Tyson reports first quarter fiscal 2010 results

by Editor fleischwirtschaft.com
Monday, February 08, 2010

Tyson Foods announced 1st quarter 2010 Net EPS was $0.42, a record for a first fiscal quarter, as compared to $(0.27) last year.

Furthermore the company stated in a press release all operating segments were profitable, with three above their normalised ranges:
- Chicken operating income $78 million, or 3.2% of sales
- Beef operating income $119 million, or 4.4% of sales
- Pork operating income $62 million, or 7.6% of sales
- Prepared Foods operating income $55 million, or 7.7% of sales

Total debt, net of cash and restricted cash, was $1.9 billion, down $400 million from the end of fiscal 2009. Operations generated almost $550 million in cash flows in first quarter 2010.

Total sales in first quarter 2010 was $6,635, compared $6,521in first quarter 2009.