Sanderson Farms' (SAFM) CEO Joe Sanderson on Q3 2020 Results - Earnings Call Transcript

Aug. 27, 2020 6:51 PM ETSanderson Farms, Inc. (SAFM) StockSAFM
SA Transcripts
153.96K Followers

Sanderson Farms, Inc. (SAFM) Q3 2020 Earnings Conference Call August 27, 2020 11:00 AM ET

Company Participants

Joe Sanderson – Chairman and Chief Executive Officer
Mike Cockrell – Treasurer, Chief Financial Officer, Chief Legal Officer
Lampkin Butts – President

Conference Call Participants

Heather Jones – Heather Jones Research
Ken Goldman – J.P. Morgan
Michael Piken – Cleveland Research
Ben Theurer – Barclays
Peter Galbo – Bank of America
Ken Zaslow – Bank of Montreal
Adam Samuelson – Goldman Sachs
Robert Moskow – Credit Suisse

Operator

Good day, and welcome to Sanderson Farms, Inc. Third Quarter 2020 Conference Call. Today’s call is being recorded.

At this time, for opening remarks and introductions, I would like to turn the call over to Mr. Joe Sanderson. Please go ahead, sir.

Joe Sanderson

Thank you. Good morning, and welcome to Sanderson Farms Third Quarter Conference Call. Lampkin Butts and Mike Cockrell are with me this morning. Before discussing the quarter, we want to send our thoughts and prayers to our friends and neighbors in Louisiana and Texas, as they deal with the impact of Hurricane Laura. By all accounts, the hurricane moved onshore as one of the most powerful storms to ever hit the United States. We know firsthand the challenges those in the path of the storm face as they deal with the recovery efforts of the storm, and we will do everything we can to assist in that effort.

The storm moved onshore east of our Texas facilities and west of our Hammond, Louisiana operations. As a result, our assets were spared the brunt of the storm, and all of our facilities are operating normally this morning. We will continue to monitor the track of the storm and adjust our operations as warranted.

We reported net income for our third fiscal quarter

Recommended For You

More on SAFM