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Hormel Foods HRL Refrigerated Foods — Property, Plant and Equipment, Additions

Discontinued — last reported Q4 '21

Similar metrics at other companies

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LIIRefrigeration — Payments to Acquire Property, Plant, and Equipment
$2.8M-2.6%
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LIIRefrigeration — Capital Expenditures
$2.35M+1.1%
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DOVRefrigeration and Food Equipment Segment — Capital Expenditures
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MLIPlumbing And Refrigeration — PP&E Additions
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TSNPrepared Foods — Property, Plant and Equipment, Additions
$83.5M-42.2%
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TSNPrepared Foods — Segment, Expenditure, Addition to Long-Lived Assets
$35M+34.6%

Other financials

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation

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Market cap$13.3B
Enterprise value$15.35B
P/E18.9×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAdditions.

The official record: Hormel Foods’s 10-K, filed December 10, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hormel Foods's refrigerated foods — property, plant and equipment, additions?
Hormel Foods (HRL) reported refrigerated foods — property, plant and equipment, additions of $39.85M in Q3 2021.
What does refrigerated foods — property, plant and equipment, additions mean?
The amount spent on new physical assets for the Refrigerated Foods segment.
How do you interpret refrigerated foods — property, plant and equipment, additions?
High investment signals confidence in future demand and commitment to operational modernization.
How does refrigerated foods — property, plant and equipment, additions compare across companies?
Standard capital expenditure metric for evaluating growth investment across industry peers.