QUARTERLY RESULTS (UNAUDITED)



2017	First ^(a)		Second^(b)		Third^(c)		Fourth^(d)		Year
	(In thousands, except per share data)
Net sales	$	2,479,340	$	2,752,286	$	2,793,885	$	2,742,352	$	10,767,863
Gross profit	256,388		474,838		478,584		261,804		1,471,614
Net income attributable to PPC common stockholders	93,921		233,641		232,680		134,337		694,579
Net income per share amounts - basic	0.38		0.94		0.94		0.54		2.79
Net income per share amounts - diluted	0.38		0.94		0.93		0.54		2.79
Number of days in period	91		91		91		98		371



2016	First		Second		Third		Fourth^(e)		Year
	(In thousands, except per share data)
Net sales	$	2,460,410	$	2,551,990	$	2,495,281	$	2,370,883	$	9,878,564
Gross profit (loss)	284,257		337,796		253,060		228,870		1,103,983
Net income attributable to PPC common stockholders	118,371		152,886		98,657		70,618		440,532
Net income per share amounts - basic	0.46		0.60		0.39		0.29		1.74
Net income per share amounts - diluted	0.46		0.60		0.39		0.28		1.73
Number of days in period	91		91		91		91		364



2015	First		Second^(f)		Third^(g)		Fourth^(g)		Year
	(In thousands, except per share data)
Net sales	$	2,052,919	$	2,053,876	$	2,112,529	$	2,533,348	$	8,752,672
Gross profit	377,120		432,020		284,544		205,040		1,298,724
Net income attributable to PPC common stockholders	204,215		241,489		137,062		63,148		645,914
Net income per share amounts - basic	0.79		0.93		0.53		0.25		2.50
Net income per share amounts - diluted	0.79		0.93		0.53		0.25		2.50
Number of days in period	91		91		91		91		364


(a)	In the first quarter of 2017, the company had transaction costs of approximately $0.6 million for the acquisition of GNP.


(b)	In the second quarter of 2017, the company recognized impairment charges of approximately $3.5 million related to our Athens, Alabama plant held for sale.


(c)	In the third quarter of 2017, the company had transaction costs of approximately $15 million for the acquisition of Moy Park.


(d)	In the fourth quarter of 2017, the company had transaction costs of approximately $4.5 million for the acquisition of Moy Park.


(e)	In the fourth quarter of 2016, the company recognized impairment charges of $0.8 million and $0.3 million related to our Dallas, Texas and Bossier City, Louisiana plants held for sale.


(f)	In the second quarter of 2015, the Company recognized impairment charges of $4.8 million related to our Dallas, Texas and Bossier City, Louisiana plants held for sale.

(g)

On June 29, 2015, the Company acquired, indirectly through certain of its Mexican subsidiaries, 100% of the equity of Tyson Mexico from Tyson Foods, Inc. and certain of its subsidiaries. The results of operations of the acquired business since June 29, 2015 are included in the Company’s Consolidated and Combined Statements of Operations. Net sales generated by the acquired business during the third and fourth quarters of 2015 were $128.9 million and $121.7 million, respectively. The acquired business incurred net losses of $2.9 million and $10.8 million during the third and fourth quarters of 2015, respectively.