MINNEAPOLIS - April 9, 2015 – Cargill today reported net earnings of $425 million in the fiscal 2015 third quarter ended Feb. 28, 2015, a 33 percent increase from $319 million in the year-ago period. Through nine months, the company earned $1.63 billion, up 13 percent from last year. Revenues in the third quarter decreased 11 percent to $28.4 billion; nine-month revenues totaled $91.97 billion.
“Cargill’s results were led by strong performance in our global group of meat and animal nutrition businesses,” said David MacLennan, Cargill’s president and chief executive officer. “In volatile petroleum markets, we saw a rebound in our energy businesses, having gained momentum from strategic changes made in the prior fiscal year. Faced with slowing growth and currency shifts in a range of markets, our food segment lagged expectations.”
MacLennan noted the company’s third quarter was up over a relatively weak comparative period in fiscal 2014. “One of the qualities that has made Cargill successful throughout our 150 years is our ability to meet challenges by uncovering new opportunities. With the uncertainties in the global economy, we are directing our full talent and capabilities to help customers adapt and thrive in this new environment. That’s essential to our growth goals, too.” View full report here.
