Cargill Q3 2014 Net Earnings Drop 23 Percent From Year-Ago Period

April 10, 2014

Cargill reported net earnings of $319 million in the fiscal 2014 third quarter ended Feb. 28, down 28 percent from $445 million in the year-ago period. Nine-month earnings were $1.45 billion, down 21 percent from $1.83 billion a year ago. Third-quarter revenues were $32 billion, essentially even with the year-ago period; nine-month revenues totaled $98.7 billion. 

“External events affected our quarterly results, even as we saw operational improvements in key businesses,” said David MacLennan, Cargill’s president and chief executive officer, in a prepared statement. “Our animal protein results are much improved from last year, and, with 2012’s acquisition of Provimi, our global animal nutrition operations are on a record pace for the year. Despite one of the worst winters on record, we reliably delivered a near-record tonnage of road salt and deicing products to our customers across North America’s snow belt.” Full report.



Cargill Inc. Recalls More Ground Turkey

Sept. 12, 2011
Cargill Inc. has recalled about 185,000 pounds of ground turkey over fears the meat may be tainted with salmonella after a test found salmonella bacteria in a sample from the ...