Smithfield Foods, Inc. (NYSE: SFD) today reported record net income of $44.6 million, or $.81 per diluted share, for the first quarter of fiscal 2001. These results compare with $6.9 million, or $.15 per diluted share in the same quarter of fiscal 2000. Earnings for the current year represented a more than six-fold increase in net income and a more than five-fold increase in net income per share.