Content about Donnie Smith

July 2, 2014

Tyson reached an agreement to acquire Hillshire Brands in deal valued at $8.55 billion that includes Tyson paying a $163 termination fee to Pinnacle Foods, a company Hillshire was in the process of acquiring.

Tyson reached an agreement to acquire Hillshire Brands in deal valued at $8.55 billion that includes Tyson paying a $163 termination fee to Pinnacle Foods, a company Hillshire was in the process of acquiring.

Tyson said it will pay $63 a share for Hillshire in an all cash deal that makes the world’s largest protein producer an even more dominant player on the global food stage.

August 5, 2013

Strong sales of chicken and beef pushed Tyson Food’s sales to record levels during the third quarter ended June 29.

Strong sales of chicken and beef pushed Tyson Food’s sales to record levels during the third quarter ended June 29.

The world’s largest protein producer attributed the growth to a combination of volume and price increases. Total sales increased 5.7% to $8.7 billion while profits from continuing operations grew to $249 million, or 69 cents a share, from $76 million, or 22 cents a share.

February 3, 2013

Higher prices for chicken and beef enabled Tyson Foods to offset reduced volumes during its first quarter and that has the company off to what president and CEO Donnie Smith called a good start to the fiscal year.

Higher prices for chicken and beef enabled Tyson Foods to offset reduced volumes during its first quarter and that has the company off to what president and CEO Donnie Smith called a good start to the fiscal year.

The nation’s largest protein producer said sales increased less than 1% to $8.4 billion from $8.3 billion, but profits grew nearly 11% to $173 million from $156 million and earnings per share increased 14.3% to 48 cents from 42 cents.