AdvancePierre Foods Announces First Quarter 2017 Financial Results

CINCINNATI--(BUSINESS WIRE)--AdvancePierre Foods Holdings, Inc. (NYSE:APFH) (“AdvancePierre” or the “Company”), a leading national producer and distributor of sandwiches, sandwich components and other entrées and snacks, today reported financial results for the first quarter ended April 1, 2017. 

First Quarter Highlights 

• GAAP net income of $28.2 million, or $0.36 per diluted share, and Adjusted Net Income1 of $24.3 million, or $0.31 per diluted share. 
• Net sales of $402.7 million included organic core volume growth² of 0.5%. 
• Adjusted EBITDA¹ of $75.8 million. 
• Quarterly dividend of $12.7 million, or $0.16 per share in the first quarter. 

¹See “About Non-GAAP Financial Measures” 

²”Organic core volume growth” refers to the period-to-period change in volume generated by the Company’s three core segments, excluding volume from acquisitions and the industrial segment. 

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