Full-Time
Updated on 9/12/2026
Produces packaged meats and pork products
No salary listed
Company Does Not Provide H1B Sponsorship
Clinton, NC, USA
In Person
Occasional travel is involved to collaborate with others.
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Smithfield Foods produces and distributes pork and other packaged meats in the United States and around the world. It works by partnering with U.S. farmers to source hogs, processing the meat into a range of brands, and selling to retailers, foodservice, and other customers. The company differentiates itself with a large scale, a broad brand portfolio, and long-standing farming relationships that help ensure steady supply. Its goal is to responsibly meet global demand for quality protein.
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$4.7B
Headquarters
Sioux Falls, South Dakota
Founded
1936
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Smithfield Foods warns fresh pork business will swing to loss as margins tighten. Smithfield Foods expects its fresh pork division to swing to an operating loss in the third quarter as falling hog prices and squeezed industry margins weigh on the company. The pork processor forecast an adjusted operating loss of between £52m and £67m for its fresh pork business in the three months to September, compared with a £7.4m profit in the same period last year. Smithfield said falling USDA pork cutout values and hog prices had narrowed the spread available to processors, prompting it to take a more cautious view of profitability across the division. Chief executive Shane Smith said the deterioration in its outlook was being driven by "external market conditions" across parts of the pork supply chain. The group is also bracing for weaker profits from its hog production arm, where adjusted operating profit is expected to come in between £18.5m and £33.3m for the quarter, down from around £66m a year earlier. Across the business, Smithfield now expects adjusted operating income of between £85m and £130m for the third quarter, substantially below the £229m generated in the corresponding period last year. However, its outlook for packaged meats (Smithfield's largest division) remains unchanged, with the company continuing to forecast between £799m and £851m in adjusted operating profit for the full year. Smithfield, whose brands include its namesake range, Eckrich and Nathan's Famous, has been navigating a tougher consumer backdrop as shoppers remain cautious over spending. The company generates more than £11.5bn in annual sales and employs around 32,000 people in the US. The latest warning follows Smithfield's decision last month to cut its full-year sales and profit forecasts. At its second-quarter results in August, the meat giant lowered its full-year fresh pork adjusted operating profit guidance to between £133m and £178m, from £148m to £192m previously, while cutting its hog production forecast to between £56m and £93m. Despite the worsening outlook, Smithfield had delivered record adjusted operating profit of around £472m in the first half of 2026, up 2.3 per cent year on year, highlighting the sharp change in conditions facing parts of its pork operation. Smithfield shares fell almost 2 per cent in after-hours trading following the update.
Smithfield Foods to participate in Barclays 19th Annual Global Consumer Conference. SMITHFIELD, Va., Aug. 27, 2026 (GLOBE NEWSWIRE) - Smithfield Foods, Inc. (Nasdaq: SFD), an American food company and an industry leader in value-added packaged meats and fresh pork, announced today that President and CEO Shane Smith will participate in a fireside chat at the Barclays 19th Annual Global Consumer Conference on Thursday, September 10, 2026, in Boston, MA. The fireside chat is scheduled to begin at 12:00 PM EDT. The link to the live, listen-only webcast can be found on Smithfield Foods' Investor Relations website here. For anyone unable to participate in the webcast, a replay will be available on the company's investor relations website through the close of business on March 9, 2027. About Smithfield Foods Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, Newsmatics Inc. responsibly meet demand for quality protein around the world. For more information, please visit investors.smithfieldfoods.com. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Newsmatics Inc. do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Smithfield Foods cuts outlook as shoppers rein in pork spending. Smithfield Foods has lowered its full-year sales and profit forecasts as inflation-weary shoppers cut back on pork and it grapples with higher input costs. The US meat producer now expects sales for its 2026 financial year to be broadly flat against 2025, having previously forecast low-single-digit growth. Smithfield also cut its adjusted operating profit guidance to between $1.23bn and $1.38bn, down from its previous forecast of $1.33bn to $1.48bn, as cautious consumer spending and elevated costs continue to weigh on the business. Chief executive Shane Smith said shoppers were buying less pork and fewer hams as persistent inflation continued to squeeze household budgets, prompting consumers to become more selective about what they put in their baskets. Smithfield posted sales of $3.7bn for its second quarter to 28 June, down 2.3 per cent year on year. The business said the decline also reflected non-recurring sales to its hog production joint ventures in the previous year and the earlier timing of Easter in 2026. Despite the sales fall, operating profit climbed 11.6 per cent to $290m, while adjusted operating profit edged higher to a record second-quarter level of $300m. Net income attributable to Smithfield rose 26.6 per cent to $238m, while adjusted earnings came in at 62 cents per share, ahead of the 55 cents reported in the same period last year. However, pressure was evident across several of its core meat divisions. Sales in its packaged meats business, which includes bacon, sausages and ham, fell 2.7 per cent to $2.02bn, while fresh pork sales dropped 3.5 per cent to $2.01bn. Hog production sales declined 8.2 per cent to $772m. The company has also seen consumers shift their spending as household finances remain stretched. Smithfield said retail demand for fresh pork had softened, while foodservice demand has proved more resilient as restaurants use pork as an alternative to increasingly expensive beef. Smithfield president and chief executive Shane Smith said: "While our updated outlook reflects ongoing macroeconomic pressures, these external factors do not change our strategic priorities or our confidence in the business." The food giant said it would continue focusing on operational efficiencies and investment behind its brands as it navigates the tougher consumer backdrop. The revised outlook includes a particularly steep reduction for Smithfield's hog production arm, where adjusted operating profit is now expected to reach between $75m and $125m, compared with its previous $150m to $200m forecast. Its packaged meats adjusted operating profit guidance was trimmed to $1.08bn to $1.15bn, while fresh pork is now expected to deliver between $180m and $240m. The downgrade comes despite Smithfield delivering record adjusted operating profit of $638m across the first half, up 2.3 per cent year on year, while first-half net income attributable to the group jumped 17.6 per cent to $484m. Smithfield said its balance sheet remained strong, with $3.65bn of available liquidity at the end of June, giving it flexibility to continue investing in its business despite the more challenging grocery environment.
Smithfield trims its outlook as shoppers keep trading down. The pork producer beat quarterly estimates but cut its fiscal 2026 sales and profit forecasts, pointing to cautious spending and higher input costs. about 2 hours ago - 1 min What's going on here? Smithfield Foods topped quarterly expectations but still trimmed its fiscal 2026 sales and profit outlook, saying shoppers are staying cautious as costs edge up. What does this mean? Smithfield, a pork producer, delivered a small beat: it posted $3.7 billion in sales for the three months ended June 28th, just above the $3.68 billion analysts expected, and earned 62 cents a share on an adjusted basis versus 60 cents, according to LSEG. But management focused investors on what comes next, cutting fiscal 2026 expectations to roughly flat sales (down from low-single-digit growth) and lowering its adjusted operating profit range to $1.23 billion-$1.38 billion from... Keep reading for free. This content is free, but you must be logged in to continue reading. Already have an account?
Industrial wastewater treatment construction abounds in U.S., elsewhere. Industrial Info Resources is tracking more than $1 billion worth of dedicated wastewater treatment construction projects outside of the Oil & Gas Production Industry in the U.S. This expands to more than US$15 billion globally. Released Thursday, July 30, 2026 Reports related to this article: Summary. Projects for new wastewater plants and upgrades to existing systems account for billions of dollars' worth of spending throughout the world. Outside of Oil & Gas Production, the Food & Beverage and Pulp & Paper industries are notable players in this sector. Here, there & everywhere. Wastewater-it's everywhere. Wastewater tends to garner the most headlines in regard to oil and gas fracking activities, which results in millions of gallons of (sometimes radioactive) fracking brine being reinjected into the ground. However, wastewater is a product of virtually every major industrial process, from Food & Beverages to Pharmaceuticals, and of the more than $1 trillion in current, on-the-ground, active U.S. industrial construction being tracked by Industrial Info Resources, more than $475 billion worth of these projects feature a specified wastewater component within their scope. While these can be built as just a matter of course within a plant's existing systems, many projects are dedicated to the construction and installation of specific units and plants aimed solely at wastewater treatment. More than $1 billion worth of construction that deal with these wastewater plants and units is either underway or lined up for the future in the U.S. Industrial Info Resources has details on all of them. Current U.S. Construction. The most notable wastewater construction underway at the moment outside of oil and gas is within the Pulp & Paper and Food & Beverage industries. One of the largest of these projects is underway in Sullivan County, Tennessee, where Domtar Corporation since late year has been constructing an anaerobic wastewater treatment plant at a pulp and paper mill. After more than a year of construction, the project is expected to wrap up later this year and will be capable of processing between 3 million and 4 million gallons per day. Smurfit Westrock last month started a much smaller project at a lightweight linerboard and paper mill in North Carolina that involves partial dredging of the pond and stabilization basin of its wastewater treatment system. The Food & Beverage Industry teems with existing wastewater-treatment projects, covering a range of products including everything from French fries to bacon to Asian foods. As examples, Cavendish Farms is currently adding a wastewater treatment facility at a frozen potatoes plant in North Dakota, while Swift Prepared Foods is spending around $20 million for a wastewater plant expansion at its ready-to-eat bacon plant in Randolph County, Missouri. Future U.S. Wastewater construction. Even larger U.S. wastewater-treatment projects loom on the horizon. One of the most notable of these is pork giant Smithfield Foods' plans to incorporate a wastewater treatment facility at an as-yet unstarted $1.3 billion hog slaughtering and processing plant in Sioux Falls, South Dakota. Construction on the 20,000-hog-per-day plant is expected to kick off next year, after which construction will commence on an accompanying $110.3 million wastewater treatment facility. Other Food & Beverage sectors planning wastewater projects include breweries, poultry processing and several dairies. Petroleum refining makes a showing with notable future projects for a 300,000-gallon-per-day treatment system at a 25,000-barrel-per-day (bpd) refinery in Great Falls, Montana, while upgrades are planned for the existing wastewater plant at Marathon Petroleum's 64,000-barrel-per-day refinery in Salt Lake City, Utah. Other refinery wastewater projects are on the books for Mississippi, Wyoming, Ohio and Oklahoma. Steelmakers, pharmaceutical companies and others also are gearing up for future U.S. wastewater projects, while Industrial Info Resources' global coverage of the sector includes more than US$15 billion worth of current and future projects. Key Takeaways * Construction and grassroot wastewater plants and upgrades to existing systems and units account for billions of dollars' worth of industrial construction spending throughout the world. * The Food & Beverage Industry is prominent player in wastewater construction, which is need for everything from meat and poultry processing to canned vegetables. * Industrial Info Resources is tracking more than US$15 billion worth of current and planned wastewater projects throughout the world. About Industrial Info Resources Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD). Want more IIR news intelligence? Make Industrial Info Resources, Inc. a Preferred Source on Google to see more of Industrial Info Resources, Inc. when you search. Ask Industrial Info Resources, Inc.. Submit a question and one of its experts will be happy to assist you. By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry. Forecasts & analytical solutions. Where global project and asset data meets advanced analytics for smarter market sizing and forecasting. PECWeb Global Market Intelligence platform. Identify opportunities, anticipate change, and execute with confidence. PECWeb connects the industrial intelligence you need, from projects and assets to operational events, all in one platform.