Tyson Expects $25 Billion
by February 18, 2002 12:00 am 63 views
Tyson Foods Inc. Chief Financial Officer Steve Hankins said the Springdale company is projecting revenue of about $25 billion for 2002.
Tyson held its annual shareholders meeting Feb. 1 at Fayetteville’s Walton Arts Center.
Hankins said Tyson had $7.79 billion in revenue in 2001. The acquisition of IBP Inc. in September is expected to make Tyson one of the 75 largest companies in the world.
Hankins said the company expects 2002 diluted earnings per share to be in the range of $1.10-$1.20.
The most pleasing number for Tyson in 2001 was its ability to reduce its debt by $550 million following its cash tender offer for IBP.