Land O'Lakes, Inc. delivers strong 2021 mid-year earnings
Source Land O’Lakes Inc.
Land O’Lakes Inc. reported year-to-date net sales totaling $8 billion with net earnings of $236 million, a year-over-year increase of 9% in net sales and 99% in net earnings.
During the same period of last year, the company reported net sales of $7.3 billion and net earnings of $118 million.
For second quarter, ended June 30, the company reported net sales of $4 billion and net earnings of $100 million, a 14% year-over-year net sales increase and 22% increase in net earnings.
Net sales growth reflects strength in crop Inputs and animal nutrition and higher pricing across the portfolio to offset rising input and supply chain costs. Net sales accelerated in the second quarter as farmers invested in their crops and animals.
The company continued to leverage its differentiated brands and reported stronger performance across all business units on a year-to-date basis.
More information about the company’s 2021 performance can be found at landolakesinc.com/investors.
