Latest news with #Cargill Inc
Bloomberg
2 days ago
- Business
- Bloomberg
Cargill Pays Billionaire Owners a Record $1.5 Billion Dividend
Cargill Inc. paid a record dividend to the billionaire families who control the world's biggest agricultural commodities trader after profits surged 44% in its most recent financial year. The largest privately-held company in the US by revenue paid out almost $1.5 billion in the year ended May 31, according to the company's audited annual accounts seen by Bloomberg News. That's up almost 25% from a year earlier and eclipsed the previous record dividend in 2022, when Cargill made the most money in its 160-year history.
Bloomberg
3 days ago
- Business
- Bloomberg
Cargill's Revenue Falls to 4-Year Low Amid Declining Crop Prices
Cargill Inc. 's revenue declined to the lowest in four years as the largest private company in the US continues to restructure in the face of declining crop prices and a shrinking American cattle herd. The Minneapolis-based company posted revenue of $154 billion in the year ended May 31, according to an annual report posted on its website. That's down from about $160 billion a year earlier and the lowest since 2021, when revenue was reported at $134 billion.
