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Crop giant Cargill reports biggest profit in 156-year history

(2023-06-29 10:40:45) 下一个

Crop giant Cargill reports biggest profit in 156-year history

https://www.bnnbloomberg.ca/crop-giant-cargill-reports-biggest-profit-in-156-year-history-1.1637594

农作物巨头嘉吉公布 156 年历史上最大利润

https://www.bnnbloomberg.ca/crop-giant-cargill-reports-biggest-profit-in-156-year-history-1.1637594

哈维尔·布拉斯,彭博新闻,2021 年 8 月 6 日

2020 年 5 月 11 日星期一,一名媒体成员拍摄了加拿大魁北克省尚布利嘉吉公司肉类工厂外的标牌。牛肉、猪肉、鸡肉和香肠的整箱工厂已关闭,因为该公司“ 5 月 9 日的一份声明称,“我们对社区和我们员工中的病例数量感到担忧”。 摄影师:Christinne Muschi/彭博社,彭博社

大宗商品巨头嘉吉公司 (Cargill Inc.) 从蓬勃发展的农业市场中获利,今年是其 156 年历史上利润最高的一年。

根据彭博社看到的年度财务报告,这家美国最大的私营公司在玉米等市场占据主导地位,截至 5 月底的 2021 财年净利润近 50 亿美元。 利润的激增表明大宗商品商人在 COVID-19 大流行期间享受到了丰厚的利润。

2020 年,嘉吉打破了二十多年来的透明度传统,停止公开发布业绩。 它仍然与银行家、债券持有人和其他人分享财务业绩。 嘉吉发言人拒绝发表评论,只是表示该公司将于 8 月 9 日公布年度收入,但不会公布其他财务信息。

嘉吉公司从肉类、玉米和大豆消费量的激增中获利,尤其是来自中国的肉类、玉米和大豆消费量的激增。 强劲的需求推动农产品市场飙升,提高了大宗商品生产商和贸易商的利润。 然而,对嘉吉及其同行有利的事情却让消费品公司以及最终面临十年来最高食品通胀的家庭感到头疼。

账目显示,嘉吉在 2021 财年实现净利润略高于 49.3 亿美元,比 2020 财年的 30 亿美元增长 64%,远高于 2008 年高峰期创下的 39.5 亿美元的历史纪录。 中国主导的大宗商品超级周期。

上一财年,该公司的销售额为 1,344 亿美元,高于上年同期的 1,146 亿美元。 该公司的销售额与利润率接近 3.7%,对于大宗商品交易商来说已经相当高了。

利润的繁荣证明了首席执行官戴维·麦克伦南 (David MacLennan) 的战略是正确的,自 2013 年上任以来,他出售了业绩不佳的业务,并大力押注对牛肉、鸡肉和鱼等蛋白质的需求。

嘉吉在 70 个国家/地区拥有约 155,000 名员工,是备受赞誉的 ABCD 商业公司集团中的“C”,该集团主导了谷物贸易一个世纪。 Archer-Daniels-Midland Co. 是“A”,Bunge Ltd. 是“B”,Louis Dreyfus Co. 是“D”。

嘉吉公司的统治集团中有 14 名亿万富翁,该公司的所有者是威廉·华莱士·嘉吉 (William Wallace Cargill) 的继承人,威廉·华莱士·嘉吉 (William Wallace Cargill) 在美国中西部创立了该公司。 除了家族所有者之外,高级管理人员和其他员工还控制着公司的少量股份。

Javier Blas, Bloomberg News  Aug 6, 2021

A member of the media films signage outside the Cargill Inc. meat plant in Chambly, Quebec, Canada, on Monday, May 11, 2020. The case-ready facility for beef, pork, chicken and sausage has shut down as the company is “concerned about the number of cases in the community and among our employees,” according to a May 9 statement. Photographer: Christinne Muschi/Bloomberg , Bloomberg

Commodity powerhouse Cargill Inc. has cashed in on booming agricultural markets with the most profitable year in its 156-year history.

The largest private U.S. company, which dominates markets such as corn, had almost US$5 billion in net income during its 2021 fiscal year through the end of May, according to annual financial reports seen by Bloomberg News. The profit boom shows the bonanza enjoyed by commodity merchants during the COVID-19 pandemic.

Cargill broke with a more than two-decade tradition of transparency in 2020 and stopped releasing its results publicly. It still shares financial results with its bankers, bondholders and others. A Cargill spokesperson declined to comment beyond saying the company will release its annual revenue on August 9, but not other financial information.

Cargill has profited from surging consumption of meat, corn and soybeans, particularly from China. The strong demand has sent agricultural markets skyrocketing, boosting profits for commodity producers and traders. What’s good for Cargill and its peers, however, is a headache for consumer goods companies and ultimately households, which face the highest food inflation in a decade.

The accounts show that Cargill delivered net income of just above US$4.93 billion in its 2021 fiscal year, up 64 per cent from the US$3 billion in fiscal 2020 and well above a previous record of US$3.95 billion set in 2008 at the height of the China-led commodity super cycle.

During the last fiscal year, the company reported sales of US$134.4 billion, up from US$114.6 billion a year earlier. The company enjoyed a sales-to-profit margin of almost 3.7 per cent -- large for a commodity trader.

The profit boom vindicates the strategy of Chief Executive Officer David MacLennan, who has sold under-performing businesses and bet heavily on demand for proteins such as beef, chicken and fish since taking over in 2013.

With some 155,000 employees across 70 countries, Cargill is the “C” in the vaunted ABCD group of merchant companies that have dominated grain trading for a century. Archer-Daniels-Midland Co. is the “A,” Bunge Ltd. is the “B,” and Louis Dreyfus Co. is the “D.”

Cargill, which counts 14 billionaires among its ruling circle, is owned by the heirs of William Wallace Cargill, who founded the company in the American Midwest. On top of the family owners, senior management and other employees control a small stake in the company.

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