Cargill ends its year with $2 billion in earnings

  • Article by: Mike Hughlett , Star Tribune
  • Updated: August 7, 2013 - 8:45 PM

Cargill rebounded from a disastrous 2012, ending 2013 with a strong fourth quarter and improvement in most of its operating units.

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palsarAug. 7, 1312:40 PM

This is an outrage! Cargill shouldn't be allowed to have a profit of $2B. TAX TAX TAX evil corporations out of existence!

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vikesgal0402Aug. 7, 13 2:07 PM

Of course Cargill rebounded. They laid off a significant amount of their workforce to make their numbers work. While I'm sure the business units improved, Cargill is still a knee-jerk reactive company that even if they lose $1million, they will lay off people. It's still a company that is behind the times technologically and they still have way too many people there with stale ideas and a yesteryear mentality. It's one of the worst employee environments to work in. They send jobs overseas and they muscle vendors to squeeze as much profit as they can from them.

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biddabangAug. 7, 13 2:13 PM

Cargill laid off a significant amount of their workforce over the last 2 years. That's why they are seeing part of their earnings rise. They are saving on salaries and benefits. Don't believe the hype. When they bring back jobs to MN and the USA, then that will be something commendable to report.

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erikj3Aug. 7, 13 4:06 PM

Enough reporting on how awesome businesses are doing. More reporting on growing inequality in America and how it's killing the middle class please.

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fromupnortAug. 7, 13 7:17 PM

Whenever a corporation reports a profit, you can guess that the real return is much larger. Does anyone know the ROI for this company? $2 billion can not be much ROI considering the size of Cargill.

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kilofoxAug. 7, 1310:18 PM

That is outrageous. They must share with the collective. Someone must notify Dayton and Al Franken.

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getacluemanAug. 7, 1310:41 PM

Cargill is a completely private company. The Cargill and MacMillan families own the vast majority of it. Why do they even report earnings?

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jasinningAug. 8, 13 7:33 AM

Are profits still legal in this country?

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viczee26Aug. 8, 13 5:39 PM

"But for fiscal year 2013, Cargill said it earned $2.31 billion, up from $1.17 billion in fiscal 2012". So, 2012 was a disastrous year as stated in the bi-line? Hmmmmmm, it says that they earned $1.17 billion last year.. disaster in their book maybe.. not mine.

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