AI English summary of an SEC filing — figures as filed
Tyson Foods TSNTyson Foods said it reported sales of $13,353 million, GAAP operating income of $341 million and adjusted operating income of $491 million for the third quarter ended June 29, 2024 Q3 2024. In the year-earlier quarter, it had an operating loss of $(350) million and adjusted operating income of $179 million.
Key points
AI summaryTyson Foods said it reported sales of $13,353 million, GAAP operating income of $341 million and adjusted operating income of $491 million for the third quarter ended June 29, 2024 Q3 2024. In the year-earlier quarter, it had an operating loss of $(350) million and adjusted operating income of $179 million.
The company reported adjusted operating income for Q3 of $307 million for Chicken, $203 million for Prepared Foods and $22 million for Pork, and $(69) million for Beef. In the year-earlier quarter, Chicken had an adjusted operating loss of $(63) million.
Tyson Foods said it generated cash from operating activities of $1,973 million, invested $(884) million in property, plant and equipment and produced free cash flow (non-GAAP) of $1,089 million in the 9 months ended June 29, 2024. In the same period last year, free cash flow was $(135) million.
The company said it expects adjusted operating income for fiscal 2024 as a whole to range from $1.6 billion to $1.8 billion. It also said total liquidity was $4.8 billion as of June 29, 2024, and that it plans to use existing liquidity to retire the $1.25 billion senior notes due August 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Tyson Foods 2024 Q3 Sales and Operating Income
Tyson Foods said it reported sales of $13,353 million, GAAP operating income of $341 million and adjusted operating income of $491 million for the third quarter ended June 29, 2024 Q3 2024. In the year-earlier quarter, it had an operating loss of $(350) million and adjusted operating income of $179 million.
Source · Based on the filing body and exhibits
Tyson Foods Q3 Adjusted Operating Income by Segment
The company reported adjusted operating income for Q3 of $307 million for Chicken, $203 million for Prepared Foods and $22 million for Pork, and $(69) million for Beef. In the year-earlier quarter, Chicken had an adjusted operating loss of $(63) million.
Source · Based on the filing body and exhibits
Tyson Foods 9-Month Cash Flow and Free Cash Flow
Tyson Foods said it generated cash from operating activities of $1,973 million, invested $(884) million in property, plant and equipment and produced free cash flow (non-GAAP) of $1,089 million in the 9 months ended June 29, 2024. In the same period last year, free cash flow was $(135) million.
Source · Based on the filing body and exhibits
Full-Year Outlook and Liquidity
The company said it expects adjusted operating income for fiscal 2024 as a whole to range from $1.6 billion to $1.8 billion. It also said total liquidity was $4.8 billion as of June 29, 2024, and that it plans to use existing liquidity to retire the $1.25 billion senior notes due August 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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