Land O'Lakes Inc. announced its second quarter financial results, which included churning out $180 million of net profit from $7.1 billion of net sales. For the second quarter alone, Land O'Lakes made slightly less than the first, raking in $80.9 million in profit from $3.4 billion in overall sales.
"Our overall result through the second quarter continues to be negatively impacted by declining commodity markets with results below last year's record first half," Chris Policinski, President and CEO of the dairy, animal, and crop inputs giant, stated in the release.
He added, "Our core businesses continue to perform well and compete strongly in growing markets with many segments seeing increased volume and market share. We continue to invest in our core businesses to add value for our owners and customers and to drive future growth. Our Purina Animal Nutrition group has performed particularly well, posting record earnings through the second quarter on the focused business improvement efforts and the strength of innovative product offerings."
Overall, Land O'Lakes continues to perform well within it's core segments, yet have fallen short compared to this same period last year, detailing the following:
On #EmployeeCelebrationDay we say thank you to all employees and celebrate our accomplishments so far this year. pic.twitter.com/QQC17bRqM0
— Land O'Lakes, Inc. (@LandOLakesInc) August 5, 2015
