DALLAS, Aug. 10, 2015 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today reported second quarter 2015 results.
Highlights
- Q2 net income per diluted share was $0.28 and adjusted net income per diluted share was $0.33.
- Q2 adjusted results reflect the highest gross profit and per gallon operating income since 2012.
- Financial results improved for the fourth consecutive quarter as price realization offset volume deleverage.
- Stepped up advertising and marketing supports Q2 launch of DairyPure®, the first and largest fresh, white milk national brand.
- Q3 adjusted diluted earnings are expected to be $0.17 to $0.27 per share.
Chief Executive Officer Gregg Tanner said, "I'm very pleased with the operational and financial performance of the business this quarter and really excited about our prospects going forward. Across our supply chain, we continued to execute our cost productivity agenda and utilize our scale to procure ingredients and packaging at industry leading levels, optimize our production network and reduce our logistics costs. From a commercial perspective, with the category showing signs of improvement, we continued to focus on striking the right balance between volume performance and price realization. And we successfully launched DairyPure, the country's first and largest fresh, white milk national brand that we believe, over the long term, will provide incremental benefits to consumers, our category, our customers and our company." Full report here.
