.Smithfi...
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Oct 1, 2007
Armour-Eckrich Meats to Consolidate Processed Meats Production And Close Lufkin, Texas Plant
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Lufkin, Texas (October 1, 2007)—Armour-Eckrich Meats, LLC announced today that it would shift its processed meats production to other facilities and permanently close its Lufkin, Texas plant, effective March 14, 2008.The Lufkin plant closure will affect approximately 165 hourly and salaried employees. The company will offer transfers...
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Aug 27, 2007
C. Larry Pope, President and CEO of Smithfield Foods, Inc., To Present at Lehman Brothers Back-To-School Consumer Conference
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Smithfield, Virginia (August 27, 2007)—C. Larry Pope, president and chief executive officer of Smithfield Foods, Inc. (NYSE: SFD), will make a presentation at Lehman Brothers 1st Annual Back-To-School Consumer Conference at 12:45 p.m., Eastern Daylight Time, Wednesday, September 5, 2007 in Boston, Massachusetts. The presentation will be webca...
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Aug 24, 2007
Smithfield Foods Announces Agreement For Pork Exports To China
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Smithfield, Virginia (August 24, 2007)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it had entered into an agreement with a major Chinese trading company for the purchase of 60 million pounds of Paylean-free pork for delivery by the end of December. “We are very pleased to begin a business relationship with this tradi...
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Aug 23, 2007
Smithfield Foods Announces Substantially Higher First Quarter Earnings
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Smithfield, Virginia (August 23, 2007)—Smithfield Foods, Inc. (NYSE: SFD) announced today that income from continuing operations for the first quarter of fiscal 2008 was $62.0 million, or $.47 per diluted share, versus income from continuing operations last year of $39.9 million, or $.36 per diluted share. Sales were $3.4 billion versus $2.8 ...
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Aug 8, 2007
Smithfield Foods Confirms Classical Swine Fever in Romania
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Smithfield, Virginia (August 8, 2007)—Smithfield Foods, Inc. (NYSE: SFD) today confirmed outbreaks of classical swine fever (CSF) at two of its hog farms in Romania. Quarantine measures have been imposed on these farms. The results of CSF tests on animals at the company’s other farms in Romania have thus far been negative. The c...
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Aug 6, 2007
Smithfield Foods to Host First Quarter Conference Call August 23
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Smithfield, Virginia (August 6, 2007)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2008 first quarter earnings on Thursday, August 23 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Daylight Time, Thursday, August 23. To listen via telephone, call (888) 428-4480. The call can be accessed l...
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Jun 19, 2007
Smithfield Foods Announces Commencement of Debt Offering
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Smithfield, Virginia (June 19, 2007)—Smithfield Foods, Inc. (NYSE:SFD) today announced that it has filed with the Securities and Exchange Commission a registration statement and a preliminary prospectus for a public offering of fixed rate senior unsecured notes. The size of the offering is expected to be not less than $500 million.The...
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Jun 7, 2007
Smithfield Foods Reports Fourth Quarter Results
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Smithfield, Virginia (June 7, 2007)—Smithfield Foods, Inc. (NYSE: SFD) announced today that income from continuing operations for the fourth quarter was $39.9 million, or $.35 per diluted share, versus income from continuing operations last year of $6.3 million, or $.06 per diluted share. Sales were $3.1 billion versus $2.7 billion a year ago...
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May 29, 2007
Smithfield Comments On Fourth Quarter Earnings
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Smithfield, Virginia (May 29, 2007)—Smithfield Foods, Inc. (NYSE: SFD) today said that it expects to report fiscal 2007 fourth quarter income from continuing operations in the range of $.30 to $.35 per diluted share.The company noted these results reflect increased raising costs in its hog production operations and losses in its cattl...
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May 21, 2007
Smithfield Foods to Host Fourth Quarter Conference Call June 7
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Smithfield, Virginia (May 21, 2007)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2007 fourth quarter earnings on Thursday, June 7 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Daylight Time, Thursday, June 7. To listen via telephone, call (877) 209-0397. The call can be accessed live on ...
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May 7, 2007
Smithfield Foods Completes Acquisition Of Premium Standard Farms, Inc.
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Smithfield, Virginia (May 7, 2007)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it has completed the acquisition of Premium Standard Farms, Inc. (Nasdaq: PORK) (“PSF”).Under the terms of the merger, each PSF share has been converted into 0.678 Smithfield shares plus $1.25 in cash. The total combined value of sto...
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Mar 30, 2007
Smithfield Foods and Premium Standard Farms Announce that the Antitrust Division Exercised its Option to Extend HSR Review by 30 Additional Days
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Smithfield, VA, March 30, 2007 – Smithfield Foods, Inc. (NYSE: SFD) and Premium Standard Farms, Inc. (Nasdaq: PORK) today announced that the Antitrust Division of the U.S. Department of Justice (the “Antitrust Division”) has exercised its option to take an additional 30 days to review Smithfield’s pending acquisition of PSF....
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Mar 1, 2007
Smithfield Foods Reports Third Quarter Results
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Smithfield, Virginia (March 1, 2007)—Smithfield Foods, Inc. (NYSE: SFD) announced today that income from continuing operations for the third quarter of fiscal 2007 was $60.4 million, or $.54 per diluted share, versus income from continuing operations last year of $75.0 million or $.67 per diluted share. Sales were $3.3 billion versus $2.9 bil...
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Feb 23, 2007
Smithfield Foods to Host Third Quarter Conference Call March 1
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Smithfield, Virginia (February 23, 2007)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2007 third quarter earnings on Thursday, March 1 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Standard Time, Thursday, March 1. To listen via telephone, call (800) 230-1085. The call can be accessed li...
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