Land O'Lakes Reports Net Earnings of $227.9 Million in Year-to-Date Financial Report

ST. PAUL, MN 

Land O'Lakes released its year-to-date financial results on Wednesday, November 5th, 2014, accounting for the company's earnings through the month of September as well as its Q3 earnings report. The report was a strong one, revealing a 15% increase in year-to-date net earnings to $227.9 million.

"Our solid year-to-date performance reflects the successful implementation of on-going, long-term strategies that embrace the great growth industries of agribusiness and food production," shared Chris Policinski, President and CEO of Land O'Lakes, Inc, in a company press release. "While third quarter results were influenced by market volatility, we continue to achieve significant enterprise growth by helping farmers produce more food in an increasingly sustainable manner to meet the nutritional needs of the world's expanding population."

Some other highlights of the report include:

• A 6% increase in year-to-date net sales to $11.4 billion.
• 2014 Q3 net sales of $3.1 billion, compared to $2.9 billion in 2013.
• 2014 Q3 net earnings of $5.8 million, compared to $49.4 million in 2013, primarily attributable to cyclical market devaluations.
• Increases in year-to-date earnings for all three of the company's business segments, Dairy Foods, Crop Inputs and Animal Nutrition, compared to last year's numbers.
• A decrease in total company debt to $1.83 billion as of September 30th, 2014, down $45 million from one year ago. 

Congratulations on the successes of this past fiscal year, Land O'Lakes!

Land O'Lakes