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Tyson Foods Inc (TSN.N)

TSN.N on New York Stock Exchange

78.96USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Tyson Foods says Dean Banks joins board
Thursday, 16 Nov 2017 04:30pm EST 

Nov 16 (Reuters) - Tyson Foods Inc :Technology executive from Alphabet's X joins Tyson Foods' board.Company officials announced today that Dean Banks joined Tyson Foods board effective November 15​.Banks becomes one of nine independent directors on what is now an eleven-member board​.  Full Article

TYSON FOODS ACQUIRES ORIGINAL PHILLY HOLDINGS
Monday, 13 Nov 2017 10:45am EST 

Nov 13 (Reuters) - Tyson Foods Inc ::TYSON FOODS ACQUIRES ORIGINAL PHILLY HOLDINGS.‍INTEGRATION TEAMS FROM TYSON FOODS AND ORIGINAL PHILLY HAVE BEEN FORMED​.  Full Article

Tyson Foods names Stewart Glendinning as CFO
Wednesday, 8 Nov 2017 05:15pm EST 

Nov 8 (Reuters) - Tyson Foods Inc :Tyson Foods names Stewart Glendinning chief financial officer.Tyson Foods - ‍dennis Leatherby will remain in CFO until february 10, 2018​.Tyson Foods Inc - ‍Glendinning joins Tyson Foods from Molson Coors Brewing Company​.  Full Article

Tyson Foods sees adj. EPS $5.20-5.30 for FY17
Thursday, 28 Sep 2017 04:15pm EDT 

Sept 28 (Reuters) - Tyson Foods Inc :Tyson Foods boosts FY2017 EPS guidance on strong beef segment performance.Increased adjusted guidance for fiscal 2017, adjusted guidance for fiscal 2018 and cost savings targets for 2018-2020​.Adjusted earnings guidance for 2017 fiscal year, which ends Saturday, has been increased to an adjusted $5.20-5.30 per share​.Guidance for fiscal 2018 is an adjusted $5.70-5.85 earnings per share​.In its fiscal Q4 earnings report, Tyson Foods plans to report restructuring and other charges of approximately $140 - $150 million​.Expects cumulative net savings of $200 million, $400 million and $600 million over fiscal years 2018, 2019 and 2020, respectively​.Plans to reduce headcount by approximately 450 positions across several areas and job levels​.Most of eliminated positions will come from corporate offices in Springdale, Chicago and Cincinnati​.FY2017 earnings per share view $5.06 -- Thomson Reuters I/B/E/S.  Full Article

Tyson Foods to build a $320 million poultry complex in Eastern Kansas​
Tuesday, 5 Sep 2017 01:45pm EDT 

Sept 5 (Reuters) - Tyson Foods Inc ::Announced plans to build a $320 million poultry complex in Eastern Kansas.​.Says operation, currently scheduled to begin production in mid-2019, to produce pre-packaged trays of fresh chicken for retail grocery stores nationwide.Says to construct processing plant, hatchery, feed mill near city of Tonganoxie, in Leavenworth County, which will employ about 1,600 people​.Says poultry plant will be capable of processing 1.25 million birds per week, increasing Tyson Foods' overall production capacity.  Full Article

Tyson Foods, Inc. Announces pricing of senior notes offerings
Monday, 21 Aug 2017 04:15pm EDT 

Aug 21 (Reuters) - Tyson Foods Inc :Tyson Foods, Inc. Announces pricing of senior notes offerings.Tyson Foods Inc - ‍has agreed to sell $400 million aggregate principal amount of its floating rate senior notes due 2020​.Tyson Foods Inc - ‍has also agreed to sell $500 million aggregate principal amount of its 2.250% senior notes due 2021​.Tyson Foods Inc - ‍2020 notes will bear interest, reset quarterly, equal to three-month libor plus 45 basis points​.  Full Article

Tyson Foods, Bank of America, N.A. entered into a second amendment of an April 7, 2015 term loan agreement
Friday, 18 Aug 2017 05:03pm EDT 

Aug 18 (Reuters) - Tyson Foods Inc :Tyson Foods - on August 18, 2017, Tyson Foods, Inc, Bank of America, N.A. entered into a second amendment of an April 7, 2015 term loan agreement.Tyson Foods Inc- ‍among other things, amendment extends maturity date of borrowing from April 7, 2019 to August 18, 2020 - SEC filing​.  Full Article

Tyson Foods to expand Tennessee poultry operation
Wednesday, 16 Aug 2017 07:05am EDT 

Aug 16 (Reuters) - Tyson Foods Inc ::Tyson Foods to expand Tennessee poultry operation.Tyson Foods Inc - ‍will invest $84 million as part of its commitment to union city, Tennessee poultry plant​.  Full Article

Tyson Foods Q3 GAAP earnings per share $1.21
Monday, 7 Aug 2017 07:30am EDT 

Aug 7 (Reuters) - Tyson Foods Inc :Q3 adjusted earnings per share $1.28.Q3 GAAP earnings per share $1.21.Q3 earnings per share view $1.18 -- Thomson Reuters I/B/E/S.Tyson Foods Inc - "now expect fiscal 2017 sales to be above $38 billion as we grow sales volume across each segment".Tyson Foods Inc - for fiscal 2018, expect sales to grow to approximately $41 billion which excludes revenue of three non-protein businesses held for sale.Tyson Foods Inc says qtrly sales $9,850 million versus $9,403 million last year.Tyson Foods Inc - expect capital expenditures to approximate $1 billion for fiscal 2017 and expect an increase for fiscal 2018.Tyson Foods Inc - beef segment's operating margin should be around 5% for fiscal 2017 with similar results in fiscal 2018.Tyson Foods - for fiscal 2017, chicken segment's operating margin should be approximately 10%.Sees 2017 adjusted EPS guidance of $4.95-$5.05.Q3 revenue view $9.48 billion -- Thomson Reuters I/B/E/S.Tyson Foods Inc - ‍expect to realize Advancepierre Foods Holdings Inc net synergies in excess of $200 million by fiscal 2020​.FY2017 earnings per share view $5.01, revenue view $37.26 billion -- Thomson Reuters I/B/E/S.  Full Article

Tyson Foods names Hewlett Packard Enterprise executive as Chief Technology Officer
Monday, 12 Jun 2017 12:00pm EDT 

June 12 (Reuters) - Tyson Foods Inc :Tyson Foods names Hewlett Packard Enterprise executive as Chief Technology Officer‍.Devin Graham, who served as interim CTO, will remain with co as Vice President, Technology and Support ​.Hewlett Packard Enterprise's Chief Information Officer Scott Spradley to become Tyson Foods' CTO, effective June 2.  Full Article

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Tyson puts Kansas plant on hold, to build facility in Tennessee

Tyson Foods Inc said it was putting on hold plans to build a chicken production plant in Kansas following opposition from local residents and the No. 1 U.S. meat processor said it would build a new $300 million facility in Tennessee.