In this file:
· Community members seek water pollution resolution; Tyson shuts it down
… In Springdale, Arkansas, Tyson’s had their annual shareholders meeting this morning. In that meeting, they were voting to possibly adopt a water stewardship policy nationwide. And at the exact same time, concerned citizens were rallying in Accomack County in a campaign called "Clean It Up Tyson"… We're told the Tyson Shareholders voted down the resolution to implement a water stewardship policy…
· Iowa water quality advocates press Tyson Foods to enact conservation practices
… During a news conference held in Des Moines Water Works Park on the Raccoon River, the advocates expressed hope the meat producer’s shareholders would approve a resolution urging the same at its shareholders meeting on Thursday in Arkansas…
· Tyson: We Like Good Companies At Fair Prices
· Tyson sees meat prices up as freight costs rise
· Tyson Foods (TSN) Q1 2018 Results - Earnings Call Transcript
· US meat giant Tyson Foods reveals sale of Kettle sauces business
Community members seek water pollution resolution; Tyson shuts it down
By: Justina Coronel, WMDT 47 ABC (MD)
Feb 08, 2018
ONANCOCK, Va. - A small team of community members are battling against the country’s largest meat producer.
It's all a part of a nationwide campaign to push Tyson Foods to address a specific issue right here on the shore.
In Springdale, Arkansas, Tyson’s had their annual shareholders meeting this morning. In that meeting, they were voting to possibly adopt a water stewardship policy nationwide.
And at the exact same time, concerned citizens were rallying in Accomack County in a campaign called "Clean It Up Tyson". This press conference was led by Mighty Earth Eastern Shore and they are trying to protect waters through this resolution.
Those for the plan say the resolution is quite simple.
Concerned business owner, David Fick tells us, "It says that they need to come with a method in reducing nitrate contribution to the water and there are ways to do this and they actually claim in their response that they're already doing it. So I don't see why they don't agree other than, we are also asking for timelines and specific commitments that are measurable to reduce their nitrate contribution to the water."
We're told the influx of chicken plants popping up in Accomack County can be making quite the impact on our waters.
"Well there’s tremendous growth and with that growth comes from runoff of chicken waste and nutrients out of the chicken process and what that does it increases the load on our streams in such a way that we can’t grow oysters anymore," Fick says.
Those in favor of the plan say it's the expansion of 250 chicken houses in the county that's raising eyebrows. Each person at the event expressed concerns of these new add ons. Their concerns? The possible impact on agriculture and tourism.
We're told the Tyson Shareholders voted down the resolution to implement a water stewardship policy.
We asked for an interview from Tyson based on this resolution but...
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Iowa water quality advocates press Tyson Foods to enact conservation practices
Erin Murphy, Globe Gazette (IA)
Feb 8, 2018
DES MOINES — Water quality advocates on Thursday called on Tyson Foods to enact more conservation practices to help make Iowa’s impaired waterways cleaner.
During a news conference held in Des Moines Water Works Park on the Raccoon River, the advocates expressed hope the meat producer’s shareholders would approve a resolution urging the same at its shareholders meeting on Thursday in Arkansas.
“Tyson has a chance to make the meat industry less polluting and better for the communities in and downstream from where they operate,” said Jessye Waxman, the lead organizer for the Clean it Up Tyson advocacy campaign.
The shareholders resolution was rejected at Thursday’s shareholders meeting, according to a company spokeswoman who also defended Tyson Foods’ record on water conservation practices.
“We’ve talked to this group and are aware of their concerns,” Tyson spokeswoman Caroline Ahn said in an emailed statement. “We’re committed to doing our part to address potential issues about pollution from crops, but believe any real changes must involve a broad coalition of leaders from across the supply chain working together, not just a single company.”
Waxman said as one of the nation’s largest meat producers Tyson has an opportunity to lead on water conservation rather than wait for the coalition that Ahn described.
At the news conference Thursday in Des Moines, Des Moines Water Works CEO Bill Stowe, Iowa Environmental Council water program director Susan Heathcote, and Iowa Citizens for Community Improvement state policy director Adam Mason spoke about what they said is a need for large companies to be better environmental stewards...
Tyson: We Like Good Companies At Fair Prices
About: Tyson Foods (TSN)
Quad 7 Capital
via Seeking Alpha - Feb. 9.18
· Top and bottom line growth from Tyson foods is impressive.
· Segment specific performance reveals strength in pricing and volumes in most segments although operating income has been challenged by labor and freight costs.
· We offer 2018 projections that suggest sales will rise to as high as $41.4 billion with earnings per share of $6.85, suggesting Tyson is attractively priced.
Tyson Foods (NYSE:TSN) is a powerhouse supplier of meats/proteins to industry and retail supermarkets. We have been back and forth on the name, generally calling for buys when the stock was at a discount, and shifting into a hold when such discounts dissipated. While Tyson has been a great trading vehicle, it is our thesis that the stock is a strong long-term buy and hold. In the present column, we will discuss performance relative to our expectations for the name, and highlight key strengths and weakness you need to be aware of. Further, we offer our 2018 projections.
Top line impresses ...
Income metrics are telling sign ...
Segment performance ...
2018 projections ...
Take home ...
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Tyson sees meat prices up as freight costs rise
By Allison Prang, MarketWatch
Feb 8, 2018
Tyson Foods Inc.'s chief executive said rising freight and labor costs will mean higher meat prices for U.S. consumers.
Tyson projected a nationwide shortage of trucks and drivers will add $200 million to the meat company's costs this year, while rising wages for slaughterhouse workers also increase expenses for the biggest U.S. meat processor by sales.
"Freight is a tough one, it's affecting all of our businesses," Chief Executive Tom Hayes said Thursday. "Ultimately, the consumer's going to pay for it at some point."
Tire makers, beer distributors and other companies are struggling against a nationwide trucking shortage. The strengthening U.S. economy is driving industrial production higher, so companies are trying to ship more goods. At the same time, bad weather has slowed transport across parts of the U.S. and a new federal safety rule that took effect in December has cut into the availability of roadworthy trucks.
Short-term prices to secure some big rigs have jumped 20% as a result, and long-term shipping contract rates are projected to climb between 5% and 8% this year. Mr. Hayes said Thursday it is "critical" that Tyson recover some of those growing costs. Tyson is discussing price increases with grocery store, restaurant and distributor customers, he said.
Tyson on Thursday reported a first-quarter profit of $1.63 billion, or $4.40 a share, compared with $593 million, or $1.59 a share, a year ago. The new U.S. tax law contributed to a $790 million benefit for the quarter, and Tyson said it plans to spend more than $100 million on one-time cash bonuses for workers this year as a result...
Tyson Foods (TSN) Q1 2018 Results - Earnings Call Transcript
About: Tyson Foods (TSN)
via Seeking Alpha - Feb. 8.18
Tyson Foods, Inc. (NYSE:TSN) Q1 2018 Earnings Call February 8, 2018 9:00 AM ET
Jon Kathol - Tyson Foods, Inc.
Thomas P. Hayes - Tyson Foods, Inc.
Dennis Leatherby - Tyson Foods, Inc.
Stewart F. Glendinning - Tyson Foods, Inc.
Jeremy Scott - Mizuho Securities USA, Inc.
Heather Jones - Vertical Group
Tom Palmer, CFA - JPMorgan Securities LLC
Kenneth B. Goldman - JPMorgan Securities LLC
Farha Aslam - Stephens, Inc.
Robert Moskow - Credit Suisse
Adam Samuelson - Goldman Sachs & Co. LLC
Michael Leith Piken - Cleveland Research Co. LLC
Kevin Lehmann - RBC Capital Markets LLC
Akshay Jagdale - Jefferies LLC
John Colantuoni - Morgan Stanley & Co. LLC
Brett W. S. Wong - Piper Jaffray & Co.
David Carlson - KeyBanc Capital Markets, Inc.
Kenneth Zaslow - BMO Capital Markets (United States)
Good morning, and welcome to the Tyson Foods First Quarter Earnings Conference Call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded.
I would now like to turn the conference over to Jon Kathol, Vice President of Investor Relations. Please go ahead, sir.
Jon Kathol - Tyson Foods, Inc.
Good morning, and welcome to the Tyson Foods Incorporated First Quarter Earnings Conference Call for the 2018 fiscal year. On today's call are Tom Hayes, President and Chief Executive Officer; Dennis Leatherby, our outgoing CFO; and Stewart Glendinning, who officially becomes our Chief Financial Officer on Saturday. Slides accompanying today's prepared remarks are available as a quarterly supplemental report on the Investor Relations website at ir.tyson.com.
Tyson Foods issued an earnings release this morning, which has been furnished to the SEC on Form 8-K and is available on our website at ir.tyson.com. Our remarks today include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements reflect current views with respect to future events such as Tyson's outlook for future performance on sales, margin, earnings growth and various other aspects of its business. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. I encourage you to read the release issued earlier this morning and our filings with the SEC for a discussion of the risks that can affect our business.
I would like to remind everyone that this call is being recorded on Thursday, February 8, at 9:00 AM Eastern time. A replay of today's call will be available on Tyson's website approximately one hour after the conclusion of this call. This broadcast is the property of Tyson Foods, and any re-distribution, re-transmission or rebroadcast of this call in any form without the expressed written consent of Tyson Foods is strictly prohibited.
Because our annual meeting of shareholders takes place this morning, we need to limit the call to an hour so we can get to the meeting on time. I ask that you honor the operator's one question, one follow-up instructions, and get back in the queue if you have additional questions. We want to get to as many of you as possible, so we'll be moving quickly through the Q&A while answering your questions as fully as possible.
I'll now turn the call over to Tom Hayes.
Thomas P. Hayes - Tyson Foods, Inc.
Okay, awesome. Thanks, Jon, and good morning, everybody. It's great to be with you on the line today for the first time this year. At Tyson Foods, we're creating a modern food company with a diverse portfolio of protein brands. Building on our momentum from a record year in fiscal 2017, we're off to a strong start in fiscal 2018. We delivered solid results in all of our segments: Beef, Pork, Chicken and Prepared Foods. And our retail...
US meat giant Tyson Foods reveals sale of Kettle sauces business
By Andy Coyne, Just-Food
8 February 2018
Tyson Foods has revealed its Kettle business was sold in December for US$125m.
In a statement accompanying its first-quarter results today (8 February), the US meat and prepared foods giant said Kettle is the first of the non-protein businesses the company was looking to sell to be offloaded.
"We completed the sale of our Kettle business on December 30, 2017, and received net proceeds of $125m which were used to pay down debt," Tyson said.
According to its former brand listing on Tyson's website, the Kettle Collection brand consisted of "artisan-Inspired cooking sauces, appetiser dips and side dishes with cravable consumer appeal and heat and serve convenience".
It formed part of the non-protein business segment at Tyson, a segment the company announced it was going to sell last April as part of a "strategic focus on protein brands".
Still remaining unsold are Tyson's Sara Lee...