ARDEN HILLS, Minn., Aug. 4, 2014 /PRNewswire/ -- Land O'Lakes, Inc. today announced second quarter and first-half 2014 results, reflecting record sales and earnings and improved financial performance across all businesses.
For the three months ending June 30, Land O'Lakes, Inc. reported net earnings of $96.4 million, a 27 percent year-over-year increase, on sales of $4.04 billion, a 6.6 percent increase compared to the same period last year. For the first half of 2014, Land O'Lakes, Inc. realized net earnings of $221.1 million, a 50 percent increase over the first six months of 2013, on sales of $8.33 billion which were 6.4 percent higher than 2013.
"We are pleased with our overall performance for the first half of 2014, which has been driven by improving commodity markets and the success of strategic investments we have made in our core businesses over the recent past," said Chris Policinski, president and CEO of Land O'Lakes, Inc. "Our performance continues to improve as we sharpen our focus on addressing consumer interest for more convenient and more nutritious products in our food businesses and on helping farmers produce more food in an increasingly sustainable manner in our agricultural businesses." Full report.