Double-digit sales growth helped propel Mead Johnson Nutrition to higher earnings in the third quarter, with most of that growth coming from the company’s overseas markets.
Mead Johnson makes baby formula and nutrition products for toddlers and children. The company’s global operations center is in Evansville and its corporate headquarters is in Glenview, Ill.
The company reported Thursday that its third-quarter net earnings were $106.1 million (52 cents per share). That’s up 8.7 percent from the same period last year, when earnings were $97.6 million (48 cents per share).
“We are very pleased with our earnings performance,” Mead Johnson Chief Executive Officer Steve Golsby said during an Evansville-based conference call with investors.
The company raised its full-year non-GAAP earnings guidance to $2.38 to $2.42 per share.
