Net sales in Land O’Lakes’ Dairy Foods business segment dropped to $4 billion in 2015, down from $5.1 billion the year before. Pretax earnings totaled $83.1 million in 2015, up from $39.7 million in 2014.
Across all its business segments, the Arden Hills, Minn.-based dairy cooperative reported net sales in 2015 of $13 billion, down from $15 billion in 2014 (which was a record year). Land O'Lakes, Inc. said net earnings were $308 million (a record) and an increase from $266 million in 2014.
Results from the other business segments were:
- Crop Inputs reported 2015 net sales of $4.8 billion in 2015, down slightly from 2014.
- Feed reported 2015 net sales of $4.2 billion, down from 2014.
In 2015, Land O'Lakes merged United Suppliers Inc. crop protection and seed business with Winfield Solutions, LLC. Land O'Lakes also purchased a majority ownership stake in Villa Crop Protection, a leading crop protection products company based in South Africa, the company's first commercial investment in Africa.
See the complete Land O'Lakes 2015 financial results at www.landolakesinc.com.