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REDONDO BEACH, CA / ACCESSWIRE / December 13, 2016 / BioLargo, Inc. (OTCQB: BLGO), owner and developer of the breakthrough AOS (Advanced Oxidation System), a low-energy high-efficiency clean water technology, announced the start of a relationship with Chicago Bridge & Iron, NV (NYSE: CBI). According to the press release and a number of recent interviews with BioLargo's President & CEO, Dennis P. Calvert, the new relationship was formed to support the commercialization of BioLargo's proprietary technology and to provide independent performance verification. BioLargo also reports the AOS has been proven to disinfect and decontaminate water better, faster and at a lower cost than any other competing technology. Based on the breadth and significance of the technical performance claims for its AOS, BioLargo has a broad range of commercial opportunities for large industrial applications that must contend with water such as: maritime ballast water management systems, wastewater treatment, environmental remediation, food safety, oil & gas, mining, and agriculture. Its future uses also promise to impact the drinking water industry, including municipal, home use, and emerging nations. The company is also busy commercializing its new "CupriDyne Clean", an industrial odor control product launched last May. The company reports that the product is so effective and low-cost it is gaining rapid traction through trials with leaders within the waste handling industry and that it has had some early sales. Management believes sales will continue to climb, as they finalize supplier agreements with large multi-location customer accounts. CupriDyne Clean may also have an important role to play in industries that contend with volatile organic compounds like hydrogen sulfide (H2S) that impact air quality and safety. Dennis P. Calvert, President & CEO of BioLargo commented, "All of our technologies at BioLargo can serve a wide array of industrial customers that want clean water and clean air. Our mission to 'Make Life Better' includes helping industry tackle operational challenges cost effectively. That intersection of service is likely where our new relationship with CB&I will shine the brightest and we look forward to working with the exceptional team at CB&I to serve industry." With more than 40,000 employees, $13 billion in annual revenue and over $20 billion in future contracts, CB&I is a world-leading engineering, procurement, fabrication, and construction company, and a provider of environmental and infrastructure services. CB&I builds oil refineries, liquefied natural gas terminals, wastewater treatment plants, offshore platforms, and power plants. CB&I is also the world's largest tank construction company and builds tanks for the oil & gas, mining, water, and wastewater industries. The company also remediates hazardous waste problems. Clean water and clean air are at the heart of many of industries served by CB&I and BioLargo's technologies. Details in the first announcement were slim. This news sends notice to the investment world and to industry that Biolargo's technologies can have an important role to play in helping solve air and water contamination problems in a safe, effective and affordable way. Calvert has been quick to point out that the current version of the AOS has been engineered to serve entry-level clients and that important scale-up work is required to serve very large-scale industrial clients. BioLargo Water's research team recently showcased the first pre-commercial prototype of its AOS water treatment system, billed as the lowest cost and highest impact, scalable clean water technology in the world. By combining a cutting-edge carbon matrix, advanced iodine chemistry, and electrolysis, this technology rapidly and inexpensively eliminates bacteria and chemical contaminants in water without leaving residual toxins. University of Alberta researchers, in collaboration with BioLargo Water Scientists, have confirmed test results that validate the AOS achieves unprecedented rates of disinfection, eliminating infectious biological pathogens such as Salmonella, Listeria and E. coli. The AOS has also been proven effective in oxidizing and removing hard-to-manage soluble organics acids, aromatic compounds, and solvents faster than existing technologies and with very little input energy. Proven test results validate its important role for extremely high oxidation potential to tackle a long "watch list" of contaminants identified by the EPA. The company reports that future generations of the AOS will include the extraction and harvesting of important contaminants like sulfur, nitrates, phosphorus, and even heavy metals. The company's first "Alpha" AOS was constructed in collaboration with the Northern Alberta Institute of Technology (NAIT)'s Center for Sensors and Systems Integration and with NAIT's Applied Bio/Nanotechnology Industrial Research Chair. Its "Beta" unit is expected to be ready for commercial trials in 2017. What places the AOS above competing technologies is its exceptionally high rate of disinfection (100x more effective than the competition, as verified in poultry production applications) and remarkably low capital and operational costs, made possible by its extremely low amount of electrical energy required to power the oxidation process. Studies have shown the AOS to achieve remarkable rates of disinfection at less than 1/20th the electrical energy input of competing technologies. The AOS is scalable and modular in design to meet a wide variety of needs in the marketplace. BioLargo is already working on what it calls the "Gen 2 AOS" for ultra-high flow rates. Because the markets for the AOS are very large and the needs so great, management reports that they believe it is only a matter of time before industry adopts this new breakthrough low cost technology. Oil and gas companies such as Exxon Mobil Corporation (NYSE: XOM), Halliburton Company (NYSE: HAL), Schlumberger Limited (NYSE: SLB), Chevron Corporation (NYSE: CVX) and Royal Dutch Shell plc (NYSE: RDS-A) could dramatically reduce water transportation, sourcing and disposal costs by adopting the AOS. The AOS has been shown to be cost effective at removing problematic contaminants from oil & gas "produced water", and any technology such as the AOS that could cost-effectively enable water recycling on-site could slash costs and greatly improve the bottom line for many producers that are now suffering big losses due to persistently low oil prices. It could also alleviate the costly problem of injecting produced water deep into injection wells, and simultaneously reduce pollution. The maritime industry has increasing regulatory pressure to eliminate the detrimental transfer and release of invasive marine species through the discharge of ballast water. This issue prompted the International Maritime Organization to impose regulations for the treatment and discharge of ballast water, and these new rules are scheduled to come into force beginning September of 2017. An estimated 65,000 ships must adopt ballast water treatment systems type approved under the International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 (BWMC). Approved systems must disinfect seawater to specified standards without adding any toxic elements to the discharged water. Global Water Intelligence estimates that the average cost for each ballast water management system will be more than $750,000 and the total cost to outfit every vessel will be about $46.5 billion. Because it is the highest impact, lowest cost, lowest energy technology known that can solve this problem, the AOS is could be the most practical solution to maritime operators such as DryShips, Inc. (NASDAQ: DRYS), Navios Maritime Holdings, Inc. (NASDAQ: NM), Diana Shipping, Inc. (NYSE: DSX), Sino-Global Shipping America, Ltd. (NASDAQ: SINO), Diana Containerships Inc. (DCIX) and several others. In an effort to reduce the incidence of foodborne illness in the poultry industry, the U.S. Department of Agriculture's Food Safety and Inspection Service, FSIS, announced new, stricter federal standards to reduce Salmonella and Campylobacter in ground chicken and turkey products, as well as in raw chicken breasts, legs, and wings. The new regulations took effect July 1, 2016 and have the potential to impact sales of poultry processing operations of Tyson Foods, Inc. (NYSE: TSN), Pilgrims Pride Corporation, (NASDAQ: PPC), Sanderson Farms, Inc., (NASDAQ: SAFM), Hormel Foods Corporation, (NYSE: HRL), Perdue, Cargill, Smithfield Food, Inc., Conagra Foods, Inc., and every other poultry processor. Researchers at the University of Alberta confirmed that the AOS could be highly effective in reducing cross-contamination of pathogens when poultry is washed in chill tanks. Water quality of municipal water systems is also a growing concern and a few large water treatment companies that provide water services to millions of U.S. residents are American Water Works Company, Inc., (NYSE: AWK), American States Water Company (NYSE: AWR), Aqua America, Inc. (NYSE: WTR) and Veolia Environnement S.A. (OTC: VEOEY). The need for a better and lower cost clean water technology is urgent and CB&I may just be the perfect company to support implementation of breakthrough low-cost water and air treatment technologies developed by BioLargo, Inc. that can help solve problems across such a broad spectrum of industries. Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx. REDONDO BEACH, CA / ACCESSWIRE / December 13, 2016 / BioLargo, Inc. (OTCQB: BLGO), owner and developer of the breakthrough AOS (Advanced Oxidation System), a low-energy high-efficiency clean water technology, announced the start of a relationship with Chicago Bridge & Iron, NV (NYSE: CBI). According to the press release and a number of recent interviews with BioLargo's President & CEO, Dennis P. Calvert, the new relationship was formed to support the commercialization of BioLargo's proprietary technology and to provide independent performance verification. BioLargo also reports the AOS has been proven to disinfect and decontaminate water better, faster and at a lower cost than any other competing technology. Based on the breadth and significance of the technical performance claims for its AOS, BioLargo has a broad range of commercial opportunities for large industrial applications that must contend with water such as: maritime ballast water management systems, wastewater treatment, environmental remediation, food safety, oil & gas, mining, and agriculture. Its future uses also promise to impact the drinking water industry, including municipal, home use, and emerging nations. The company is also busy commercializing its new "CupriDyne Clean", an industrial odor control product launched last May. The company reports that the product is so effective and low-cost it is gaining rapid traction through trials with leaders within the waste handling industry and that it has had some early sales. Management believes sales will continue to climb, as they finalize supplier agreements with large multi-location customer accounts. CupriDyne Clean may also have an important role to play in industries that contend with volatile organic compounds like hydrogen sulfide (H2S) that impact air quality and safety. Dennis P. Calvert, President & CEO of BioLargo commented, "All of our technologies at BioLargo can serve a wide array of industrial customers that want clean water and clean air. Our mission to 'Make Life Better' includes helping industry tackle operational challenges cost effectively. That intersection of service is likely where our new relationship with CB&I will shine the brightest and we look forward to working with the exceptional team at CB&I to serve industry." With more than 40,000 employees, $13 billion in annual revenue and over $20 billion in future contracts, CB&I is a world-leading engineering, procurement, fabrication, and construction company, and a provider of environmental and infrastructure services. CB&I builds oil refineries, liquefied natural gas terminals, wastewater treatment plants, offshore platforms, and power plants. CB&I is also the world's largest tank construction company and builds tanks for the oil & gas, mining, water, and wastewater industries. The company also remediates hazardous waste problems. Clean water and clean air are at the heart of many of industries served by CB&I and BioLargo's technologies. Details in the first announcement were slim. This news sends notice to the investment world and to industry that Biolargo's technologies can have an important role to play in helping solve air and water contamination problems in a safe, effective and affordable way. Calvert has been quick to point out that the current version of the AOS has been engineered to serve entry-level clients and that important scale-up work is required to serve very large-scale industrial clients. BioLargo Water's research team recently showcased the first pre-commercial prototype of its AOS water treatment system, billed as the lowest cost and highest impact, scalable clean water technology in the world. By combining a cutting-edge carbon matrix, advanced iodine chemistry, and electrolysis, this technology rapidly and inexpensively eliminates bacteria and chemical contaminants in water without leaving residual toxins. University of Alberta researchers, in collaboration with BioLargo Water Scientists, have confirmed test results that validate the AOS achieves unprecedented rates of disinfection, eliminating infectious biological pathogens such as Salmonella, Listeria and E. coli. The AOS has also been proven effective in oxidizing and removing hard-to-manage soluble organics acids, aromatic compounds, and solvents faster than existing technologies and with very little input energy. Proven test results validate its important role for extremely high oxidation potential to tackle a long "watch list" of contaminants identified by the EPA. The company reports that future generations of the AOS will include the extraction and harvesting of important contaminants like sulfur, nitrates, phosphorus, and even heavy metals. The company's first "Alpha" AOS was constructed in collaboration with the Northern Alberta Institute of Technology (NAIT)'s Center for Sensors and Systems Integration and with NAIT's Applied Bio/Nanotechnology Industrial Research Chair. Its "Beta" unit is expected to be ready for commercial trials in 2017. What places the AOS above competing technologies is its exceptionally high rate of disinfection (100x more effective than the competition, as verified in poultry production applications) and remarkably low capital and operational costs, made possible by its extremely low amount of electrical energy required to power the oxidation process. Studies have shown the AOS to achieve remarkable rates of disinfection at less than 1/20th the electrical energy input of competing technologies. The AOS is scalable and modular in design to meet a wide variety of needs in the marketplace. BioLargo is already working on what it calls the "Gen 2 AOS" for ultra-high flow rates. Because the markets for the AOS are very large and the needs so great, management reports that they believe it is only a matter of time before industry adopts this new breakthrough low cost technology. Oil and gas companies such as Exxon Mobil Corporation (NYSE: XOM), Halliburton Company (NYSE: HAL), Schlumberger Limited (NYSE: SLB), Chevron Corporation (NYSE: CVX) and Royal Dutch Shell plc (NYSE: RDS-A) could dramatically reduce water transportation, sourcing and disposal costs by adopting the AOS. The AOS has been shown to be cost effective at removing problematic contaminants from oil & gas "produced water", and any technology such as the AOS that could cost-effectively enable water recycling on-site could slash costs and greatly improve the bottom line for many producers that are now suffering big losses due to persistently low oil prices. It could also alleviate the costly problem of injecting produced water deep into injection wells, and simultaneously reduce pollution. The maritime industry has increasing regulatory pressure to eliminate the detrimental transfer and release of invasive marine species through the discharge of ballast water. This issue prompted the International Maritime Organization to impose regulations for the treatment and discharge of ballast water, and these new rules are scheduled to come into force beginning September of 2017. An estimated 65,000 ships must adopt ballast water treatment systems type approved under the International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 (BWMC). Approved systems must disinfect seawater to specified standards without adding any toxic elements to the discharged water. Global Water Intelligence estimates that the average cost for each ballast water management system will be more than $750,000 and the total cost to outfit every vessel will be about $46.5 billion. Because it is the highest impact, lowest cost, lowest energy technology known that can solve this problem, the AOS is could be the most practical solution to maritime operators such as DryShips, Inc. (NASDAQ: DRYS), Navios Maritime Holdings, Inc. (NASDAQ: NM), Diana Shipping, Inc. (NYSE: DSX), Sino-Global Shipping America, Ltd. (NASDAQ: SINO), Diana Containerships Inc. (DCIX) and several others. In an effort to reduce the incidence of foodborne illness in the poultry industry, the U.S. Department of Agriculture's Food Safety and Inspection Service, FSIS, announced new, stricter federal standards to reduce Salmonella and Campylobacter in ground chicken and turkey products, as well as in raw chicken breasts, legs, and wings. The new regulations took effect July 1, 2016 and have the potential to impact sales of poultry processing operations of Tyson Foods, Inc. (NYSE: TSN), Pilgrims Pride Corporation, (NASDAQ: PPC), Sanderson Farms, Inc., (NASDAQ: SAFM), Hormel Foods Corporation, (NYSE: HRL), Perdue, Cargill, Smithfield Food, Inc., Conagra Foods, Inc., and every other poultry processor. Researchers at the University of Alberta confirmed that the AOS could be highly effective in reducing cross-contamination of pathogens when poultry is washed in chill tanks. Water quality of municipal water systems is also a growing concern and a few large water treatment companies that provide water services to millions of U.S. residents are American Water Works Company, Inc., (NYSE: AWK), American States Water Company (NYSE: AWR), Aqua America, Inc. (NYSE: WTR) and Veolia Environnement S.A. (OTC: VEOEY). The need for a better and lower cost clean water technology is urgent and CB&I may just be the perfect company to support implementation of breakthrough low-cost water and air treatment technologies developed by BioLargo, Inc. that can help solve problems across such a broad spectrum of industries. Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.


Rincon A.,Pilgrims Pride | Kerr W.L.,University of Georgia
Journal of Food Processing and Preservation | Year: 2010

The effect of osmotic drying on mango slices of different ripeness, subsequently frozen and stored at-18C during 20 weeks was evaluated. Osmotic treatments decreased moisture content, titratable acidity, vitamin C levels, lightness (L*) and firmness, while increasing total soluble solids. Subsequent freezing resulted in further decreases in acidity, vitamin C and firmness. However, samples treated with higher concentrations of sucrose showed less change in properties during frozen storage. Initially less ripe fruit could be softened somewhat by osmotic treatment, with firmness and cohesiveness maintained through frozen storage. Treated less ripe fruit also had. © 2010 Wiley Periodicals, Inc.


(1)  Reconciliations for non-GAAP measures are provided in subsequent sections within this release. “During Q3, our Fresh business continued to perform well driven by our differentiated portfolio strategy of having presence in all three bird sizes and strong relationships with key customers. Retail demand for our birds remained robust despite concerns about greater availability of other competing proteins. Within exports, volumes are also improving from a year ago, which improves value for the back half of the bird, and supportive of the overall cutout,” stated Bill Lovette, Chief Executive Officer of Pilgrim's. “The conversion of our existing facility to certified USDA organic chicken production is proceeding well and we plan to have the first chicken to market in Q1 of 2017. Additionally, we are starting work on converting one of our case-ready plants to produce ABF, veg-fed chicken. Together with our prior announcements on organic and ABF Fresh chicken as well as further processed products, we believe the latest conversion reinforces our strategy to better resonate with new consumer trends for more natural products while adding further value to our portfolio and supporting the growth of key customers. Furthermore, these investments signify our commitment to look for new sources of potential earnings driver while lessening the impact of volatile commodity markets in the long run.” “Market environment in Mexico during Q3 followed its normal seasonality and our team members were relentless and continued to improve on the operating performance of the legacy business as well as implement synergies with the newly acquired assets. Despite the impact of unfavorable grain cost and exchange rate, our profitability in Mexico has remained steady compared to last year, which is a positive sign of the potential leverage we have within our operations. The outlook for Mexico remains very strong and we will continue to grow our offerings in the region, together with leveraging our strong fresh brand to leverage the growth of our Prepared Foods business.” A conference call to discuss Pilgrim’s quarterly results will be held tomorrow, October 27, at 7:00 a.m. MT (9 a.m. ET).  Participants are encouraged to pre-register for the conference call using the link below.  Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator.  Participants may pre-register at any time, including up to and after the call start time. To pre-register, go to: http://services.choruscall.com/links/ppc161027.html You may also reach the pre-registration link by logging in through the investor section of our website at www.pilgrims.com and clicking on the link under “Upcoming Events.” For those who would like to join the call but have not pre-registered, access is available by dialing +1 (844) 883-3889 within the US, or +1 (412) 317-9245 internationally, and requesting the “Pilgrim’s Pride Conference.” Please note that to submit a question to management during the call, you must be logged in via telephone. Replays of the conference call will be available on Pilgrim’s website approximately two hours after the call concludes and can be accessed through the “Investor” section of www.pilgrims.com. The webcast will be available for replay through January 27, 2017. Pilgrim’s employs approximately 38,200 people and operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico.  The Company’s primary distribution is through retailers and foodservice distributors.  For more information, please visit www.pilgrims.com. Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim’s Pride Corporation and its management are considered forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: matters affecting the poultry industry generally; the ability to execute the Company’s business plan to achieve desired cost savings and profitability; future pricing for feed ingredients and the Company’s products; outbreaks of avian influenza or other diseases, either in Pilgrim’s Pride’s flocks or elsewhere, affecting its ability to conduct its operations and/or demand for its poultry products; contamination of Pilgrim’s Pride’s products, which has previously and can in the future lead to product liability claims and product recalls; exposure to risks related to product liability, product recalls, property damage and injuries to persons, for which insurance coverage is expensive, limited and potentially inadequate; management of cash resources; restrictions imposed by, and as a result of, Pilgrim’s Pride’s leverage; changes in laws or regulations affecting Pilgrim’s Pride’s operations or the application thereof; new immigration legislation or increased enforcement efforts in connection with existing immigration legislation that cause the costs of doing business to increase, cause Pilgrim’s Pride to change the way in which it does business, or otherwise disrupt its operations; competitive factors and pricing pressures or the loss of one or more of Pilgrim’s Pride’s largest customers; currency exchange rate fluctuations, trade barriers, exchange controls, expropriation and other risks associated with foreign operations; disruptions in international markets and distribution channel, including anti-dumping proceedings and countervailing duty proceedings; and the impact of uncertainties of litigation as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Pilgrim’s Pride Corporation undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. “EBITDA” is defined as the sum of net income (loss) plus interest, taxes, depreciation and amortization.  “Adjusted EBITDA” is calculated by adding to EBITDA certain items of expense and deducting from EBITDA certain items of income that we believe are not indicative of our ongoing operating performance consisting of: (i) income (loss) attributable to non-controlling interests, (ii) restructuring charges, (iii) reorganization items, (iv) losses on early extinguishment of debt and (v) foreign currency transaction losses (gains). EBITDA is presented because it is used by management and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with accounting principles generally accepted in the US (“GAAP”), to compare the performance of companies.  We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA.  The Company also believes that Adjusted EBITDA, in combination with the Company’s financial results calculated in accordance with GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors.  EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP.  They should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with GAAP. The summary unaudited consolidated income statement data for the twelve months ended September 25, 2016 (the LTM Period) have been calculated by subtracting the applicable unaudited consolidated income statement data for the nine months ended September 27, 2015 from the sum of (1) the applicable audited consolidated income statement data for the year ended December 27, 2015 and (2) the applicable audited consolidated income statement data for the nine months ended September 25, 2016. EBITDA margins have been calculated by taking the relevant unaudited EBITDA figures, then dividing by Net Revenue for the applicable period. A reconciliation of net income (loss) attributable to Pilgrim's Pride Corporation per common diluted share to adjusted net income (loss) attributable to Pilgrim's Pride Corporation per common diluted share is as follows: A reconciliation of GAAP earnings per share (EPS) to adjusted earnings per share (EPS) is as follows: Net debt is defined as total long term debt less current maturities, plus current maturities of long term debt and notes payable, minus cash, cash equivalents and investments in available-for-sale securities.  Net debt is presented because it is used by management, and we believe it is frequently used by securities analysts, investors and other parties, in addition to and not in lieu of debt as presented under GAAP, to compare the indebtedness of companies.  A reconciliation of net debt is as follows:


(1)  Reconciliations for non-GAAP measures are provided in subsequent sections within this release. “During Q3, our Fresh business continued to perform well driven by our differentiated portfolio strategy of having presence in all three bird sizes and strong relationships with key customers. Retail demand for our birds remained robust despite concerns about greater availability of other competing proteins. Within exports, volumes are also improving from a year ago, which improves value for the back half of the bird, and supportive of the overall cutout,” stated Bill Lovette, Chief Executive Officer of Pilgrim's. “The conversion of our existing facility to certified USDA organic chicken production is proceeding well and we plan to have the first chicken to market in Q1 of 2017. Additionally, we are starting work on converting one of our case-ready plants to produce ABF, veg-fed chicken. Together with our prior announcements on organic and ABF Fresh chicken as well as further processed products, we believe the latest conversion reinforces our strategy to better resonate with new consumer trends for more natural products while adding further value to our portfolio and supporting the growth of key customers. Furthermore, these investments signify our commitment to look for new sources of potential earnings driver while lessening the impact of volatile commodity markets in the long run.” “Market environment in Mexico during Q3 followed its normal seasonality and our team members were relentless and continued to improve on the operating performance of the legacy business as well as implement synergies with the newly acquired assets. Despite the impact of unfavorable grain cost and exchange rate, our profitability in Mexico has remained steady compared to last year, which is a positive sign of the potential leverage we have within our operations. The outlook for Mexico remains very strong and we will continue to grow our offerings in the region, together with leveraging our strong fresh brand to leverage the growth of our Prepared Foods business.” A conference call to discuss Pilgrim’s quarterly results will be held tomorrow, October 27, at 7:00 a.m. MT (9 a.m. ET).  Participants are encouraged to pre-register for the conference call using the link below.  Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator.  Participants may pre-register at any time, including up to and after the call start time. To pre-register, go to: http://services.choruscall.com/links/ppc161027.html You may also reach the pre-registration link by logging in through the investor section of our website at www.pilgrims.com and clicking on the link under “Upcoming Events.” For those who would like to join the call but have not pre-registered, access is available by dialing +1 (844) 883-3889 within the US, or +1 (412) 317-9245 internationally, and requesting the “Pilgrim’s Pride Conference.” Please note that to submit a question to management during the call, you must be logged in via telephone. Replays of the conference call will be available on Pilgrim’s website approximately two hours after the call concludes and can be accessed through the “Investor” section of www.pilgrims.com. The webcast will be available for replay through January 27, 2017. Pilgrim’s employs approximately 38,200 people and operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico.  The Company’s primary distribution is through retailers and foodservice distributors.  For more information, please visit www.pilgrims.com. Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim’s Pride Corporation and its management are considered forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: matters affecting the poultry industry generally; the ability to execute the Company’s business plan to achieve desired cost savings and profitability; future pricing for feed ingredients and the Company’s products; outbreaks of avian influenza or other diseases, either in Pilgrim’s Pride’s flocks or elsewhere, affecting its ability to conduct its operations and/or demand for its poultry products; contamination of Pilgrim’s Pride’s products, which has previously and can in the future lead to product liability claims and product recalls; exposure to risks related to product liability, product recalls, property damage and injuries to persons, for which insurance coverage is expensive, limited and potentially inadequate; management of cash resources; restrictions imposed by, and as a result of, Pilgrim’s Pride’s leverage; changes in laws or regulations affecting Pilgrim’s Pride’s operations or the application thereof; new immigration legislation or increased enforcement efforts in connection with existing immigration legislation that cause the costs of doing business to increase, cause Pilgrim’s Pride to change the way in which it does business, or otherwise disrupt its operations; competitive factors and pricing pressures or the loss of one or more of Pilgrim’s Pride’s largest customers; currency exchange rate fluctuations, trade barriers, exchange controls, expropriation and other risks associated with foreign operations; disruptions in international markets and distribution channel, including anti-dumping proceedings and countervailing duty proceedings; and the impact of uncertainties of litigation as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Pilgrim’s Pride Corporation undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. “EBITDA” is defined as the sum of net income (loss) plus interest, taxes, depreciation and amortization.  “Adjusted EBITDA” is calculated by adding to EBITDA certain items of expense and deducting from EBITDA certain items of income that we believe are not indicative of our ongoing operating performance consisting of: (i) income (loss) attributable to non-controlling interests, (ii) restructuring charges, (iii) reorganization items, (iv) losses on early extinguishment of debt and (v) foreign currency transaction losses (gains). EBITDA is presented because it is used by management and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with accounting principles generally accepted in the US (“GAAP”), to compare the performance of companies.  We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA.  The Company also believes that Adjusted EBITDA, in combination with the Company’s financial results calculated in accordance with GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors.  EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP.  They should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with GAAP. The summary unaudited consolidated income statement data for the twelve months ended September 25, 2016 (the LTM Period) have been calculated by subtracting the applicable unaudited consolidated income statement data for the nine months ended September 27, 2015 from the sum of (1) the applicable audited consolidated income statement data for the year ended December 27, 2015 and (2) the applicable audited consolidated income statement data for the nine months ended September 25, 2016. EBITDA margins have been calculated by taking the relevant unaudited EBITDA figures, then dividing by Net Revenue for the applicable period. A reconciliation of net income (loss) attributable to Pilgrim's Pride Corporation per common diluted share to adjusted net income (loss) attributable to Pilgrim's Pride Corporation per common diluted share is as follows: A reconciliation of GAAP earnings per share (EPS) to adjusted earnings per share (EPS) is as follows: Net debt is defined as total long term debt less current maturities, plus current maturities of long term debt and notes payable, minus cash, cash equivalents and investments in available-for-sale securities.  Net debt is presented because it is used by management, and we believe it is frequently used by securities analysts, investors and other parties, in addition to and not in lieu of debt as presented under GAAP, to compare the indebtedness of companies.  A reconciliation of net debt is as follows:


News Article | February 27, 2017
Site: globenewswire.com

GREELEY, Colo., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) will host its annual meeting of shareholders on Friday, April 28, 2017, at 8 a.m. Mountain / 10 a.m. Eastern. This meeting, which will include a review of fiscal year 2016 and other business as may be properly brought before the meeting, will take place at Pilgrim's Pride Corporation headquarters at 1770 Promontory Circle in Greeley, Colorado.  Pilgrim’s employs approximately 41,400 people and operates chicken processing plants and prepared-foods facilities in 14 states, Puerto Rico and Mexico.  The Company’s primary distribution is through retailers and foodservice distributors.  For more information, please visit www.pilgrims.com.


News Article | February 8, 2017
Site: globenewswire.com

Sarasota, FL, Feb. 08, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Processed Meat Market (Cured Processed, Uncured Processed and Others) by Meat Type (Poultry, Pork, Mutton, Beef and Other); by Types (Chilled Processed Meat, Frozen Processed Meat, Canned/Preserved Meat and Meat Products and Frozen Processed Red Meat): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”.  According to the report, the global processed meat market was valued at around USD 714.00 billion in 2016 and is expected to reach approximately USD 1,567.00 billion by 2022, growing at a CAGR of around 14.0% between 2017 and 2022. Processed meat is derived from the processing and treatment of meat to prolong its shelf life and to enhance its taste. Meat is mainly processed to improve its shelf life, quality and preserve it from decay and to add flavors to its original composition. Browse through 82 Market Tables and 25 Figures spread through 110 Pages and in-depth TOC on “Global Processed Meat Market: By Type, Product, Size, Share, Trends, Segments, Analysis, Segment and Forecast 2016 – 2022”. Processed meat is expected to exhibit high gains in light of increasing demand for processed meat coupled with increasing disposable income in emerging countries. Moreover, rising consumer awareness regarding animal protein rich diet and large varieties of processed meat available in the market at lower prices is further expected to boost the demand for processed meat. However, health awareness regarding consumption of processed meat due to its side effects may curb the market growth. Nonetheless, meat consumption in developing countries is continuously increasing. Thus, increasing demand from emerging economies is expected to open up new growth opportunities within the forecast period. Some of the key products include cured processed, uncured processed and others. In terms of volume, cured processed was the largest segment and is expected to witness exponential growth in the near future. These products contain nitrites, which used to prevent the growth of pathogenic bacteria and increase the shelf life of the meat. Uncured poultry meat is another key outlet of this market. Browse the full "Processed Meat Market (Cured Processed, Uncured Processed and Others) by Meat Type (Poultry, Pork, Mutton, Beef and Other); by Types (Chilled Processed Meat, Frozen Processed Meat, Canned/Preserved Meat and Meat Products and Frozen Processed Red Meat): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/processed-meat-market Processed meat market can be categorized on the basis of meat type into poultry, pork, mutton, beef and other processed meat. Processed poultry dominated the segment of this market and it accounted for significant share of the overall market in 2016. Processed pork is expected to witness the fastest growth over the years to come. This growth can be attributed to growing demand for different processed pork products such as sausages, bacon, hamburgers, and trotters. Based on types, the processed meat market can be segmented into chilled processed meat, frozen processed meat, canned/preserved meat and meat products and frozen processed red meat. Chilled processed meat was the leading segment and is expected to show strong growth within the forecast period. This is mainly due to increase demand for quick meal. Frozen processed meat is also expected to show significant growth in the years to come. Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/processed-meat-market North America’s dominance in the processed meat market is expected to continue in the years to come, primarily driven by the U.S. market. North America accounted for over 30% share of total market share in 2016. Increasing population coupled with high demand for protein products is further expected to drive the market growth in the years to come. Increasing consumption of red meat in Mexico is expected to have a positive impact on the growth of the market. Asia Pacific is another key market in the global processed meat market. This growth is mainly attributed to strong economic growth coupled with increasing demand for processed meat. Moreover, increasing in food service and retail industry in Asia has led to increased supply of processed meat products. China over the last decade has emerged as the largest consumer of processed meat market. In Europe consumption of processed meat has slowed down due to increasing awareness among the people about the health hazards of processed meat. Russia is expected to witness the fastest growth rate in Europe on account of increasing demand for processed meat. Middle East & Africa is estimated to witness significant growth during the forecast period. Increasing demand for instant food has, in turn, made the region a potential growth of processed meat market. Latin America is another key region expected to exhibit substantial growth in the years to come. The Latin America processed meat market is led by Brazil. Also, rising demand for meat as a source of protein is expected to drive the market growth in the near future. Some of the key players operating in this market such as JBS SA, Pilgrims Pride Corp., Sysco Corp., Advance Pierre Foods, Hormel Food, Tyson Foods Inc., Cargill Inc., Keystone Foods, Sanderson farms, BRF S.A., Marfrig Group and others. The major players in the market are focused on the expansion of the business by different new strategies such as setting up the new plant to increase production capacity and also extending the product line. For more inquiry contact our sales team @ sales@zionmarketresearch.com This report segments the global processed meat market as follows: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.


Pilgrims Pride | Entity website

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Pilgrims Pride | Entity website

People everywhere love Pilgrim's boneless, skinless thighs for a variety of reasons: you can make nearly any chicken recipe with them, each package provides an ample amount of meat, there's no hassle with bones and skinless means it's one of the leanest cuts of meat you can eat, with only 110 calories per serving. In other words, they're healthy, delicious and a breeze to cook ...

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