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Smithfield Foods (SFD) investor relations material
Smithfield Foods Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record third-quarter adjusted operating profit of $310 million, up 8.5% year-over-year, with an 8.3% margin, and record adjusted net income of $230 million, up 13.3% year-over-year.
Sales for Q3 2025 rose 12.4% year-over-year to $3.75 billion, with net income from continuing operations up 20.5% to $252 million and EPS from continuing operations at $0.63.
Packaged Meats segment delivered its second-highest third-quarter profit despite higher raw material costs and cautious consumer spending.
Hog production segment profit more than doubled year-over-year, offsetting fresh pork segment headwinds.
The company completed its IPO in January 2025, raising $236 million, and executed a secondary offering in Q3, with the parent retaining 87% ownership.
Financial highlights
Consolidated sales reached $3.7 billion, up 12.4% year-over-year, driven by growth across all segments.
Adjusted EPS was $0.58, up 9.4% from $0.53 in the prior year; diluted EPS from continuing operations was $0.63.
Adjusted EBITDA for Q3 was $398 million (10.6% margin); net income from continuing operations was $252 million.
Packaged meats segment posted $226 million in adjusted operating profit (10.8% margin), with sales up 9.1% year-over-year.
Hog production segment profit rose to $89 million, with sales up 10.1% despite a 25% reduction in hogs produced.
Outlook and guidance
Fiscal 2025 adjusted operating profit guidance raised to $1.225–$1.325 billion, a $25 million midpoint increase from last quarter.
Packaged meats segment profit expected at $1.06–$1.11 billion; fresh pork at $150–$200 million; hog production at $125–$150 million.
Total company sales expected to grow low to mid-single digits year-over-year, excluding joint venture and certain Hog Production sales.
Capital expenditures for 2025 projected at $350–$400 million; effective tax rate expected at 23–25%.
Annual dividend rate for 2025 anticipated at $1.00 per share.
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