Cargill this week reported financial results for the fourth quarter and full fiscal year ending May 31st, 2016. The report comes as the company is on what it calls a “transformative path” to strengthen financial performance. Cargill reported full year earnings were down 11 percent, but noted net earnings were up 50 percent. The net earnings jump is attributed to the reshaping of the company's portfolio, including selling off multiple pieces of the business in the refocusing efforts. Cargill CEO David MacLennan says while Cargill has more work to do, the company has already made many changes and is “seeing improved results.”
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