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OFFON

SANDERSON FARMS, INC.

(SAFM)
  Report
Delayed Quote. Delayed Nasdaq - 12/06 04:00:00 pm
190.67 USD   +1.05%
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Sanderson Farms : Releases 2020 Corporate Responsibility Report

09/28/2021 | 11:32am EST

Sanderson Farms Releases 2020 Corporate Responsibility Report

LAUREL, Miss. (September 28, 2021) - Sanderson Farms, Inc. has released its 2020 Corporate Responsibility Report detailing the company's commitment to social and environmental responsibility. This year, Sanderson Farms was able to estimate the percentage of feed grains sourced from water-stressed regions, include the Human Rights Statement that the Board adopted in October 2020, and incorporate the latest consolidated EEO-1 report.

"For generations, Sanderson Farms has been dedicated to providing quality products to the people and communities who have made our company what it is today," said Joe F. Sanderson Jr., chairman of the board and chief executive officer of Sanderson Farms. "Transparency and total integrity are at the core of everything we do. With this report, we're equipping our investors, business partners, customers, and other constituents with decision-critical information about the environmental impact of our business, our animal welfare standards, our workplace health and safety standards, and the safety of our food products."

The comprehensive report details the company's achievements in managing environmental, social, and governance risks while building long-term value for shareholders. Highlights include:

  • In FY 2020, Sanderson Farms processed 657 million chickens, sold 4.8 billion pounds of dressed poultry, and generated $3.6 billion in annual sales.
  • Approximately 81% of employees are racial and ethnic minorities, including 41% of the management team, and 48% of employees are women, including 22% of the management team.
  • In FY 2020, Sanderson Farms reduced OSHA injury rates by 4% compared to the previous FY.
  • Since 2011, Sanderson Farms has donated $13.5 million and 4.6 million pounds of poultry products to charitable and community organizations local to company operations.
  • Since 1999, Sanderson Farms and its employees have donated over $10.7 million to local United Way organizations in the communities where they operate.
  • Since 2008, Sanderson Farms has seen a 20% reduction in electricity usage, 38% reduction in natural gas usage, and 444% reduction in water usage.
  • The amount of water conserved by Sanderson Farms in 2020, as compared to baseline values in 2008, would supply enough water to operate 10 of our 12 poultry processing facilities for one year.

"Our strong record of sustainability is another way we care for the community and the world around us," said Sanderson. "By helping to ensure a sustainable future for society, we are investing in strong, healthy, and thriving communities while positioning the company to have a long-term role in meeting society's needs."

The report can be viewed or downloaded in its entirety here.

About Sanderson Farms

Sanderson Farms, Inc., founded in 1947, is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items. Employing more than 17,000 employees in operations spanning five states and 17 different cities, Sanderson Farms is the third largest poultry producer in the United States. As a company, Sanderson Farms is committed to adopting a fresh approach in everything that we do, not only where products are concerned, but companywide, as well. Though the company has grown in size, it still adheres to the same hometown values of honesty, integrity and innovation that were established when the Sanderson family founded the company back in 1947.

###

Disclaimer

Sanderson Farms Inc. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 15:31:06 UTC.


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Financials (USD)
Sales 2021 4 718 M - -
Net income 2021 386 M - -
Net cash 2021 334 M - -
P/E ratio 2021 10,8x
Yield 2021 0,93%
Capitalization 4 257 M 4 257 M -
EV / Sales 2021 0,83x
EV / Sales 2022 0,78x
Nbr of Employees 17 445
Free-Float 90,6%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 190,67 $
Average target price 203,00 $
Spread / Average Target 6,47%
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Managers and Directors
Joe Frank Sanderson Chairman & Chief Executive Officer
Lampkin Butts President, Chief Operating Officer & Director
D. Michael Cockrell CFO, Treasurer, Director & Chief Legal Officer
Beverly Wade Hogan Independent Director
Phil K. Livingston Lead Independent Director
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