Four Westchester County corporations announce Q2 earnings

Four Westchester County corporations announced earnings this week, with Bunge Ltd. posting a major increase in earnings per share for the second quarter led by its food and ingredients and agribusiness divisions.

White Plains-based Bunge announced net income per common share from continuing operations at $1.71 per share, against 74 cents for the second quarter of 2013. The company reported $311 million in agribusiness sales and $90 million in food and ingredients sales in the second quarter, compared to $170 million in agribusiness sales and $63 million in food sales in the second quarter of 2013.

“We had a strong performance in the second quarter with all segments reporting higher year-over-year results,” said Soren Schroder, Bunge’s CEO, in a press release. “Strong global oilseed processing margins, driven by big crops and growing demand, led to significantly better results in agribusiness.”

MasterCard Inc., based in Purchase, reported net revenue for the second quarter was $2.4 billion, a 13 percent increase versus the same period in 2013. Worldwide purchase volume during the quarter was up 13 percent on a local currency basis versus the second quarter of 2013, to $821 billion.

“We are pleased with another quarter of solid performance, driven by healthy volume and revenue growth,” said Ajay Banga, president and CEO of MasterCard, in the company”™s earnings release. “We continue to invest in our strategic initiatives, including acquisitions, while strengthening partnerships with banks, merchants, governments and mobile operators to grow and improve our business and theirs.”

Jarden Corp., a conglomerate headquartered in Rye Brook that manufactures consumer products, reported net income for the quarter of $24.3 million, down from $52.1 million in the second quarter of 2013. That amounted to earnings per share of 42 cents for the second quarter, versus per-share earnings of 71 cents for the second quarter of 2013. The company cited a debt retirement of approximately $46 million as the reason for the drop versus last year”™s figures.

Handy and Harman Ltd., a White Plains-based industrial company, reported net sales of $195.5 million for the quarter, as compared to $182.1 million for the same period in 2013. The company said income from continuing operations, net of tax, for the first half of the year was $10.7 million, or 82 cents per common share, as compared to income of $8.7 million, or 66 cents per basic and diluted common share, for the same period in 2013.