Cargill reported net earnings of $784 million in the second quarter of fiscal 2015. That’s a 41 percent increase from a year ago. First-half earnings were $1.21 billion, a 7 percent increase from a year ago. Second quarter revenues were down 8 percent to $30.3 billion, bringing 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 CEO. "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."
MacLennan also said the company drew on the diversity of its animal nutrition and protein businesses around the world to help animal and livestock producers make the most of favorable demand fundamentals and satisfy consumers’ growing interest in adding more protein to their diets.
"We’re pleased to kick off Cargill’s 150th year in business with these positive results. We look forward to many more years of serving the changing needs of our customers and stakeholders."
UPDATE 1-Cargill profit surges as lower grain prices spur demand
Cargill reports second-quarter fiscal 2015 earnings