CEO Zafar Rizvi acknowledged the weaker crush spread environment, similar to what was seen during the fourth quarter, continuing into the first quarter of 2025.
The company saw record profits in its Packaged Meats segment, growth in Fresh Pork segment and a $600 million increase in Hog Production segment profitability.
Its average production rose 56% to 4,440 barrels of oil equivalent per day for the fourth quarter compared to a year earlier as it drilled new wells.
The companyâs building products segment sales rose 11.2% to $164.8 million.
PVH has faced challenges including being blacklisted by Chinaâs Ministry of Commerce over alleged boycotts of Xinjiang cotton products, impacting its operations in the country.
The activist investor said it would withdraw the complaint if Phillips 66 ended its âdefensive maneuversâ and confirmed that at least four director seats would be up for election.
The alleged misconduct, Kroger said, included Morris's âsecret communicationsâ with C&S's CEO and others to advance Albertsons's strategy.
The company said its pharma patient affordability revenue more than doubled to $2.63 million.
Volkswagen is partnering with Valeo and Mobileye to enhance its driver assistance systems to Level 2+ in upcoming models built on the MQB platform.
Apple typically announces software updates to its devices, including iPhones, iPads, and Macs, and new functionality at WWDC.
