Tyson Foods, Inc. F4Q09 (Qtr End 10/03/09) Earnings Call Transcript

Nov. 23, 2009 1:11 PM ETTyson Foods, Inc. (TSN)
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Tyson Foods, Inc. (NYSE:TSN) Q4 2009 Earnings Call November 23, 2009 9:00 AM ET

Executives

Leland Tollett – Former Interim President & CEO

Donnie Smith – President & CEO

Jim Lochner – COO

Dennis Leatherby – EVP & CFO

Rick Greubel - Group VP & International President

Ruth Ann Wisener - IR

Analysts

Diane Geissler - CLSA

Christine McCracken - Cleveland Research Company

Ryan Oksenhendler - Bank of America/Merrill Lynch

Kenneth Zaslow - BMO Capital Markets

Heather Jones - BB&T Capital Markets

Robert Moskow - Credit Suisse

Christina McGlone - Deutsche Bank Securities

Ann Gurkin - Davenport & Company

Farha Aslam - Stephens, Inc.

Akshay Jagdale - KeyBanc

Ken Goldman - JPMorgan

Vincent Andrews - Morgan Stanley

Presentation

Operator

Welcome and thank you for standing by. (Operator Instructions) I would like to turn the meeting over to Ruth Ann Wisener.

Ruth Ann Wisener

Good morning and thank you for joining us today for Tyson Foods’ conference call for the fourth quarter of our 2009 fiscal year.

I want to remind everyone that some of the things we talk about today will include forward-looking statements. Those statements are based on our view of the world as we know it today, which could change. I encourage you to look at today’s press release for a discussion of the risks that can affect our business.

First, Leland Tollett, our former interim President, and CEO will be joining us via telephone for opening remarks and then he will get back to his much-deserved vacation. Donnie Smith, our new President, and CEO will provide overall comments as well as segment reports for chicken and prepared foods.

Reporting on beef and pork will be Jim Lochner, our new Chief Operating Officer, followed by the financial report from CFO, Dennis Leatherby . Also joining us on the call today are Rick Greubel, Group

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