Saputo is reporting a drop in adjusted net earnings in the second quarter of almost 4 per cent.
The Montreal-based dairy says it's overall revenues for the quarter were up 3 point 4 per cent.
The company's results were impacted by a number of factors, including lower cheese and butter prices in the U-S, a lower dairy ingredient market in Canada and lower selling prices internationally.
Saputo reports it also paid about 80 million dollars in the second quarter to buy Woolwich Dairy - a company with three cheese plants - including one in Orangeville as well as plants in Quebec and the U-S.
