Patrick Cudahy parent Smithfield posts profit growth - Kansas City Business Journal:

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In a release Thursday, the Va., pork and beef products company SFD) reported earnings of $37 million, or 33 centd a share, for the quarter that endedf April 29. This compares with earnings of $1.1 million, or 1 cent a for the same period last year when the firmreportede $10 million in restructuring Sales for the quarter were $3.06 up 14 percent from $2.68 billion last Sales in the fourth quarter increased in the company' pork, beef and hog production divisions and decreased in its internationap and other divisions compared with last year.
The compan said sales virtually doubled in many importantgproduct categories, including pre-cooked baco n and lunch meats, two product categoriezs supplied by Patrick Cudahy. For all of fiscall 2007, the company reported earningsof $166.i million, or $1.49 a share, down 3 percenf from $172.7 million, or $1.54 a share, in fiscal 2006. Salee for the year were $11.9 up 4 percent from $11.45 billion in fiscal 2006. Sales for the year increased in the pork division and decreaseed in the other divisions compared with theprio year. Fiscal 2007 included pretax chargedsof $12.
4 million, or 7 cents a for impairments in the beef segment and the company'sw investment in hog production operations in Brazil. The company also named Carey Dubois as vice presidentand CFO, effective July 1. In the past 20 Dubois has held financial positions atBunge Ltd., Pepski Bottling Group, Joseph E. Seagram and Sons, and Louis Dreyfus Corp. He succeed Robert Manly IV, executive vice who has been serving asinterim CFO. Smithfieldr is the leading processor and marketerr of fresh pork and processes meats in theUnited States, and the largestr producer of hogs.