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Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia. It operates as a wholly-owned subsidiary of the Chinese-owned conglomerate WH Group . [4] [a] Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. [5]
The Smithfield Packing Company sells meat products such as ham, ground pork, pork chops, bacon, and lunch meat. It sells its products worldwide. The company was founded in 1936. It is based in Smithfield, Virginia. It is part of Smithfield Foods which is in turn a subsidiary of WH Group.
Joseph W. Luter III (born July 17, 1939) is the former chairman of Smithfield Foods, the world's largest hog producer and pork processor.
Over the past 12 months, Smithfield Foods generated $403.8 million cash while it booked net income of $340.9 million. That means it turned 3.1% of its revenue into FCF. That sounds OK.
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Smithfield Foods Inc. (NYSE: SFD) reported third-quarter fiscal 2013 results before markets opened this morning. The food processing firm reported adjusted diluted earnings per share (EPS) of $0. ...