US co-op Land O’Lakes has booked a “strong” set of third-quarter numbers, with sales and earnings boosted by the implementation of the company’s growth strategy.

Land O’Lakes said net earnings increased to US$18m in the period, up from a loss of $30m last year. Net sales rose to $3bn, up from $2.7bn in the comparable period of 2011.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

CEO Chris Policinski attributed the “strong” quarter to the company’s strategic initiaties, including a greater focus on developing value-added products in its dairy business and a drive to improve margins.

Policinski said the company is well-positioned for a solid year-end performance in 2012 as it moves through the fourth quarter when results are historically strong from the holiday season.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now