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Good Q4 and year for Tyson

Tyson Foods reporting a very good fourth-quarter and fiscal year. The nation’s largest meat processor says fiscal fourth-quarter sales were a record $8.89 billion up 7 percent from the fourth quarter of 2012. Net income hit $261 million or 70 cents a share for the quarter ending September 28th compared to $185 million or 57 cents a share a year ago.

For the 2014 fiscal year, Tyson reports record sales of $34.37 billion and net income of $778 million or $2.31 per share. Adjusted earnings per share (EPS) also a record $2.26. That compares to and EPS of $1.97 in 2012 on sales of $33 billion, net income of $576 million.

By segment, Tyson’s beef sales totaled $14.4 billion in 2013 compared to $13.755 in 2012. Volume was actually 1.8 percent lower but prices were 6.6 percent higher. Chicken sales totaled $12.29 billion compared to $11.368 billion in 2012. Volume was up 1.9 percent and prices were 6.1 percent higher for the year. Pork sales totaled $5.4 billion, down from the $5.5 billion in 2012. Pork prices were 1.9 percent higher but volume dropped 3.6 percent for the year.

However, pork was the most profitable segment with an operating margin of 6.1 percent, chicken was 5.3 percent and beef had an operating margin of 2.1 percent for the year.

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