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Tyson Foods Inc (TSN.N)

TSN.N on New York Stock Exchange

75.08USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Tyson Foods Posts Q1 Adjusted Earnings Per Share $1.81
Thursday, 8 Feb 2018 07:30am EST 

Feb 8 (Reuters) - Tyson Foods Inc ::TYSON FOODS DELIVERS RECORD QUARTER DRIVEN BY RECORD PREPARED FOODS RESULTS AND 11% TOTAL COMPANY SALES GROWTH.Q1 ADJUSTED EARNINGS PER SHARE $1.81.Q1 GAAP EARNINGS PER SHARE $4.40.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.55 TO $6.70 EXCLUDING ITEMS.QTRLY ‍SALES $10,229 MILLION VERSUS $9,182​ MILLION.‍LOWER ENACTED TAX RATES POSITIVELY IMPACTED Q1 ADJUSTED EPS BY $0.21​.IN QUARTER, REALIZED $37 MILLION OF FINANCIAL FITNESS PROGRAM COST SAVINGS TAX REFORM IMPACT.‍EXPECT A FISCAL 2018 BENEFIT OF APPROXIMATELY $0.85 ON AN ADJUSTED BASIS ON ENACTED TAX REFORM​.‍INCREMENTAL TAX REFORM CASH FLOW IN FISCAL 2018 EXPECTED TO EXCEED $300 MILLION​.‍MORE THAN $100 MILLION IN ONE-TIME CASH BONUSES TO BE PAID TO ELIGIBLE FRONTLINE EMPLOYEES IN Q2 OF FISCAL 2018​.‍BELIEVE BEEF SEGMENT'S ADJUSTED OPERATING MARGIN IN FISCAL 2018 SHOULD APPROACH 6%​.‍FOR FISCAL 2018, PORK SEGMENT'S ADJUSTED OPERATING MARGIN SHOULD BE AROUND 9%​.‍WILL CONSIDER ADDITIONAL SHARE REPURCHASES WHEN NET DEBT TO EBITDA RATIO IS AROUND 2X​.TYSON FOODS - ‍FOR FISCAL 2018, BELIEVE CHICKEN SEGMENT SALES WILL GROW WITH MORE THAN 4% VOLUME GROWTH​.‍EXPECT CAPITAL EXPENDITURES TO APPROXIMATE $1.4 TO $1.5 BILLION FOR FISCAL 2018​.SEES ‍NET DEBT TO EBITDA RATIO OF AROUND 2X IN Q3 OF FISCAL 2018​.FOR FISCAL 2018, BELIEVE CHICKEN SEGMENT SALES WILL GROW WITH MORE THAN 4% VOLUME GROWTH.‍"CURRENTLY DO NOT PLAN TO REPURCHASE SHARES OTHER THAN TO OFFSET DILUTION FROM OUR EQUITY COMPENSATION PROGRAMS"​.  Full Article

Tyson Foods Makes Investment In Chicago-Based Food Startup Tovala
Tuesday, 6 Feb 2018 06:55am EST 

Feb 6 (Reuters) - Tyson Foods Inc ::TYSON FOODS MAKES INVESTMENT IN CHICAGO-BASED FOOD STARTUP TOVALA.TYSON FOODS INC - TERMS OF INVESTMENT ARE NOT BEING DISCLOSED..TYSON FOODS INC - THROUGH ITS CORPORATE VENTURE SUBSIDIARY TYSON VENTURES, HAS COMPLETED AN INVESTMENT IN TOVALA.  Full Article

Tyson Foods Invests In Memphis Meats
Monday, 29 Jan 2018 10:00am EST 

Jan 29 (Reuters) - Tyson Foods Inc ::SAYS TERMS WERE NOT DISCLOSED.SAYS CO'S INVESTMENT REPRESENTS MINORITY STAKE IN MEMPHIS MEATS BUSINESS.SAYS TYSON VENTURES HAS INVESTED IN FOOD TECH STARTUP MEMPHIS MEATS.  Full Article

Tyson Foods Says Chairman John Tyson's FY 2017 Total Compensation Was $10.5 Mln
Wednesday, 20 Dec 2017 10:51am EST 

Dec 20 (Reuters) - Tyson Foods Inc ::TYSON FOODS SAYS CHAIRMAN JOHN TYSON'S FY 2017 TOTAL COMPENSATION WAS $10.5 MILLION VERSUS $9.6 MILLION IN FY 2016 - SEC FILING.TYSON FOODS INC SAYS CEO TOM HAYES' FY 2017 TOTAL COMPENSATION WAS $8.9 MILLION VERSUS $4.7 MILLION IN FY 2016 - SEC FILING.  Full Article

Tyson Foods Makes Additional Investment In Beyond Meat
Thursday, 7 Dec 2017 05:30pm EST 

Dec 7 (Reuters) - Tyson Foods Inc ::TYSON FOODS MAKES ADDITIONAL INVESTMENT IN BEYOND MEAT.TYSON FOODS INC - HAS MADE AN ADDITIONAL INVESTMENT IN BEYOND MEAT THROUGH TYSON'S VENTURE CAPITAL FUND.TYSON FOODS INC - CO'S LATEST INVESTMENT SLIGHTLY INCREASES ITS OWNERSHIP STAKE IN BEYOND MEAT FROM 5 PERCENT.TYSON FOODS INC - TERMS ARE NOT BEING DISCLOSED.TYSON FOODS - BEYOND MEAT REPORTS LATEST FUNDRAISING ROUND WILL BE USED TO EXPAND PRODUCTION, FUND CO'S RESEARCH AND DEVELOPMENT COMMITMENT, EXPAND SALES & DISTRIBUTION.  Full Article

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

BRIEF-The Andersons Q4 Earnings Per Share $2.42

* ‍ SIGNED AN AGREEMENT TO SELL ITS GRAIN ELEVATORS IN HUMBOLDT, KENTON AND DYER, TENNESSEE, TO A SUBSIDIARY OF TYSON FOODS​