Tyson announces Q4 & year-end results, creates new leadership positions
Tyson Foods Inc. announced its fourth-quarter and year-end results. In the fourth quarter, the company had record sales of $8.9 billion, an increase of 7% over last year. Operating income increased 18% to $416 million. For the 2013 fiscal year, Tyson had record sales of $34.4 billion, an increase of 4% over last year, and operating income increased 7% to $1,375 million
"We had a great fourth quarter, and 2013 was the best year in company history in terms of record sales and earnings per share," said Donnie Smith, Tyson's president and CEO. "The company achieved these results while buying back $550 million in stock, paying more than $100 million in dividends, continuing to build out operations in China and growing our prepared foods business through acquisitions and by entering new product categories.