Subscribe Register Login

Thursday, September 18, 2014, 3:07 p.m.
Top Picks - Mobile App

Tyson posts record 2nd-quarter profit

By Katie Doherty

This article was published May 5, 2014 at 7:07 a.m.

Springdale-based Tyson Foods Inc. on Monday reported second-quarter net income of $213 million, up 124 percent from the $95 million in earnings reported this time last year.

Adjusted earnings per share from operations attributable to Tyson came to 60 cents, up 58 percent from 38 cents in the second-quarter 2013, as sales rose to $9.03 billion, up 7.7 percent from $8.38 billion the year before.

"We had a record second quarter, which is a testament to our great team and our balanced multi-protein, multi-channel, multi-national business model," Tyson Foods President and CEO Donnie Smith said in a statement. "Our second quarter is usually our most challenging. We had a lot to overcome, including a harsher than normal winter, but I'm satisfied with the results.

"I'm still confident in my expectations for the year that we will achieve our goal of 6-8% sales growth in value-added products while generating at least $2.78 earnings per share," he added.

The full earnings report is available here.

Tyson executives will hold a conference call at 8 a.m. to discuss the results. Those interested may listen in live by calling (888) 455-8283. A telephone replay will be available until May 30 by calling (800) 879-6115, the company said. The webcast will also be available at http://ir.tyson.com.

Comments on: Tyson posts record 2nd-quarter profit

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 4 of 4 total comments

Reason says... May 5, 2014 at 1:14 p.m.

Price gouging.

( | suggest removal )

Packman says... May 5, 2014 at 4:02 p.m.

Hey Reason - Chicken tenderloin (skinned and boned breast) is 1/4 the price of beef tenderloin. Care to re-think your knee-jerk post about price gouging?

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Executive assistant

    ARORA is currently seeking a full time assistant to provide ...
    LITTLE ROCK, AR

  • Mental health para-professional

    vantage point of northwest arkansas Is seeking qualified app...
    SPRINGDALE, AR

  • Lpns

    • CNAs All ShiftsMadison Health & Rehab Must have current li...
    LITTLE ROCK, AR

  • Asst. controller

    asst. controllerstallion Transportation Group is seeking an ...
    BEEBE, AR

  • Local cdl drivers

    local cdl driverssoutheastern Freight Linesis now hiringWe O...
    LITTLE ROCK, AR

Search 855 jobs >

Top Picks - Mobile App
Arkansas Online