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Pinnacle Foods Inc (PF.N)

PF.N on New York Stock Exchange

57.88USD
24 Mar 2017
Change (% chg)

$-0.12 (-0.21%)
Prev Close
$58.00
Open
$58.18
Day's High
$58.25
Day's Low
$57.71
Volume
171,736
Avg. Vol
244,726
52-wk High
$59.10
52-wk Low
$41.48

Latest Key Developments (Source: Significant Developments)

Pinnacle Foods sees FY 2017 adjusted earnings per share $2.55 to $2.60
Thursday, 23 Mar 2017 06:30am EDT 

Pinnacle Foods Inc - : Pinnacle Foods Inc affirms guidance for 2017 . Sees FY 2017 adjusted earnings per share $2.55 to $2.60 .Fy2017 earnings per share view $2.58, revenue view $3.22 billion -- Thomson Reuters I/B/E/S.  Full Article

Pinnacle Foods Q4 adjusted earnings 79 cents/shr
Thursday, 23 Feb 2017 05:45am EST 

Pinnacle Foods Inc : Pinnacle foods inc. Reports q4 and full year 2016 results . Q4 adjusted earnings per share $0.79 . Q4 earnings per share $0.74 . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Sees fy 2017 adjusted earnings per share $2.55 to $2.60 including items . Pinnacle foods inc says capital expenditures for full year are expected to be in range of $120 million to $130 million . Fy2017 earnings per share view $2.50 . Pinnacle foods -impact of later easter in 2017 is expected to shift about 2% of net sales and about $0.01 of adjusted diluted eps from q1 to q2 . Pinnacle foods inc - qtrly net sale $858.5 million versus $722.5 million . Pinnacle foods inc - input cost inflation for year is estimated in range of 2.5% to 3.0% .Q4 revenue view $851.5 million -- Thomson Reuters I/B/E/S.  Full Article

Pinnacle Foods completes pricing for previously-announced refinancing
Tuesday, 31 Jan 2017 08:00am EST 

Pinnacle Foods Inc : Pinnacle Foods Inc completes pricing for previously-announced refinancing . Pinnacle Foods Inc- Pinnacle increased its guidance for adjusted diluted EPS for 2017 by $0.03 to a range of $2.46 to $2.51 . Pinnacle Foods Inc- priced new $2,262 million term loan b, which matures in February 2024, at libor + 200 basis points . Pinnacle Foods Inc- upsized its revolving credit facility, from $150 million to a new $225 million five-year facility .Pinnacle Foods - expects pricing, along with anticipated $200 million term loan repayment, to result in interest expense for 2017 modestly above $130 million.  Full Article

Pinnacle Foods Inc launches proposed refinancing
Monday, 23 Jan 2017 08:15am EST 

Pinnacle Foods Inc : Pinnacle Foods Inc launches proposed refinancing . Pinnacle Foods Inc - strengthened its outlook for adjusted diluted EPS for 2016 to high end of its guidance range . Pinnacle Foods Inc - reiterated its outlook for adjusted diluted EPS for fiscal 2017 in range of $2.43 to $2.48, excluding items . FY2016 earnings per share view $2.14 -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $2.48 -- Thomson Reuters I/B/E/S . Pinnacle Foods Inc - intends to launch a refinancing of its outstanding indebtedness under its senior secured credit facilities .Pinnacle Foods Inc - refinancing expected to result in interest expense comparable to or slightly below 2016, despite rising interest rate environment.  Full Article

Pinnacle Foods to relocate Evol Manufacturing operations to existing pinnacle facility in Fayetteville, AR
Thursday, 18 Aug 2016 04:30pm EDT 

Pinnacle Foods Inc: Announced plans to relocate evol manufacturing operations to an existing pinnacle facility in fayetteville, ar . Says anticipates evol plant will close in q1 of 2017 . Approximately 85 affected employees at evol facility will be encouraged to apply for open positions at other pinnacle facilities . Says will be investing in fayetteville facility to upgrade existing manufacturing capabilities .Pinnacle Foods to relocate Evol® Frozen Foods Production to support long-term growth.  Full Article

Pinnacle Foods says qtrly dividend rose to $1.14 per share from $1.02 per share
Tuesday, 16 Aug 2016 04:58pm EDT 

Pinnacle Foods Inc : Announces double-digit increase in quarterly dividend .On an annualized basis, new dividend increases to $1.14 per share, from previous annualized rate of $1.02 per share.  Full Article

Pinnacle Foods reports Q2 earnings per share $0.39
Thursday, 28 Jul 2016 08:00am EDT 

Pinnacle Foods Inc : Pinnacle Foods reports strong second quarter results and raises guidance for the year . Raised its guidance for year . Input cost inflation outlook has improved to be at low end of company's 2 pct to 3 pct guidance range for year . FY 2016 earnings per share view $2.11 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.42 excluding items . Q2 earnings per share $0.39 . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Sees FY 2016 adjusted earnings per share $2.10 to $2.15 . Q2 sales $756.4 million versus I/B/E/S view $755.4 million . Boulder brands is now expected to contribute approximately $0.07 to $0.08 of adjusted diluted EPS for year . Capital expenditures for full year are now expected in range of $115 million to $125 million .Productivity for year remains estimated in range of 3.5 pct to 4.0 pct of cost of products sold.  Full Article

Pinnacle Foods completes successful repricing of its term loan I
Tuesday, 26 Jul 2016 04:30pm EDT 

Pinnacle Foods Inc : Repricing of its existing $550 million term loan I, issued in connection with Boulder Brands acquisition earlier this year . Pinnacle Foods completes successful repricing of its term loan I . Transaction reduced interest rate spread on term loan by 25 basis points to libor + 275 basis points . Expects interest savings over life of loan, which matures in January of 2023, to total approximately $10 million .Expected interest savings in 2016 are estimated to be less than $1 million.  Full Article

U.S. FDA says Pinnacle Foods voluntarily recalls limited quantity of C&W Early Harvest Petite Peas
Tuesday, 21 Jun 2016 06:05pm EDT 

U.S. FDA: Pinnacle foods voluntarily recalls limited quantity of c&w early harvest petite peas, c&w petite peas due to possible listeria contamination .No illnesses have been reported to date.  Full Article

Pinnacle Foods reaffirms 2016 guidance
Friday, 20 May 2016 08:32am EDT 

Pinnacle Foods Inc : Pinnacle Foods reaffirms its 2016 guidance in connection with upcoming CEO welcome reception for Mark Clouse . Reaffirms FY 2016 earnings per share view $2.08 to $2.13 excluding items .FY 2016 earnings per share view $2.11 -- Thomson Reuters I/B/E/S.  Full Article

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