MINNEAPOLIS – Cargill today reported net earnings of $784 million in the fiscal 2015 second quarter ended Nov. 30, up 41 percent from $556 million in the year-ago period. First-half earnings were $1.21 billion, a 7 percent increase from $1.13 billion a year ago. Second-quarter revenues decreased 8 percent to $30.3 billion, which brought first-half revenues to $63.6 billion.
“With first-rate performance in our agricultural, animal nutrition and meat businesses, Cargill posted strong results, outpacing recent quarters by a good margin,” said David MacLennan, Cargill’s president and chief executive officer. “Just as last quarter’s focus was on getting ready for North America’s big harvest, the current quarter was all about execution. Our team did an excellent job serving farmer customers and fully utilizing our supply chains to meet domestic and export demand.” Full report.
