Tyson Foods, Inc. : Tyson Foods Outlines Company Strategy to Investors
05/16/2012| 09:27am US/Eastern
Recommend:
NEW YORK, May 16, 2012 (GLOBE NEWSWIRE) -- Now that Tyson
Foods, Inc. (NYSE:TSN) has achieved earnings stability in
recent years, the company is looking toward earnings growth.
"Accelerate, Innovate, Cultivate" is the
company's strategy to grow its business, Donnie Smith,
Tyson's president and chief executive officer, today told
investors at the BMO Capital Markets 2012 Farm to Market
Conference. Dennis Leatherby, executive vice president and
chief financial officer, also represented Tyson at the
conference.
"We will accelerate growth through our international
businesses in China, Brazil, Mexico and India, and we will
grow our value-added product sales domestically," Smith
said. "We will innovate through products, processes and
analytics, and we will cultivate our team members through
practical talent development programs."
The "Accelerate, Innovate, Cultivate" strategy is
built on a foundation of managing business fundamentals and
on a strong capital structure. Tyson's balance sheet
gives the company flexibility to build or buy assets to fill
product offering gaps while continuing to invest in its
existing infrastructure, Smith said.
"De-risking and optionality are terms we use to describe
how we will manage our capital structure to drive a sustained
competitive advantage," Smith said. Tyson has gone from
a net debt to capital ratio of about 55% at the beginning of
fiscal 2002 to 20.5% at the end of fiscal 2011, putting the
company in a better position to capitalize on changing
protein fundamentals, even in times of challenging market
dynamics.
About Tyson Foods
Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with
headquarters in Springdale, Arkansas, is one of the
world's largest processors and marketers of chicken, beef
and pork, the second-largest food production company in the
Fortune 500 and a member of the S&P 500. The company produces
a wide variety of protein-based and prepared food products
and is the recognized market leader in the retail and
foodservice markets it serves. Tyson provides products and
services to customers throughout the United States and more
than 130 countries. The company has approximately 115,000
Team Members employed at more than 400 facilities and offices
in the United States and around the world. Through its Core
Values, Code of Conduct and Team Member Bill of Rights, Tyson
strives to operate with integrity and trust and is committed
to creating value for its shareholders, customers and Team
Members. The company also strives to be faith-friendly,
provide a safe work environment and serve as stewards of the
animals, land and environment entrusted to it.
The Tyson Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3224
Forward Looking Statements
This release includes forward-looking statements as well as
historical information. These forward-looking statements may
include statements relating to domestic and international
growth and product innovations. Actual results may vary.
Factors that could cause actual results to differ from those
in the forward-looking statements include, but are not
limited to: consumer demand and perceptions; the availability
of raw materials; customer requests and requirements; and the
ability to compete in products and prices in a competitive
industry.
CONTACT: Investor Contact: Jon Kathol, 479-290-4235
Media Contact: Gary Mickelson, 479-290-6111
Image: Tyson Foods, Inc. Logo
Tyson Foods, Inc.
distributed by
|
|
Recommend :
