The company recognized net income of $39.6 million during the first quarter of 2012, compared to a loss of $119.9 million in the same quarter of the prior year.
"While 2011 was an extremely challenging year, it was also transformational with respect to Pilgrim's operating model," stated Bill Lovette, Pilgrim's CEO.
Pilgrim's Pride Corp. reported a net loss of $162.5 million, or $0.76 per share, on net sales of $1.9 billion for the third quarter ended September 25, 2011.
Although he only recently moved into the executive suite at Pilgrim's Pride headquarters in Pittsburg, Texas, Clint Rivers is a proven leader with 21 years of poultry industry experience and