Pilgrim Pride : Q1 FY 2026 Pilgrim's Pride Earnings Presentation F

Published: 2026-04-30 07:59:14 ET PPC

Published on 04/30/2026 at 07:59 am EDT

Pilgrim's Pride Corporation

(NASDAQ: PPC)

Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim's Pride Corporation and its management are considered forward-looking statements. Without limiting the foregoing, words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "should," "targets," "will" and the negative thereof and similar words and expressions are intended to identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: matters affecting the poultry industry generally; the ability to execute the Company's business plan to achieve desired cost savings and profitability; future pricing for feed ingredients and the Company's products; outbreaks of avian influenza or other diseases, either in Pilgrim's Pride's flocks or elsewhere, affecting its ability to conduct its operations and/or demand for its poultry products; contamination of Pilgrim's Pride's products, which has previously and can in the future lead to product liability claims and product recalls; exposure to risks related to product liability, product recalls, property damage and injuries to persons, for which insurance coverage is expensive, limited and potentially inadequate; management of cash resources; restrictions imposed by, and as a result of, Pilgrim's Pride's leverage; changes in laws or regulations affecting Pilgrim's Pride's operations or the application thereof; new immigration legislation or increased enforcement efforts in connection with existing immigration legislation that cause the costs of doing business to increase, cause Pilgrim's Pride to change the way in which it does business, or otherwise disrupt its operations; competitive factors and pricing pressures or the loss of one or more of Pilgrim's Pride's largest customers; currency exchange rate fluctuations, trade barriers, exchange controls, expropriation and other risks associated with foreign operations; disruptions in international markets and distribution channels, including, but not limited to, the impacts of the Russia-Ukraine conflict; the risk of cyber-attacks, natural disasters, power losses, unauthorized access, telecommunication failures, and other problems on our information systems; and the impact of uncertainties of litigation and other legal matters described in our most recent Form 10-K and Form 10-Q, including the In re Broiler Chicken Antitrust Litigation, as well as other risks described under "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission. The forward looking statements in this release speak only as of the date hereof, and the Company undertakes no obligation to update any such statement after the date of this release, whether as a result of new information, future developments or otherwise, except as may be required by applicable law

Actual results could differ materially from those projected in these forward-looking statements as a result of these factors, among others, many of which are beyond our control. In making these statements, we are not undertaking, and specifically decline to undertake, any obligation to address or update each or any factor in future filings or communications regarding our business or results, and we are not undertaking to address how any of these factors may have caused changes to information contained in previous filings or communications. Although we have attempted to list comprehensively these important cautionary risk factors, we must caution investors and others that other factors may in the future prove to be important and affecting our business or results of operations

This presentation may include information that may be considered non-GAAP financial information as contemplated by SEC Regulation G, Rule 100, including EBITDA, Adjusted EBITDA, LTM EBITDA, Net Debt, Free Cash Flow, Adjusted EBITDA Margin and others. Accordingly, we have provided tables in the accompanying appendix and in our previous filings with the SEC that reconcile these measures to their corresponding GAAP-based measures and explain why these measures are useful to investors, which can be obtained from the Consolidated Statements of Income provided with our previous filings with the SEC. Our method of computation may or may not be

comparable to other similarly titled measures used in filings with the SEC by other companies. See the consolidated statements of income

and consolidated statements of cash flows included in our financial statements. 2

Main Indicators ($MM)

Q1 2026

Q1 2025

Net Revenue

4,532.6

4,463.0

Gross Profit

345.5

554.9

SG&A

180.2

133.8

Operating Income

162.6

404.5

Net Interest

31.0

16.8

Net Income

101.5

296.3

Earnings Per Share

(EPS)

0.43

1.24

Adjusted EBITDA*

308.1

533.2

Adjusted EBITDA

Margin*

6.8%

12.0%

* This is a non-GAAP measurement considered by management to be useful in understanding our results. Please see the appendix and most recent SEC financial filings for definition of this measurement and reconciliation to US GAAP.

U.S.: Year-over-year (YoY) decrease in commodity market pricing negatively impacted our Big Bird business; operations negatively impacted by winter storms and downtime associated with installation of multiple large CapEx projects during the first quarter 2026; however, US Prepared Foods volumes continue to increase share. Europe: Steady profit profile due to execution of strategy to reduce costs and improve operational efficiencies; Mexico: Profitability declined primarily due to improved growing conditions impacting the Live bird market

SG&A is higher primarily due to an increase in legal settlements and defense costs

Net interest increase due to lower YoY cash balance during Q1 2026, as a result of the dividends paid in 2025

In $MM

U.S.

Net Revenue

2,635.4

1,351.7

545.5

Adjusted Operating Income*

110.1

67.5

10.9

Adjusted Operating Income Margin*

4.2%

5.0%

2.0%

Source: PPC

12,000

Intended Pullet Placements, Domestic Use

10,000

8,000

Thousand Head

6,000

4,000

2,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Broiler Type Hatching Layers

64,000

62,000

Head (000)

60,000

58,000

56,000

54,000

52,000

50,000

2,000

1,950

1,900

1,850

Eggs

1,800

1,750

1,700

1,650

1,600

1,550

1,500

Eggs/100

2024

Broiler layer flock -0.7% YoY in Q1-26.

Eggs/100 1.2% YoY in Q1-26.

Chicken Eggs Set by Week - USDA

5-yr Range 5-yr Avg 2023 2024 2025

Chicken Eggs Set by Week - USDA

260,000

255,000

250,000

245,000

240,000

235,000

230,000

5-yr Range

5-yr Avg

2024

2025

2026

Hatchability by Week - USDA

255,000

250,000

245,000

240,000

235,000

230,000

225,000

220,000

215,000

82%

81%

Hatchability (%)

81%

Eggs (000)

80%

79%

78%

Chicks Placements by Week - USDA

200,000

195,000

Heads (000)

190,000

185,000

180,000

175,000

Head Processed by Size

21.7%

23.3%

24.1%

25.7%

25.4%

26.4%

27.3%

28.9%

28.1%

25.4%

26.2%

27.6%

28.4%

29.7%

27.6%

27.4%

27.6%

27.4%

30.2%

28.7%

27.4%

26.2%

27.6%

29.4%

28.5%

28.3%

29.6%

22.7%

21.8%

20.9%

19.7%

17.3%

16.6%

16.7%

15.2%

14.9%

2018 2019 2020 2021 2022 2023 2024 2025 2026

Total Chicken Inventories

900

850

800

LBS (MM)

750

700

650

600

550

500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Cold Storage

Mar-26

Feb-26

Mar-26

M/M

Y/Y

Breast

237,802

235,312

225,602

Leg Quarters

60,203

49,130

49,795

Wings

58,689

50,028

49,292

Drumsticks

27,856

24,372

23,266

BS Thighs

14,509

17,070

16,371

Whole Bird

9,454

11,105

11,009

Hens

4,183

11,393

12,014

Legs

14,822

14,374

12,723

Thighs

8,168

8,355

8,022

Paws

33,121

24,967

24,850

Other

303,966

324,903

313,819

Total

772,773

771,009

746,763

Total Inventories ended Q1 down 3.1% Y/Y and 3.4% below 5-year average.

Broilers inventories increased by 16.4% Y/Y

Breast meat inventories decreased 5.1% Y/Y.

Wing inventories decreased 16.0% compared to year

ago.

Dark Meat inventories decreased 12.3% Y/Y.

Paws and feet inventory decreased 25.0% Y/Y.

Jumbo Cutout

150

130

Cents/Lb

110

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

375.00

USDA Boneless/Skinless Breast

375.00

USDA Tenders

325.00 325.00

Cents/Lb

275.00 275.00

225.00 225.00

175.00 175.00

125.00 125.00

75.00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

75.00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

USDA Leg Quarters

Cents/Lb

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

360.00

310.00

Cents/Lb

260.00

210.00

160.00

110.00

60.00

10.00

USDA Whole Wings

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

EMI WOG 2.5-4.0 LBS

160.0

150.0

140.0

130.0

Cents/Lb.

120.0

110.0

100.0

90.0

80.0

70.0

60.0

3000

2500

2000

1500

1000

500

US Corn Ending Stocks (MBUs)

2127

320.0

315.0

1763

1551

1235

1377

1360

310.0

305.0

300.0

295.0

290.0

285.0

280.0

World Corn Endings stocks (MMT)

315.3

310.8

296.3

292.8

294.8

304.1

20/21 21/22 22/23 23/24 24/25 25/26p 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

US stocks rebuild with large acreage and favorable growing season

Brazil & Argentina combined corn production very similar to last season

Robust global corn export demand holds world stocks essentially flat despite record corn production

400

350

300

250

200

150

100

US Soybean End Stocks (MBU)

342

350

140.0

257

274

264

317

120.0

100.0

80.0

60.0

40.0

20.0

World Soy End Stocks (MMT)

115.1

99.8

99.1

100.9

124.8 124.8

2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

0.0

2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

US ending stocks build with lower exports, offset by very high soybean crush

South America hits new record high soybean production

Global bean stocks flat with large global soybean crushings

Capex (US$M)

711

559

487

461

340

348

355

382

272

235

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

Continued investment in strategic projects will support Key Customers' growth and emphasize our focus on further diversification of our portfolio and operational improvements

"EBITDA" is defined as the sum of net income plus interest, taxes, depreciation and amortization. "Adjusted EBITDA" is calculated by adding to EBITDA certain items of expense and deducting from EBITDA certain items of income that we believe are not indicative of our ongoing operating performance consisting of: (1) foreign currency transaction losses (gains), (2) costs related to litigation settlements, (3) restructuring activities losses, (4) net income attributable to noncontrolling interest. EBITDA is presented because it is used by management and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with accounting principles generally accepted in the U.S. ("U.S. GAAP"), to compare the performance of companies. We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA applicable to continuing operations. The Company also believes that Adjusted EBITDA, in combination with the Company's financial results calculated in accordance with U.S. GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors. EBITDA and Adjusted EBITDA are not measurements of financial performance under U.S. GAAP. EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as substitutes for an analysis of our results as reported under U.S. GAAP. In addition, other companies in our industry may calculate these measures differently limiting their usefulness as a comparative measure. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with

U.S. GAAP. These limitations should be compensated for by relying primarily on our U.S. GAAP results and using EBITDA and Adjusted EBITDA only on a supplemental basis.

PILGRIM'S PRIDE CORPORATION

Reconciliation of Adjusted EBITDA

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands)

Net income (loss)

$ 101,450

$ 296,343

Add:

Interest expense, net(a)

30,977

16,785

Income tax expense

30,370

94,099

Depreciation and amortization

118,481

104,518

EBITDA

281,278

511,745

Add:

Foreign currency transaction loss (gain)(b)

922

(2,053)

Litigation settlements(c)

23,194

7,250

Restructuring activities losses(d)

2,765

16,612

Minus:

Net income (loss) attributable to noncontrolling interest

310

Adjusted EBITDA

$ 308,132

$ 533,244

Interest expense, net, consists of interest expense less interest income.

Transactional functional currency gains/losses are included in the line item Foreign currency transaction losses (gains) in the Condensed Consolidated

Statements of Income.

This represents expenses recognized in anticipation of probable settlements in ongoing litigation.

Restructuring activities losses are related to costs incurred, such as severance.

The summary unaudited consolidated income statement data for the 12 months ended March 29, 2026 (the LTM Period) have been calculated by subtracting the applicable unaudited consolidated income statement data for the three months ended March 30, 2025 from the sum of (1) the applicable audited consolidated income statement data for the year ended December 28, 2025 and (2) the applicable unaudited consolidated income statement data for the three months ended March 29, 2026.

PILGRIM'S PRIDE CORPORATION

Reconciliation of LTM Adjusted EBITDA

(Unaudited)

Three Months Ended

June 29, 2025

September 28,

2025

December 28,

2025

March 29, 2026

LTM Ended March 29, 2026

(In thousands)

Net income

$ 356,009

$ 343,061

$ 87,931

$ 101,450

$ 888,451

Add:

Interest expense, net

31,451

28,990

33,044

30,977

124,462

Income tax expense

119,573

118,319

86,803

30,370

355,065

Depreciation and amortization

113,504

116,426

121,709

118,481

470,120

EBITDA

620,537

606,796

329,487

281,278

1,838,098

Add:

Foreign currency transaction losses (gains)

4,892

5,169

(1,231)

922

9,752

Litigation settlements

58,464

19,582

77,363

23,194

178,603

Restructuring activities losses

3,499

1,779

9,464

2,765

17,507

Minus:

Net income (loss) attributable to noncontrolling interest

489

248

(62)

702

Adjusted EBITDA

$ 686,903

$ 633,078

$ 415,145

$ 308,132

$ 2,043,258

EBITDA margins have been calculated by taking the relevant unaudited EBITDA figures, then dividing by net sales for the applicable period. EBITDA margins are presented because they are used by management and we believe it is frequently used by securities analysts, investors and other interested parties, as a supplement to our results prepared in accordance with U.S. GAAP, to compare the performance of companies.

PILGRIM'S PRIDE CORPORATION

Reconciliation of EBITDA Margin

(Unaudited)

Three Months Ended

March 29,

2026

March 30,

2025

March 29,

2026

March 30,

2025

(In thousands)

Net income (loss)

$ 101,450

$ 296,343

2.24 %

6.64 %

Add:

Interest expense, net

30,977

16,785

0.68 %

0.38 %

Income tax expense

30,370

94,099

0.67 %

2.11 %

Depreciation and amortization

118,481

104,518

2.62 %

2.34 %

EBITDA

281,278

511,745

6.21 %

11.47 %

Add:

Foreign currency transaction losses (gains)

922

(2,053)

0.02 %

(0.05)%

Litigation settlements

23,194

7,250

0.51 %

0.16 %

Restructuring activities losses

2,765

16,612

0.06 %

0.37 %

Minus:

Net income (loss) attributable to noncontrolling interest

310

- %

0.01 %

Adjusted EBITDA

$ 308,132

$ 533,244

6.80 %

11.94 %

Net sales

$ 4,532,633

$ 4,463,009

Adjusted EBITDA by segment figures are presented because they are used by management and we believe they are frequently used by securities analysts, investors and other interested parties, as a supplement to our results prepared in accordance with U.S. GAAP, to compare the performance of companies.

PILGRIM'S PRIDE CORPORATION

Reconciliation of Adjusted EBITDA

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

U.S.

Europe

Mexico

Total

U.S.

Europe

Mexico

Total

(In thousands)

Net income

$ 41,834

$ 53,285

$ 6,331

$ 101,450

$ 222,296

$ 42,150

$ 31,897

$ 296,343

Add:

Interest expense, net(a)

33,863

(2,109)

(777)

30,977

25,567

(1,904)

(6,878)

16,785

Income tax expense

12,115

15,329

2,926

30,370

71,012

9,922

13,165

94,099

Depreciation and amortization

74,505

37,522

6,454

118,481

66,386

33,137

4,995

104,518

EBITDA

162,317

104,027

14,934

281,278

385,261

83,305

43,179

511,745

Add:

Foreign currency transaction losses (gains)(b)

(970)

1,892

922

(1)

(372)

(1,680)

(2,053)

Litigation settlements(c)

23,194

7,250

Restructuring activities losses(d)

2,765

16,612

Minus:

Net income attributable to noncontrolling interest

310

Adjusted EBITDA

$ 185,511

$ 105,822

$ 16,799

$ 308,132

$ 392,510

$ 99,545

$ 41,189

$ 533,244

Interest expense, net, consists of interest expense less interest income.

Transactional functional currency gains/losses are included in the line item Foreign currency transaction losses (gains) in the Condensed Consolidated Statements of Income.

This represents expenses recognized in anticipation of probable settlements in ongoing litigation.

Restructuring activities losses are related to costs incurred, such as severance.

Adjusted Operating Income is calculated by adding to Operating Income certain items of expense and deducting from Operating Income certain items of income. Management believes that presentation of Adjusted Operating Income provides useful supplemental information about our operating performance and enables comparison of our performance between periods because certain costs shown below are not indicative of our current operating performance. A reconciliation of GAAP operating income to adjusted operating income as follows:

PILGRIM'S PRIDE CORPORATION

Reconciliation of Adjusted Operating Income

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands)

GAAP operating income, U.S. operations

$ 86,909

$ 318,806

Litigation settlements

23,194

7,250

Adjusted operating income, U.S. operations

$ 110,103

$ 326,056

Adjusted operating income margin, U.S. operations

4.2 %

11.9 %

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands)

GAAP operating income, Europe operations

$ 64,755

$ 49,071

Restructuring activities losses

2,765

16,612

Adjusted operating income, Europe operations

$ 67,520

$ 65,683

Adjusted operating income margin, Europe operations

5.0 %

5.3 %

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands)

GAAP operating income, Mexico operations

$ 10,892

$ 36,605

No adjustments

Adjusted operating income, Mexico operations

$ 10,892

$ 36,605

Adjusted operating income margin, Mexico operations

2.0 %

7.5 %

Adjusted Operating Income Margin for each of our reportable segments is calculated by dividing Adjusted operating income by Net Sales. Management believes that presentation of Adjusted Operating Income Margin provides useful supplemental information about our operating performance and enables comparison of our performance between periods because certain costs shown below are not indicative of our current operating performance. A reconciliation of GAAP operating income margin for each of our reportable segments to adjusted operating income margin for each of our reportable segments is as follows:

PILGRIM'S PRIDE CORPORATION

Reconciliation of GAAP Operating Income Margin to Adjusted Operating Income Margin

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In percent)

GAAP operating income margin, U.S. operations

3.3 %

11.6 %

Litigation settlements

0.9 %

0.3 %

Adjusted operating income margin, U.S. operations

4.2 %

11.9 %

Three Months Ended

March 29, 2026

March 30, 2025

(In percent)

GAAP operating income margin, Europe operations

4.8 %

4.0 %

Restructuring activities losses

0.2 %

1.3 %

Adjusted operating income margin, Europe operations

5.0 %

5.3 %

Three Months Ended

March 29, 2026

March 30, 2025

(In percent)

GAAP operating income margin, Mexico operations

2.0 %

7.5 %

No adjustments

- %

Adjusted operating income margin, Mexico operations

2.0 %

7.5 %

Adjusted net income attributable to Pilgrim's Pride Corporation ("Pilgrim's") is calculated by adding to Net income attributable to Pilgrim's certain items of expense and deducting from Net income attributable to Pilgrim's certain items of income, as shown below in the table. Adjusted net income attributable to Pilgrim's Pride Corporation per common diluted share is presented because it is used by management, and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with U.S. GAAP, to compare the performance of companies. Management also believe that this non-U.S. GAAP financial measure, in combination with our financial results calculated in accordance with U.S. GAAP, provides investors with additional perspective regarding the impact of such charges on net income attributable to Pilgrim's Pride Corporation per common diluted share. Adjusted net income attributable to Pilgrim's Pride Corporation per common diluted share is not a measurement of financial performance under U.S. GAAP, has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results as reported under U.S. GAAP. Management believes that presentation of adjusted net income attributable to Pilgrim's provides useful supplemental information about our operating performance and enables comparison of our performance between periods because certain costs shown below are not indicative of our current operating performance. A reconciliation of net income (loss) attributable to Pilgrim's Pride Corporation per common diluted share to adjusted net income attributable to Pilgrim's Pride Corporation per common diluted share is as follows:

PILGRIM'S PRIDE CORPORATION

Reconciliation of Adjusted Net Income

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands, except per share data)

Net income attributable to Pilgrim's Pride Corporation

$ 101,423

$ 296,033

Add:

Foreign currency transaction losses (gains)

922

(2,053)

Litigation settlements

23,194

7,250

Restructuring activities

2,765

16,612

Adjusted net income attributable to Pilgrim's before tax impact

128,304

317,842

Net tax impact of adjustments(a)

(6,599)

(5,278)

Adjusted net income attributable to Pilgrim's

121,705

312,564

Weighted average diluted shares of common stock outstanding

238,559

238,280

Adjusted net income attributable to Pilgrim's per common diluted share

$ 0.51

$ 1.31

Net tax impact of adjustments represents the tax impact of all adjustments shown above.

Adjusted EPS is calculated by dividing the adjusted net income attributable to Pilgrim's stockholders by the weighted average number of diluted shares. Management believes that Adjusted EPS provides useful supplemental information about our operating performance and enables comparison of our performance between periods because certain costs shown below are not indicative of our current operating performance. A reconciliation of U.S. GAAP to non-U.S. GAAP financial measures is as follows:

PILGRIM'S PRIDE CORPORATION

Reconciliation of GAAP EPS to Adjusted EPS

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands, except per share data)

U.S. GAAP EPS

$ 0.43

$ 1.24

Add:

Foreign currency transaction losses (gains)

(0.01)

Litigation settlements

0.10

0.03

Restructuring activities losses

0.01

0.07

Adjusted EPS before tax impact

0.54

1.33

Net tax impact of adjustments(a)

(0.03)

(0.02)

Adjusted EPS

$ 0.51

$ 1.31

Weighted average diluted shares of common stock outstanding

238,559

238,280

Net tax impact of adjustments represents the tax impact of all adjustments shown above.

PILGRIM'S PRIDE CORPORATION

Supplementary Selected Segment and Geographic Data

(Unaudited)

Three Months Ended

March 29, 2026

March 30, 2025

(In thousands)

Sources of net sales by geographic region of origin:

U.S.

$ 2,635,398

$ 2,743,189

Europe

1,351,744

1,231,529

Mexico

545,491

488,291

Total net sales

$ 4,532,633

$ 4,463,009

Sources of cost of sales by geographic region of origin:

U.S.

$ 2,438,840

$ 2,355,567

Europe

1,231,393

1,115,225

Mexico

516,910

437,344

Total cost of sales

$ 4,187,143

$ 3,908,136

Sources of gross profit by geographic region of origin:

U.S.

$ 196,558

$ 387,622

Europe

120,351

116,304

Mexico

28,581

50,947

Total gross profit

$ 345,490

$ 554,873

Sources of operating income by geographic region of origin:

U.S.

$ 86,909

$ 318,806

Europe

64,755

49,071

Mexico

10,892

36,605

Total operating income

$ 162,556

$ 404,482

Disclaimer

Pilgrim's Pride Corporation published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 11:58 UTC.