Tuesday, 8 May 2018

Dean Foods Announces First Quarter 2018 Results

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Tuesday, 8 May 2018

DALLAS, May 8, 2018 /PRNewswire/ — Dean Foods Company (NYSE: DF) today reported first quarter 2018 results. 

Highlights

  • Q1 loss per diluted share was $0.00 and adjusted earnings per diluted share was $0.14; on track to deliver full-year expectations
  • Volume performance and mix in-line with expectations
  • Strong execution of SG&A cost reductions as part of the Company’s enterprise-wide cost productivity plan
  • Reaffirms full-year 2018 adjusted earnings expectation of $0.55 to $0.80 per diluted share(1)

Chief Executive Officer Ralph Scozzafava said, “Our execution in the first quarter was solid and I’m pleased with our overall progress. Our volume and mix were in-line with our expectations and the traction that we’re getting across our enterprise-wide cost productivity plan is ramping up. We took important initial steps to lower our cost base. The initiatives we executed late last year and in the first quarter of 2018 are clearly working as evidenced by the benefits reading through in our results. We will continue to build upon this momentum to deliver on our target of $150 million in incremental run-rate savings by 2020.”

First Quarter 2018 Operating Results

Financial Summary *

Three Months Ended March 31

(In millions, except per share amounts)

2018

2017

Gross Profit

GAAP

$

449

$

462

Adjusted

$

448

$

465

Operating Income(2)

GAAP

$

15

$

4

Adjusted

$

32

$

36

Interest Expense

GAAP

$

14

$

17

Adjusted

$

14

$

16

Net Income (Loss)

GAAP

$

$

(10)

Adjusted

$

13

$

12

Diluted Earnings (Loss) Per Share (EPS)

GAAP

$

$

(0.11)

Adjusted

$

0.14

$

0.13

* Adjustments to GAAP due to the exclusion of expenses, gains or losses associated with certain transactions and other non-recurring items are described and reconciled to the comparable GAAP amounts in the attached tables.

(1)

Please refer to “Forward Outlook” and “Non-GAAP Financial Measures” for additional information. We provide guidance on a non-GAAP basis and are unable to provide a full reconciliation to GAAP without unreasonable efforts as we cannot predict the amount or timing of certain elements which are included in reported GAAP results, including mark-to-market adjustments of hedging activities, asset impairment charges, and other non-recurring events or transactions that may significantly affect reported GAAP results.

(2)

Results for the three months ended March 31, 2017 have been revised to reflect the retrospective adoption of Accounting Standards Update No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Cost (“ASU 2017-07”).  The adoption of ASU 2017-07 resulted in a net increase to previously reported operating income of $1.1 million for the three months ended March 31, 2017 and a corresponding increase of $1.1 million to other expense for the three months ended March 31, 2017, with no net impact to net income (loss) or earnings (loss) per share.

Raw milk costs in the first quarter of 2018 of $14.35 per hundred-weight decreased roughly 13% from the fourth quarter of 2017 and decreased 16% from the first quarter of 2017.

Cash Flow

Net cash provided by continuing operations for the three months ended March 31, 2018, totaled $39 million. Free cash flow provided by continuing operations, which is defined as net cash provided by continuing operations less capital expenditures, was $22 million for the three months ended March 31, 2018, a $3 million increase as compared to the prior year period. Capital expenditures totaled $17 million for the three months ended March 31, 2018.

Debt

Total outstanding debt at March 31, 2018, net of $28 million cash on hand, was approximately $884 million. The Company’s net debt to bank EBITDA total leverage ratio, on an all-cash netted basis, was flat on a sequential basis at 2.68 times at the end of the first quarter 2018.

Forward Outlook

“As we move forward in 2018, we are focused on executing our commercial agenda and cost productivity initiatives that will drive our strategic plan. We have been successful in driving early results in the administrative area against our enterprise-wide productivity plan with more work to be done. We will now begin the next phase by right-sizing our network to better match volume. We will incur transitory costs as the execution of our plans will lag the exit of specific customer volume and have firm plans in place to remove the fixed costs from our system within this year. We are also implementing plans to mitigate expected headwinds in non-dairy input costs while executing our strategic initiatives. I’m confident in our ability to execute these actions, and we are therefore reaffirming our full-year adjusted diluted earnings per share range of $0.55 to $0.80. Our full-year free cash flow and capital expenditure guidance remains unchanged,” concluded Scozzafava.

We provide guidance on a non-GAAP basis and are unable to provide a full reconciliation to GAAP without unreasonable efforts as we cannot predict the amount or timing of certain elements which are included in reported GAAP results, including mark-to-market adjustments of hedging activities, asset impairment charges, and other non-recurring events or transactions that may significantly affect reported GAAP results.

Non-GAAP Financial Measures

In addition to the results prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), we have presented certain non-GAAP financial measures, including adjusted gross profit, adjusted selling and distribution expenses, adjusted general and administrative expenses, adjusted total operating costs and expenses, adjusted operating income, adjusted interest expense, adjusted income (loss) from continuing operations, adjusted net income (loss), adjusted earnings (loss) from continuing operations per diluted share, adjusted earnings (loss) per diluted share, adjusted EBITDA, Free Cash Flow and total leverage ratio, each as described below.

This non-GAAP financial information is provided as supplemental information for investors and is not in accordance with, or an alternative to, GAAP. Additionally, these non-GAAP measures may be different than similar measures used by other companies.

We believe that the presentation of these non-GAAP financial measures, when considered together with our GAAP financial measures and the reconciliations to the corresponding GAAP financial measures, provides investors with a more complete understanding of the factors and trends affecting our business than could be obtained absent these disclosures. Our management uses these non-GAAP financial measures when evaluating our performance, when making decisions regarding the allocation of resources, in determining incentive compensation for management, and in determining earnings estimates.

A full reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures for the three months ended March 31, 2018, and 2017, is set forth in the tables herein.

Adjusted Operating Results

We have supplemented the presentation of our reported GAAP gross profit, selling and distribution expenses, general and administrative expenses, total operating costs and expenses, operating income, interest expense, net income (loss) and earnings (loss) per diluted share, with non-GAAP measures that adjust the GAAP measures to exclude the impact of the following (as applicable):

  • asset impairment charges;
  • incremental non-cash trademark amortization triggered by the launch of a national fresh white milk brand;
  • closed deal costs;
  • facility closing, reorganization and realignment costs;
  • debt issuance costs;
  • costs associated with the early retirement of long-term debt;
  • gains (losses) on the mark-to-market of our derivative contracts;
  • costs associated with our enterprise-wide cost productivity plan;
  • separation costs;
  • gains or losses related to discontinued operations and divestitures;
  • litigation settlements (including any related interest accretion);
  • income tax impacts of the foregoing adjustments; and
  • adjustments to normalize our income tax expense at a rate of 26.5%.

We believe these non-GAAP measures provide useful information to investors by excluding expenses, gains or losses that are not indicative of the company’s ongoing operating performance. In addition, we cannot predict the timing and amount of gains or losses associated with certain of these items. We believe these non-GAAP measures provide more accurate comparisons of our ongoing business operations and are better indicators of trends in our underlying business. In addition, these adjustments are consistent with how management views our business. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating the Company’s ongoing performance. Further, adjusted gross profit and adjusted operating income are used by management to evaluate key performance indicators of brand mix and low cost, respectively.

Adjusted EBITDA

Adjusted EBITDA is defined as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to exclude the impact of the adjustments discussed under “Adjusted Operating Results” above (other than the adjustments for incremental trademark amortization and interest expense and the normalized income tax rate, as Adjusted EBITDA excludes the full amount of these expenses). This information is provided to assist investors in making meaningful comparisons of our operating performance between periods and to view our business from the same perspective as our management. We believe Adjusted EBITDA is a useful measure for analyzing the performance of our business and is a widely-accepted indicator of our ability to incur and service indebtedness and generate free cash flow. We also believe that EBITDA measures are commonly reported and widely used by investors and other interested parties as measures of a company’s operating performance and debt servicing ability because such measures assist in comparing performance on a consistent basis without regard to capital structure, depreciation or amortization (which can vary significantly) and non-operating factors (such as historical cost).

Total Leverage Ratio

Our total leverage ratio is calculated as net debt divided by Bank EBITDA for the trailing four quarters. Net debt is calculated as consolidated funded indebtedness in accordance with our credit agreement, except on an all cash netted basis. Bank EBITDA is calculated as Adjusted EBITDA, as further adjusted to exclude certain non-cash and non-recurring or extraordinary expenses as permitted in calculating covenant compliance under our credit agreement. Management believes analysts and investors commonly use our total leverage ratio as an indicator of our ability to service existing debt and our liquidity.

Free Cash Flow

We define Free Cash Flow as net cash provided by operating activities from continuing operations less cash payments for capital expenditures. We believe Free Cash Flow is a meaningful non-GAAP measure that offers supplemental information and insight regarding the liquidity of our operations and our ability to generate sufficient cash flow to, among other things, repay debt, invest in our business and repurchase shares of our common stock. A limitation of Free Cash Flow is that it does not represent the total increase or decrease in the cash balance for the period.

Conference Call/Webcast

A webcast to discuss the Company’s financial results and outlook will be held at 9:00 a.m. ET today and may be heard live by clicking the earnings button on the Company’s website at http://www.deanfoods.com. A slide presentation will accompany the webcast.

About Dean Foods

Dean Foods is a leading food and beverage company and the largest processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States. Headquartered in Dallas, Texas, the Dean Foods portfolio includes DairyPure®, the country’s first and largest fresh, white milk national brand, and TruMoo®, the leading national flavored milk brand, along with well-known regional dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean’s®, Friendly’s®, Garelick Farms®, LAND O LAKES®* milk and cultured products, Lehigh Valley Dairy Farms®, Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®, Tuscan® and more. In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels. Dean Foods also makes and distributes ice cream, cultured products, juices, teas, and bottled water. Approximately 16,000 employees across the country work every day to make Dean Foods the most admired and trusted provider of wholesome, great-tasting dairy products at every occasion. For more information about Dean Foods and its brands, visit www.deanfoods.com.

*The LAND O LAKES brand is owned by Land O’Lakes, Inc. and is used by license.

**PET is a trademark of Eagle Family Foods Group LLC, under license.

Some of the statements made in this press release are “forward-looking” and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements relating to: (1) our financial forecast, including projected sales (including specific product lines and the Company as a whole), total volume, price realization, profit margins, net income, earnings per share, free cash flow, our leverage ratio, and debt covenant compliance, (2) the Company’s regional and national branding and marketing initiatives, (3) the Company’s innovation, research and development plans and its ability to successfully launch new products or brands, (4) commodity prices and other inputs and the Company’s ability to forecast or predict commodity prices, milk production and milk exports, (5) the Company’s enterprise-wide cost productivity plan and other cost saving initiatives, including plant closures and route reductions, and its ability to achieve expected savings, (6) planned capital expenditures, (7) the status of the Company’s litigation matters,  (8) the Company’s plans related to its capital structure, (9) the Company’s dividend policy, (10) possible repurchases of shares of the Company’s common stock, and (11) potential acquisitions. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in this press release, including the risks disclosed by the Company in its filings with the Securities and Exchange Commission. Financial projections are based on a number of assumptions.  Actual results could be materially different than projected if those assumptions are erroneous.  The cost and supply of commodities and other raw materials are determined by market forces over which the Company has limited or no control. Sales, operating income, net income, debt covenant compliance, financial performance and earnings per share can vary based on a variety of economic, governmental and competitive factors, which are identified in the Company’s filings with the Securities and Exchange Commission, including its most recent Forms 10-K and 10-Q. The Company’s ability to profit from its branding and marketing initiatives depends on a number of factors including consumer acceptance of its products.  The declaration and payment of cash dividends under the Company’s dividend policy remains at the sole discretion of the Board of Directors and will depend upon its financial results, cash requirements, future prospects, restrictions in its credit agreement and debt covenant compliance, applicable law and other factors that may be deemed relevant by the Board. All forward-looking statements in this press release speak only as of the date of this press release.  The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions or circumstances on which any such statement is based except as required by law.

CONTACT: Corporate Communications, Reace Smith, +1-214-721-7766; or Investor Relations, Sherri Baker, +1-214-303-3438

 

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)

Three Months Ended March 31

2018(1)

2017(1)(2)

Net sales

$

1,980,507

$

1,995,686

Cost of sales

1,532,004

1,533,467

Gross profit

448,503

462,219

Operating costs and expenses:

Selling and distribution

345,996

345,063

General and administrative

75,522

98,664

Amortization of intangibles

5,078

5,155

Facility closing and reorganization costs, net

8,462

9,286

Equity in (earnings) loss of unconsolidated affiliate

(1,900)

Total operating costs and expenses

433,158

458,168

Operating income

15,345

4,051

Other expense:

Interest expense

14,033

17,464

Other expense, net

470

143

Total other expense

14,503

17,607

Income (loss) before income taxes

842

(13,556)

Income tax expense (benefit)

1,107

(3,797)

Net loss

$

(265)

$

(9,759)

Average common shares:

Basic

91,192

90,710

Diluted

91,192

90,710

Basic income (loss) per common share:

Net loss

$

$

(0.11)

Diluted income (loss) per common share:

Net loss

$

$

(0.11)

(1)

Results for the three months ended March 31, 2018 reflect the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ASC 606”). Historically, we presented sales of excess raw materials as a reduction of cost of sales within our unaudited Condensed Consolidated Statements of Operations. On a prospective basis, effective January 1, 2018, in connection with the adoption of ASC 606, we began reporting sales of excess raw materials within the net sales line of our unaudited Condensed Consolidated Statements of Operations. Sales of excess raw materials included in net sales were $151.8 million in the three months ended March 31, 2018. Sales of excess raw materials included as a reduction to cost of sales were $171.0 million in the three months ended March 31, 2017. This change in presentation has no net impact on gross profit.

(2)

Results for the three months ended March 31, 2017 have been revised to reflect the retrospective adoption of ASU 2017-07. The adoption of ASU 2017-07 resulted in a net increase to previously reported operating income of $1.1 million for the three months ended March 31, 2017 and a corresponding increase of $1.1 million to other expense, net for the three months ended March 31, 2017, with no net impact to net loss or loss per share.

 

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands)

March 31, 2018

December 31, 2017

ASSETS

Cash and cash equivalents

$

28,125

$

16,512

Other current assets

973,998

1,003,367

 Total current assets

1,002,123

1,019,879

Property, plant and equipment, net

1,056,036

1,094,064

Intangibles and other assets, net

386,555

389,886

Total

$

2,444,714

$

2,503,829

LIABILITIES AND STOCKHOLDERS’ EQUITY

Total current liabilities, excluding debt

$

625,173

$

671,070

Total long-term debt, including current portion

907,200

913,199

Other long-term liabilities

261,981

263,613

Total stockholders’ equity

650,360

655,947

Total

$

2,444,714

$

2,503,829

 

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

Three Months Ended March 31

2018

2017

Operating Activities

Net cash provided by operating activities

$

38,953

$

27,556

Investing Activities

Payments for property, plant and equipment

(16,508)

(8,372)

Proceeds from sale of fixed assets

4,179

1,001

Net cash used in investing activities

(12,329)

(7,371)

 Financing Activities

Net proceeds from (repayment of) debt

(6,274)

4,700

Payments of financing costs

(1,709)

Cash dividends paid

(8,218)

(8,178)

Issuance of common stock, net of share repurchases for withholding taxes

(519)

(1,396)

 Net cash used in financing activities

(15,011)

(6,583)

Change in cash and cash equivalents

11,613

13,602

Cash and cash equivalents, beginning of period

16,512

17,980

Cash and cash equivalents, end of period

$

28,125

$

31,582

 

DEAN FOODS COMPANY

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES*

(Unaudited)

(In thousands, except per share data)

Three Months Ended March 31, 2018

Asset write-
downs
and (gain)
loss on
 sale of assets

Facility closing
and
reorganization
costs, net

Mark-to-
market
on derivative
contracts

Cost
productivity
plan

Other
adjustments

Income
 tax

GAAP

(a)

(b)

(c)

(d)

(e)

(f)

Adjusted*

Gross profit

$

448,503

$

$

$

(445)

$

$

$

$

448,058

Selling and distribution

345,996

(402)

345,594

General and administrative

75,522

(4,133)

(188)

71,201

Amortization of intangibles

5,078

(3,935)

1,143

Equity in (earnings) loss of unconsolidated affiliate

(1,900)

(1,900)

General and administrative and other

78,700

(3,935)

(4,133)

(188)

70,444

Total operating costs and expenses

433,158

(3,935)

(8,462)

(402)

(4,133)

(188)

416,038

Operating income

15,345

3,935

8,462

(43)

4,133

188

32,020

Net income (loss)

(265)

3,935

8,462

(43)

4,133

188

(3,535)

12,875

Diluted earnings (loss) per share (g)

$

$

0.04

$

0.09

$

$

0.05

$

$

(0.04)

$

0.14

Three Months Ended March 31, 2017

Asset write-
downs
and (gain)
loss on
sale of assets

Facility closing
and
reorganization
costs, net

Mark-to-
market
on derivative
contracts

Other
adjustments

Income
 tax

GAAP

(a)

(b)

(c)

(e)

(f)

Adjusted*

Gross profit(1)

$

462,219

$

$

$

3,209

$

$

$

465,428

Selling and distribution(1)

345,063

(1,142)

343,921

General and administrative(1)

98,664

(14,250)

84,414

Amortization of intangibles

5,155

(3,935)

1,220

General and administrative and other(1)

103,819

(3,935)

(14,250)

85,634

Total operating costs and expenses(1)

458,168

(3,935)

(9,286)

(1,142)

(14,250)

429,555

Operating income(1)

4,051

3,935

9,286

4,351

14,250

35,873

Interest expense

17,464

(1,080)

16,384

Net income (loss)

(9,759)

3,935

9,286

4,351

15,330

(11,149)

11,994

Diluted earnings (loss) per share (g)

$

(0.11)

$

0.04

$

0.10

$

0.05

$

0.17

$

(0.12)

$

0.13

(1)

Results for the quarter ended March 31, 2017 have been revised to reflect the retrospective adoption of ASU 2017-07. The adoption of ASU 2017-07 resulted in a net increase to previously reported operating income of $1.1 million for the three months ended March 31, 2017 and a corresponding increase of $1.1 million to other expense, net for the three months ended March 31, 2017, with no net impact to net loss or loss per share.

* See Notes to Earnings Release Tables

 

DEAN FOODS COMPANY

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES*

(Unaudited)

(In thousands, except ratio data)

Three Months Ended March 31

Trailing Twelve
Months Ended
 March 31,

2018

2017

2018

Reconciliation of Net Income (Loss) to Adjusted EBITDA and Bank EBITDA

Net income (loss)

$

(265)

$

(9,759)

$

71,082

 Interest expense

14,033

17,464

61,530

 Income tax expense (benefit)

1,107

(3,797)

(21,275)

 Depreciation and amortization

39,441

41,881

163,372

 Asset write-downs and loss on sale of assets

27,818

 Closed deal costs

372

 Facility closing and reorganization costs, net (b)

8,462

9,286

24,089

 Mark-to-market on derivative contracts (c)

(43)

4,351

(1,578)

 Discontinued operations

(14,166)

 Cost productivity plan (d)

4,133

9,871

 Other adjustments (e)

188

14,250

3,398

 Adjusted EBITDA

$

67,056

$

73,676

324,513

 Non-cash share-based compensation expense

5,050

 Bank EBITDA

$

329,563

March 31, 2018

Reconciliation of net debt and total leverage ratio

Total long-term debt, including current portion

$

907,200

 Unamortized debt issuance costs

5,397

 Cash and cash equivalents

(28,125)

Net debt

$

884,472

Bank EBITDA

329,563

 Total leverage ratio

2.68

Three Months Ended March 31

2018

2017

Reconciliation of Free Cash Flow provided by continuing operations

Net cash provided by operating activities

$

38,953

$

27,556

Payments for property, plant and equipment

(16,508)

(8,372)

  Free Cash Flow provided by continuing operations

$

22,445

$

19,184

* See Notes to Earnings Release Tables

Notes to Earnings Release Tables

For the three months ended March 31, 2018, and 2017, the adjusted results and certain other non-GAAP financial measures differ from the Company’s results under GAAP due to the exclusion of expenses, gains or losses associated with certain transactions and other non-recurring items that we believe are not indicative of our ongoing operating results. For additional information on our non-GAAP financial measures, see the section entitled “Non-GAAP Financial Measures” in this release.

    1. In conjunction with our decision to launch DairyPure® in the first quarter of 2015, we reclassified certain of our indefinite-lived trademarks to finite-lived, resulting in a triggering event for impairment testing purposes. The related adjustment reflects the elimination of amortization expense recorded on these finite-lived trademarks of $3.9 million for each of the three months ended March 31, 2018, and 2017.
    2. The adjustment reflects the elimination of severance charges and non-cash asset impairments, net of (gains) losses on related asset sales, for approved facility closings and restructuring plans.
    3. The adjustment reflects the elimination of the (gain) loss on the mark-to-market of our commodity derivative contracts. All of our commodity derivative contracts are marked to market in our statement of operations during each reporting period with a corresponding derivative asset or liability on our balance sheet.
    4. The adjustment reflects the elimination of certain direct expenses incurred as a result of our enterprise-wide cost productivity plan. The charges were $4.1 million for the three months ended March 31, 2018.
    5. The adjustment reflects the elimination of the following:
      1. A charge related to litigation settlements reached in the three months ended March 31, 2017;
      2. The write off of unamortized deferred financing costs of $1.1 million in connection with the January 4, 2017 amendments to our senior secured revolving credit facility and receivables securitization facility in the three months ended March 31, 2017; and
      3. Separation charges related to the previously disclosed departures of certain executive officers.
    6. The adjustment reflects the income tax impact of adjustments (a) through (e) and an adjustment to our income tax expense to reflect income tax at a tax rate of 26.5% and 38% for the three months ended March 31, 2018, and 2017, respectively, which we believe represents our normalized effective tax rate as a U.S. domiciled business. The reduction in our normalized effective tax rate beginning in 2018 is associated with the December 22, 2017, enactment of the Tax Cuts and Jobs Act.
    7. Includes an adjustment to diluted shares outstanding to reflect an add-back of approximately 174,000 dilutive shares and 566,000 dilutive shares for the three months ended March 31, 2018, and 2017, respectively, which were anti-dilutive for GAAP purposes.

 

Cision View original content:http://www.prnewswire.com/news-releases/dean-foods-announces-first-quarter-2018-results-300644004.html

SOURCE Dean Foods Company

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10 January, 2018
Dean Foods Names Jody Macedonio Chief Financial Officer
DALLAS , Jan. 10, 2018 /PRNewswire/ --  Dean Foods Company (NYSE: DF) today announced that food and...
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8 November, 2017
Dean Foods Declares Quarterly Dividend
DALLAS , Nov. 8, 2017 /PRNewswire/ -- Dean Foods Company (NYSE:DF) announced today that its Board of...
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7 November, 2017
Dean Foods Announces Third Quarter 2017 Results
Accelerating Enterprise-Wide Cost Productivity DALLAS , Nov. 7, 2017 /PRNewswire/ -- Dean Foods Company...
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12 October, 2017
Dean Foods Company Announces Upcoming Webcast of Third Quarter 2017 Earnings Conference Call
DALLAS , Oct. 12, 2017 /PRNewswire/ --  Dean Foods Company (NYSE: DF) will host a live webcast of its...
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22 August, 2017
Dean Foods Company Announces CFO Departure, Appoints Interim CFO
DALLAS , Aug. 22, 2017 /PRNewswire/ -- Dean Foods Company (NYSE:DF) today announced that Chris Bellairs...
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