date:Aug 01, 2012
and Europe. While U.S. crop carryouts are expected to be low, we have an experienced business team to manage through this environment.
Overall operating profit fell 41% in the fourth quarter and 39% in the full year, as the companys three largest segments posted lower year-over-year results.
The sharpest loss during the year occurred in the Corn Processing segment, where operating profit fell 76% to $261 million from $1,079 million. Net sales in the segment were higher, rising 22% to $12,114