This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tyson Weathers Second Quarter Challenges; Expects Strong Second Half Of Year

SPRINGDALE, Ark., May 6, 2013 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN), today reported the following results:
(in millions, except per share data) Second Quarter Six Months
  2013 2012 2013 2012
Sales  $ 8,419  $ 8,268  $ 16,821  $ 16,597
Operating Income 174 302 474 580
Net Income 106 166 274 322
Less: Net Income Attributable to Noncontrolling Interest 11 6
Net Income Attributable to Tyson  $ 95  $ 166  $ 268  $ 322
Net Income Per Share Attributable to Tyson  $ 0.26  $ 0.44  $ 0.74  $ 0.86
Adjusted 1 Net Income Per Share Attributable to Tyson  $ 0.36  $ 0.44  $ 0.84  $ 0.86
1 Adjusted EPS is explained and reconciled to comparable GAAP measure at the end of this release.

Second Quarter Highlights
  • Reported EPS was $0.26; Adjusted EPS was $0.36 compared to $0.44 last year
  • Overall operating margin was 2.1%
  • Net interest expense was $34 million, down 28% compared to last year
  • Repurchased 2.1 million shares for $50 million
  • Liquidity totaled $1.8 billion at March 30, 2013

"Our second quarter typically is our most challenging, and this quarter was no exception," said Donnie Smith, Tyson Foods' president and chief executive officer. "However, our business is structured to withstand adverse conditions, and we worked through the issues while positioning ourselves for what we believe will be a strong performance in the second half of the year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs