On Wednesday, Shares of Tyson Foods, Inc. (NYSE:TSN), gained 1.55% to $49.85.
Tyson Foods, stated the results:
Fourth Quarter Highlights
- Adjusted operating income up 21% to $568 million
- Record fourth quarter adjusted operating margin of 5.8%
- Cash flows from operations of $898 million
- Captured $98 million in total synergies
- Repurchased 5.9 million shares for $250 million, not taking into account shares repurchased to offset dilution from our equity compensation plan
Fiscal 2015 Highlights
- Record adjusted EPS of $3.15, an improvement of 7% over preceding year
- Record adjusted sales of $40.6 billion, an improvement of 9% over preceding year
- Record adjusted operating income of $2.25 billion, an improvement of 37% over preceding year
- Record cash flows from operations of $2.6 billion
- Captured $322 million in total synergies
“Fiscal 2015 was an important year for Tyson Foods, because it proved that our house of brands gives us the ability to produce record sales and earnings in less than optimum conditions, all while successfully merging two large companies,” said Donnie Smith, president and chief executive officer of Tyson Foods, Inc.
Tyson Foods, Inc., together with its auxiliaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, in addition to case ready beef and pork, and fully-cooked meats.
Shares of Statoil ASA (ADR) (NYSE:STO), declined -1.64% to $15.56, during its last trading session.
The following primary insider in Statoil ASA has sold shares in Statoil ASA:
Lars Christian Bacher, executive vice president in Statoil ASA, has on 27 November 2015 sold 5,000 shares in Statoil ASA at a price of NOK 135.40 per share, and will after the purchase hold 20,172 shares in Statoil ASA.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally.
Finally, Shares of Sunstone Hotel Investors Inc (NYSE:SHO), ended its last trade with 1.33% gain, and closed at $14.48.
Sunstone Hotel Investors, declared results for the third quarter ended September 30, 2015.
Third Quarter 2015 Operational Results (as contrast to Third Quarter 2014):
- Comparable Hotel RevPAR, counting adoption of the industry’s Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition (“USALI Eleventh Revised Edition”), which became effective January 1, 2015, raised 3.9% to $177.49.
- Comparable Hotel Adjusted EBITDA Margin, counting the effects of $2.9 million in property tax improvements at the Company’s Chicago and Orlando hotels combined with the USALI Eleventh Revised Edition adoption, and not taking into account preceding year property taxes, net reduced 40 basis points to 31.4%.
- Adjusted EBITDA raised 3.0% to $94.2 million.
- Adjusted FFO attributable to common stockholders per diluted share raised 5.9% to $0.36.
- Income attributable to common stockholders raised 99.1% to $58.8 million.
- Income attributable to common stockholders per diluted share raised 100% to $0.28.
John Arabia, President and Chief Executive Officer, stated, “Our portfolio met the high-end of our expectations for the third quarter despite a tougher year over year comparison due to anticipated calendar shifts and a material unanticipated improvement to real estate taxes. We continue to see strength with the group customer which, combined with the imbedded growth from our on-going hotel repositionings, causes us to presently believe that we will see strong operating results for the next few years. In addition to the organic growth in our portfolio, we will continue to seek opportunities to selectively dispose of assets when we can realize a value in excess of our internal valuation.”
Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset administration, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States.