Butterball will sponsor the Triangle American Heart Association’s My Heart. My Life. initiative. This sponsorship aligns the American Heart Association’s mission with Butterball’s corporate citizenship program, Traditions with Purpose, which reinforces the importance of nutritious eating and overall well-being, and places Butterball team members at the heart of the business. Butterball’s support of the My Heart. My Life initiative is a further extension of its current relationship with the American Heart Association. For the past several years, nearly two dozen of Butterball’s turkey products have carried the American Heart Association’s Heart Check seal.
Through Traditions with Purpose, Butterball makes every effort to create a positive influence in key areas of its business – to engage and enhance the lives of team members, deliver the highest quality food to consumers’ plates, provide a safe, clean environment for future generations, and invest in the communities that team members call home. With the My Heart. My Life. sponsorship, Butterball will encourage its team members to participate in healthy activities and give back to the local community, ultimately supporting the American Heart Association in achieving an impact goal of improving the cardiovascular health of all Americans by 20 percent.
“At Butterball, our team members’ well-being is of utmost importance,” said Kerry Doughty, president and CEO. “We are committed to empowering our team members to proactively manage their health, and also support the communities where we live and work. Through our Traditions with Purpose platform and this American Heart Association sponsorship, our team members will have opportunities throughout the year to engage in activities to improve both their personal health and that of our communities.”
Activities through the My Heart. My Life. initiative provide Butterball team members with multiple opportunities to volunteer and engage in the cause, including the upcoming Triangle Heart Walk. All funds raised through Heart Walk will support the American Heart Association’s mission to build healthier lives, free of cardiovascular diseases and stroke, the leading causes of death and disability in the U.S.
“Butterball’s support of the My Heart. My Life. initiative will allow us to make an even deeper impact in the communities throughout the Triangle area of North Carolina,” said Debra Lowder, American Heart Association senior director, corporate development. “Butterball’s commitment to giving back through Traditions with Purpose is evident in the sponsorship of the American Heart Association’s work to reduce the risk of cardiovascular diseases and stroke. We look forward to working together in the year ahead.”
Andrea Gantz
Seaboard's turkey and pork segments helped lift Seaboard's net income for the third quarter of fiscal year 2014.
From WATTAgNet:
Net income for Seaboard Corp. rose in the third quarter, anchored by the strength of its turkey and pork segments. The company reported net income for the third quarter of $104.7 million or $89.49 per share, compared to $31.0 million or $25.99 per share for the year-ago quarter.
Net sales for the third quarter fell to $1.62 billion from $1.65 billion during the same quarter in 2013.
Turkey segment's net income surges
The Seaboard turkey segment, Butterball, reported an income of $14.3 million, compared to a loss of nearly $4 million during the third quarter of 2014. Net sales for the turkey segment amounted to $487 million, an improvement from the $445 million recorded during the same quarter in 2013.
Seaboard pork segment doubles income
Seaboard’s pork segment saw its income more than double, reaching $70 million in the first quarter, up from the $34 million recorded during the same period in 2013. The pork segment’s sales for the quarter reached $455 million, up from the $436 million achieved during the same period of 2013.
As of September 27, Seaboard's pork segment sold a 50 percent interest in Daily's Premium Meats, its processed meats division, to Triumph Foods. Included in net earnings attributable to Seaboard for the three and nine months ended September 27, is a gain on sale of controlling interest in subsidiary of $39,279,000 net of taxes, or $33.56 and $33.25 per share, respectively (a $64,392,000 gain before taxes). The final sale price is subject to agreement on the final working capital adjustments but any such remaining adjustment is not anticipated to be significant.
Net income for Seaboard Corp. rose in the third quarter, anchored by the strength of its turkey and pork segments. The company reported net income for the third quarter of $104.7 million or $89.49 per share, compared to $31.0 million or $25.99 per share for the year-ago quarter.
Net sales for the third quarter fell to $1.62 billion from $1.65 billion during the same quarter in 2013.
Turkey segment's net income surges
The Seaboard turkey segment, Butterball, reported an income of $14.3 million, compared to a loss of nearly $4 million during the third quarter of 2014. Net sales for the turkey segment amounted to $487 million, an improvement from the $445 million recorded during the same quarter in 2013.
Seaboard pork segment doubles income
Seaboard’s pork segment saw its income more than double, reaching $70 million in the first quarter, up from the $34 million recorded during the same period in 2013. The pork segment’s sales for the quarter reached $455 million, up from the $436 million achieved during the same period of 2013.
As of September 27, Seaboard's pork segment sold a 50 percent interest in Daily's Premium Meats, its processed meats division, to Triumph Foods. Included in net earnings attributable to Seaboard for the three and nine months ended September 27, is a gain on sale of controlling interest in subsidiary of $39,279,000 net of taxes, or $33.56 and $33.25 per share, respectively (a $64,392,000 gain before taxes). The final sale price is subject to agreement on the final working capital adjustments but any such remaining adjustment is not anticipated to be significant.

