Tyson Foods reported a net income of $258 million for the fourth quarter of fiscal year 2015, nearly doubling the net income of $137 million the company reported during the same quarter of fiscal year 2014.

The company released its quarterly and yearly financial results on November 23.

For the fiscal year, Tyson reported a net income of $1.22 billion, a substantial increase from the net income of $864 million achieved during fiscal year 2014.

Tyson Foods’ financial report for fiscal year 2015 marked the first full fiscal year for the company after its acquisition of Hillshire Brands, which was finalized on August 28, 2014.

"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 CEO of Tyson Foods.

"Our business model is working. The Prepared Foods segment had a very strong performance in the first full year of Tyson and Hillshire coming together. The Chicken segment had an outstanding year. Pork produced solid results. Beef experienced a tough operating environment most of fiscal 2015, but the other segments more than made up for it.”