Aug. 7, 2015
Land O'Lakes, Inc. recently announced Q2 financial results, reporting year-to-date net sales of $7.1 billion and net earnings of $180 million for the period ending June 30, 2015.
Q2 net earnings were $80.9 million on sales of $3.4 billion. These results fall below the same six-month period in 2014.
"Our overall result through the Q2 continues to be negatively impacted by declining commodity markets with results below last year's record first half," stated Chris Policinski, Land O'Lakes, Inc. President and CEO.
The crop inputs segment, which includes WinField Solutions, is performing below 2014's record levels, driven by lower volumes and margins as a result of lower commodity prices and increased competitive activity.