Pharos-Tribune

Business

May 11, 2014

Business news in brief, May 11

(Continued)

Tyson posts record quarterly sales

SPRINGDALE, Ark. — Tyson Foods Inc. reported a record second quarter on Tuesday, with sales exceeding $9 billion as earnings increased 58 percent to $0.60 per share.

It’s the first time quarterly sales surpassed $9 billion and represents an increase of 7.7 percent over the second quarter of the prior year. Operating income increased 53 percent to $361 million.

The pork segment of the company had operating income of $107 million with a 7.2 percent operating margin.

Tyson is one of the world’s largest processors and marketers of chicken, beef and pork. Its Logansport meat processing facility employs more than 1,800 workers.

Tyson declares dividends

SPRINGDALE, Ark. — The Board of Directors of Tyson Foods Inc. at a meeting on May 1 declared the quarterly dividend of $0.075 per share on Class A common stock and $0.0675 per share on Class B common stock, payable on Sept. 15, to shareholders of record at the close of business on Aug. 29, 2014.

Wolf Park earns rating award

BATTLE GROUND — Wolf Park was honored recently with a 2014 Top-Rated Award from GreatNonprofits, a provider of user reviews about nonprofit organizations.

While the Top-Rated Awards run through the end of October, Wolf Park was part of the inaugural group to qualify for the year.

Reviews on the GreatNonprofits.org influence 30 million donation decisions a year, according to a release from the organization.

Wolf Park is located in Battle Ground and focuses on wolf behavioral research, education and conservation.

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