John Tyson
John Tyson
accounting cash complete continues determine effect impossible matters offer resolve tender work
Unfortunately, it will be impossible to complete the cash tender offer by the 28th. IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.
across country effort help joined left lives others people powerful storm whose
We're saddened by the devastation left by this powerful storm and have joined others across the country in the effort to help those people whose lives have been disrupted,
act charts corporate efforts environment explains food importance including land partners precisely provide recognize report safe seek serve team treat
We recognize the importance of being a responsible corporate citizen. This report charts our efforts as we seek to do what's right for all our stakeholders. It describes precisely how we provide safe food to the marketplace, serve as stewards for the animals, land and environment and act as partners in our communities. It also explains how we treat people, including our Team Members, consumers, suppliers and the communities where we live and operate.
case evolution excited monumental ready represents step
We're excited about proceeding with this project, which represents another monumental step in the evolution of our case ready meats business,
both cause disruption history members plant regret team
We regret the disruption the closings will cause our team members and these two outstanding plant communities, which both have a long history in the meatpacking industry.
accounting confidence forward issues management premier protein run satisfied together work
We are satisfied that IBP's accounting issues have been resolved, and have every confidence in (IBP's) management team, ... We look forward to their contribution as we work together to run the world's premier protein provider.
buying cattle continue decision freedom gratified livestock market means practices producers proves supreme
We are gratified by the Supreme Court's decision in this case. This means U. S. cattle producers will continue to have the freedom to market cattle the way they want. It also proves our livestock buying practices are proper.
conditions difficult expected far tough uncertain
While we expected tough and uncertain conditions ... it has been far more difficult than we previously projected.
country hit outpouring people prayer region storm support
While the storm that hit this region was overwhelming, so has been the outpouring prayer and support from people around the country for those in need,
employ pleased state team tyson
We're pleased to be part of this effort, especially in the state of Mississippi where we employ more than 5,000 Tyson Team Members.
quarter second tougher
We said the second quarter would be very tough, and it was even tougher than we anticipated.
beef chicken conditions early entered fiscal foods further knowing market operating pork prepared producing results segment solid struggled
We entered fiscal 2006 knowing market conditions would be difficult, especially early in the year. During the first quarter, our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.