Wednesday, 2 November 2005

Dean Foods Company Reports Third Quarter Results

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Wednesday, 2 November 2005


Company Reports Third Quarter Adjusted Diluted Earnings From Continuing
Operations of $0.50 Per Share

Board of Directors Approves Additional $300 Million Share Repurchase
Authorization

DALLAS, Nov. 2 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
today announced that the Company earned $0.43 per diluted share from
continuing operations for the quarter ended September 30, 2005, as compared to
$0.24 per diluted share from continuing operations in the third quarter of
2004. Net income from continuing operations for the third quarter of 2005
totaled $66.4 million, compared with $37.8 million in the prior year third
quarter.

On an adjusted basis (as defined below), diluted earnings from continuing
operations increased 22% to $0.50 per share, compared to $0.41 in last year’s
third quarter. Adjusted net income from continuing operations for the third
quarter was $77.7 million compared to $65.9 million in the third quarter of
2004.

“Our businesses performed well despite a very challenging environment
which included two hurricanes and rapidly rising fuel and resin costs,” said
Gregg Engles, chairman and chief executive officer. “Consistent with recent
trends, our Dairy Group again posted strong volume increases and our WhiteWave
division posted strong growth in both net sales and profitability.”

Net sales for the third quarter totaled $2.6 billion, an increase of 2.4%
over the third quarter of 2004. The increase in net sales was primarily due
to higher fluid dairy volumes and increased sales at WhiteWave Foods, which
were offset by the pass-through of lower raw milk and butterfat costs in the
Dairy Group.

Consolidated operating income from continuing operations in the third
quarter totaled $145.7 million, versus $139.3 million in the third quarter of
2004. Adjusted third quarter operating income from continuing operations
totaled $163.7 million, an 8.5% increase over the $150.9 million reported in
the third quarter of 2004. The Company’s adjusted third quarter 2005
operating margin was 6.2%, up 35 basis points over the third quarter of the
prior year. The increase in adjusted operating income was primarily due to
the positive impact of lower raw milk and butterfat costs and increased
profitability at WhiteWave Foods, which was partially offset by higher
packaging and distribution costs. Included in adjusted operating income for
the third quarter of 2005 is a $3.9 million charge ($0.02 net of tax), which
represents the second half of the total expense related to the accelerated
vesting of stock units issued to key employees in January 2003.

Long-term debt as of September 30, 2005 was approximately $3.1 billion,
including $67 million due within one year that is reported as part of current
liabilities. At the end of the quarter, approximately $940 million of the
Company’s senior credit facility was available for future borrowings.

SEGMENT RESULTS

Dairy Group net sales for the third quarter were $2.3 billion, 1.5% higher
than the third quarter of 2004. The sales increase was primarily due to a
3.4% increase in fluid milk volumes that was partially offset by the pass-
through of lower raw milk and butterfat costs. The Class I mover, which is an
indicator of the Company’s raw milk costs, averaged $14.01 per hundredweight
in the third quarter of 2005, 10% lower than the same period in 2004.

Dairy Group operating income in the third quarter was $156.2 million, an
increase of 4.8% over last year. Operating margins increased 22 basis points
to 6.9% of sales due primarily to the positive impact of higher raw milk
volumes and lower raw milk and butterfat costs, partially offset by higher
distribution and packaging costs and the effects of hurricanes Katrina and
Rita.

WhiteWave Foods reported third quarter net sales of $284.9 million, a 9.6%
increase compared to the third quarter of 2004. The increase was driven by
sales growth in most of the Company’s core brands.

Operating income for WhiteWave Foods in the third quarter was
$35.9 million, an increase of 41.9% over the $25.3 million reported in the
third quarter of 2004. Operating margin for the third quarter of 2005 was
12.6%, an increase of 287 basis points over the prior year third quarter. The
improvement in operating income was the result of strong sales growth and
increased manufacturing and operating efficiency offset by higher distribution
costs due to increased fuel prices.

RECENT DEVELOPMENTS

  • From the beginning of the third quarter through today, the Company
    made open market purchases of its common stock totaling 11.3 million
    shares for a total cost of $415 million. Today, the Board of
    Directors increased the Company’s repurchase authorization by an
    additional $300 million. Including this new authorization the Company
    currently has a total of $303 million remaining under its repurchase
    authorizations.

  • On October 11, 2005 Joseph Scalzo assumed the post of President and
    CEO of WhiteWave Foods. Mr. Scalzo comes to WhiteWave from Gillette,
    where he served as Group President, Personal Care and Global Value
    Chain.

  • The Company recently announced that Pete Schenkel will assume the role
    of vice-chairman of Dean Foods, and that Alan Bernon will succeed him
    as President of Dean Foods Dairy Group, effective January 1, 2006.

  • The Company also recently announced the planned retirement of Barry
    Fromberg, Executive Vice President and Chief Financial Officer
    effective March 31, 2006.

  • As part of management’s strategy to further focus the Company on its
    core dairy and branded businesses, Dean Foods completed the sale of
    its Marie’s(R) dips and dressings and Dean’s(R) dips businesses in the
    third quarter. As a result of this sale, the Company recorded a net
    gain on sale of $37.8 million in the third quarter. Those businesses
    have been reclassified as discontinued operations.

OUTLOOK FOR THE FOURTH QUARTER OF 2005 AND FULL YEAR 2006

“While our businesses continue to demonstrate very strong performance,
there are several obvious headwinds affecting our near-term business outlook,
including high fuel, energy and packaging costs. We expect between $35 and
$40 million higher overall costs related to these items in the fourth quarter
of this year than we had last year. We are working hard to mitigate the
impact of these increased costs through price increases, but expect near-term
operating performance to be negatively impacted by these issues. We are
therefore adjusting our expectations for the remainder of 2005,” said Engles.
“We expect fourth quarter earnings of approximately $0.52 to $0.55 per share,
resulting in full year 2005 adjusted earnings of approximately $1.93 to $1.96
per share, a 14% to 16% increase over 2004 adjusted earnings from continuing
operations of $1.69 per share. Looking forward to 2006, we believe we will be
able to largely mitigate the impact of the higher fuel, energy and resin costs
early in the year through price increases on our products. Assuming a
relatively stable dairy commodity environment, we expect full year sales of
$10.5 billion. We expect earnings per share to be in the range of $2.20 to
$2.25 per diluted share before the effects of stock option expensing.”

In accordance with FAS 123(R), the Company will begin expensing stock
options in 2006 and estimates the impact of stock option expensing will be
approximately $0.09 to $0.10 per share in 2006, roughly the same as in 2005,
had FAS 123(R) been in place.

The Company’s earnings guidance excludes the impact of discontinued
operations, facility closing and reorganization costs and any non-recurring or
one-time gains or losses.

RESULTS FOR NINE MONTHS ENDED SEPTEMBER 30, 2005

The Company’s net sales from continuing operations increased 4.9% to
$7.8 billion for the nine months ended September 30, 2005, compared with
$7.4 billion during the first nine months of 2004. The increase was due to
sales growth at WhiteWave Foods and volume growth in the Dairy Group, which
was partially offset by the pass-through of lower average raw dairy commodity
costs. Income from continuing operations for the first nine months of the
year totaled $201.8 million, compared with $154.0 million in the first nine
months of 2004. Diluted earnings per share from continuing operations for the
nine months ended September 30, 2005 totaled $1.29, compared with $0.95 in the
first nine months of 2004.

On an adjusted basis (as defined below), net income for the nine months
totaled $220.3 million, an increase of 18% over $186.7 million in the same
period of 2004. Adjusted diluted earnings per share for the first nine months
of 2005 totaled $1.41 compared with $1.15 in the first nine months of 2004, an
increase of 23%.

The Company reported operating income from continuing operations for the
nine month period ended September 30, 2005 of $447.1 million versus
$410.0 million in the same period of 2004. Adjusted operating income for the
first nine months of 2005 totaled $477.0 million, an increase of 11.1% versus
$429.2 million in the same period of last year. Adjusted operating income
margins for the nine months were 6.11%, an increase of 35 basis points versus
the prior year’s first nine months.

COMPARISON OF ADJUSTED INFORMATION TO GAAP INFORMATION

The adjusted financial results contained in this press release are from
continuing operations and are adjusted to eliminate the net expense or net
gain related to the items identified below. These numbers are provided in
order to allow investors to make meaningful comparisons of the Company’s
operating performance between periods and to view the Company’s business from
the same perspective as company management. Because the Company cannot
predict the timing and amount of charges associated with non-recurring items
or facility closings and reorganizations, management does not consider these
costs when evaluating the Company’s performance, when making decisions
regarding the allocation of resources, in determining incentive compensation
for management, or in determining earnings estimates. These costs are not
recorded in any of the Company’s operating segments. This non-GAAP financial
information is provided as additional information for investors and is not in
accordance with or an alternative to GAAP. These non-GAAP numbers may be
different than similar measures used by other companies. A full
reconciliation table between earnings per share for the three and nine month
periods ended September 30, 2005 calculated according to GAAP and on an
adjusted basis is attached.

For the quarter ended September 30, 2005, the adjusted results reported
above differ from the Company’s results under GAAP by excluding an
$18.0 million charge ($11.3 million net of tax) primarily related to the
closure of a facility in Union, NJ and the consolidation of WhiteWave Foods
Company.

For the quarter ended September 30, 2004, the adjusted results reported
above differ from the Company’s results under GAAP by excluding

a) $32.6 million of costs ($21.2 million net of tax) related to the
early extinguishment of debt, and

b) $11.6 million ($6.8 million net of tax) in facility closing and
reorganization costs primarily related to Dairy Group facility
closings in Madison, WI and Westwego, LA and consolidation activities
at WhiteWave Foods.

For the nine months ended September 30, 2005, the adjusted results
reported above differ from the Company’s results under GAAP by excluding

a) a $26.8 million charge ($16.7 million net of tax) related to the
closure of a facility in Union, NJ, consolidation activities at
WhiteWave Foods and previously announced reorganizations and facility
closings in the Dairy Group, and

b) a $3.1 million charge ($1.9 million net of tax) related to severance
payments made to the former president of WhiteWave Foods.

For the nine months ended September 30, 2004, the adjusted results
reported above differ from the Company’s results under GAAP by excluding

a) $32.6 million of costs ($21.2 million net of tax) related to the
early extinguishment of debt and

b) a net amount of $19.3 million ($11.5 million net of tax) in facility
closing and reorganization costs primarily related to Dairy Group
facility closings in Madison, WI, Westwego, LA, South Gate, CA, San
Leandro, CA, and Wilkesboro, NC partly offset by a gain on the sale
of a Dairy Group facility closed in Hawaii in 2003 and consolidation
activities at WhiteWave Foods.

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 visiting the “Webcasts”
section of the Company site at http://www.deanfoods.com .

SUPPLEMENTAL INFORMATION

The Company has adjusted its historical financial results for the years
2002 through 2004 and the first three quarters of 2005 to reflect the Marie’s
dips and dressings and Dean’s dips businesses that were sold in the third
quarter of 2005 as discontinued operations. These adjusted financial results
are included in a schedule titled, ‘Revised Historical Results to Reflect
TreeHouse Foods Spin-off and Marie’s dips and dressings and Dean’s dips Sale’
which is available on the investor relations section of the Company’s website
at http://www.deanfoods.com .

ABOUT DEAN FOODS

Dean Foods is one of the leading food and beverage companies in the United
States. Its Dairy Group is the largest processor and distributor of fresh
milk and other dairy products in the country, with products sold under more
than 50 familiar local and regional brands and a wide array of private labels.
The Company’s WhiteWave Foods subsidiary is the nation’s leading organic foods
company. WhiteWave Foods markets and sells a variety of well-known dairy and
dairy-related products, such as Silk(R) soymilk, Horizon Organic(R) dairy
products and juices, International Delight(R) coffee creamers and LAND
O’LAKES(R) creamers and cultured products. Dean Foods Company also owns the
fourth largest dairy processor in Spain and the leading brand of organic dairy
products in the United Kingdom.

FORWARD LOOKING STATEMENTS

Some of the statements in this press release are “forward-looking” and are
made pursuant to the safe harbor provision of the Securities Litigation Reform
Act of 1995. These “forward-looking” statements include statements relating
to, among other things, projected sales, operating income, net income and
earnings per share. These statements involve risks and uncertainties that may
cause results to differ materially from the statements set forth in this press
release. The Company’s ability to meet targeted financial and operating
results, including targeted sales, operating income, net income and earnings
per share depends on a variety of economic, competitive and governmental
factors, including raw material costs, many of which are beyond the Company’s
control and which are described in the Company’s filings with the Securities
and Exchange Commission. The Company’s ability to profit from its branding
initiatives depends on a number of factors including consumer acceptance of
the Company’s products. The forward-looking statements in this press release
speak only as of the date of this release. The Company expressly disclaims
any obligation or undertaking to release publicly any updates or revisions to
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.

                              (Tables to follow)



                              DEAN FOODS COMPANY
                (Dollars in thousands, except per share data)

                                        GAAP                ADJUSTED [A]
                                 Three Months Ended      Three Months Ended
                                   September 30,           September 30,
                                  2005        2004        2005        2004

    Net sales                  $2,646,613  $2,583,578  $2,646,613  $2,583,578
    Cost of sales               1,997,188   1,977,934   1,997,188   1,977,934

      Gross profit                649,425     605,644     649,425     605,644

    Operating costs and
     expenses                     485,723     454,742     485,723     454,742
    Facility closings and
     reorganization costs          17,993      11,590         ---         ---

      Operating income            145,709     139,312     163,702     150,902

    Interest expense               40,163      41,780      40,163      41,780
    Costs related to early
     extinguishment of debt           ---      32,613         ---         ---
    Other (income) expense           (197)        415        (197)        415

      Income from continuing
       operations before
       income taxes               105,743      64,504     123,736     108,707
    Income taxes                   39,335      26,678      46,029      42,825


    Income from continuing
     operations                    66,408      37,826      77,707      65,882
    Gain on sale of
     discontinued operations,
     net of tax                    37,766         ---         ---         ---
    Income from discontinued
     operations, net of tax          (299)      2,366         ---         ---

        Net income               $103,875     $40,192     $77,707     $65,882


    Basic earnings per share:
      Income from continuing
       operations                   $0.45       $0.24       $0.52       $0.42
      Gain on sale of
       discontinued operations       0.25         ---         ---         ---
      Income from discontinued
       operations                     ---        0.02         ---         ---
        Net income                  $0.70       $0.26       $0.52       $0.42

        Basic average common
         shares (000's)           148,098     155,921     148,098     155,921

    Diluted earnings per share:
      Income from continuing
       operations                   $0.43       $0.24       $0.50       $0.41
      Gain on sale of
       discontinued operations       0.24         ---         ---         ---
      Income from discontinued
       operations                     ---        0.01         ---         ---
        Net income                  $0.67       $0.25       $0.50       $0.41

        Diluted average common
         shares (000's)           155,536     162,101     155,536     162,101

    [A]  Adjusted results differ from results reported under GAAP by excluding
         income and expense related to discontinued operations, facility
         closings, reorganizations and the early extinguishment of debt.  More
         information about these items is included in the earnings release
         under the heading "Comparison of Adjusted Information to GAAP
         Information."



                              DEAN FOODS COMPANY
                (Dollars in thousands, except per share data)

                                        GAAP                ADJUSTED [B]
                                 Nine Months Ended       Nine Months Ended
                                   September 30,           September 30,
                                  2005        2004        2005        2004

    Net sales                  $7,810,916  $7,447,075  $7,810,916  $7,447,075
    Cost of sales               5,895,088   5,689,084   5,895,088   5,689,084

      Gross profit              1,915,828   1,757,991   1,915,828   1,757,991

    Operating costs and
     expenses                   1,441,940   1,328,677   1,438,867   1,328,799
    Facility closings and
     reorganization costs          26,821      19,295         ---         ---

      Operating income            447,067     410,019     476,961     429,192

    Interest expense              121,912     125,456     121,912     125,456
    Costs related to early
     extinguishment of debt           ---      32,612         ---         ---
    Other income                     (536)     (1,244)       (536)     (1,244)

      Income from continuing
       operations before
       income taxes               325,691     253,195     355,585     304,980
    Income taxes                  123,918      99,218     135,241     118,307


    Income from continuing
     operations                   201,773     153,977     220,344     186,673
    Gain on sale of
     discontinued operations,
     net of tax                    37,690         ---         ---         ---
    Income from discontinued
     operations, net of tax        17,257      32,528         ---         ---

        Net income               $256,720    $186,505    $220,344    $186,673


    Basic earnings per share:
      Income from continuing
       operations                   $1.35       $0.98       $1.47       $1.19
      Gain on sale of
       discontinued operations       0.25         ---         ---         ---
      Income from discontinued
       operations                    0.12        0.21         ---         ---
        Net income                  $1.72       $1.19       $1.47       $1.19

        Basic average common
         shares (000's)           149,578     156,450     149,578     156,450

    Diluted earnings per share:
      Income from continuing
       operations                   $1.29       $0.95       $1.41       $1.15
      Gain on sale of
       discontinued operations       0.24         ---         ---         ---
      Income from discontinued
       operations                    0.11        0.20         ---         ---
        Net income                  $1.64       $1.15       $1.41       $1.15

        Diluted average common
         shares (000's)           156,137     162,793     156,137     162,793

    [B]  Adjusted results differ from results reported under GAAP by excluding
         income and expense related to discontinued operations, facility
         closings, reorganizations and the early extinguishment of debt.  More
         information about these items is included in the earnings release
         under the heading "Comparison of Adjusted Information to GAAP
         Information."



                              DEAN FOODS COMPANY

                Earnings per Share Summary and Reconciliation

                                        Three Months Ended  Nine Months Ended
                                            September 30,     September 30,
                                            2005     2004     2005     2004
    GAAP diluted earnings per share from
     continuing operations                  $0.43    $0.24    $1.29    $0.95

    Adjustments:
      Facility closings and
       reorganization costs                  0.07     0.04     0.11     0.07
      Costs related to early
       extinguishment of debt                 ---     0.13      ---     0.13
      Other nonrecurring operating costs      ---      ---     0.01      ---

    Adjusted diluted earnings per share     $0.50    $0.41    $1.41    $1.15



                             Segment Information
                            (Dollars in thousands)

                                        GAAP                ADJUSTED [C]
                                 Three Months Ended      Three Months Ended
                                   September 30,           September 30,
                                  2005        2004        2005        2004
    Net sales
      Dairy Group              $2,267,527  $2,234,296  $2,267,527  $2,234,296
      WhiteWave Foods Company     284,860     259,920     284,860     259,920
      Corporate / Other            94,226      89,362      94,226      89,362
        Total                  $2,646,613  $2,583,578  $2,646,613  $2,583,578

    Segment operating income
     (loss)
      Dairy Group                $156,223    $149,069    $156,223    $149,069
      WhiteWave Foods Company      35,910      25,307      35,910      25,307
      Corporate / Other           (28,431)    (23,474)    (28,431)    (23,474)
        Subtotal                  163,702     150,902     163,702     150,902
    Facility closings and
     reorganization costs         (17,993)    (11,590)        ---         ---
        Total operating income   $145,709    $139,312    $163,702    $150,902


                                        GAAP                ADJUSTED [C]
                                 Nine Months Ended       Nine Months Ended
                                   September 30,           September 30,
                                  2005        2004        2005        2004
    Net sales
      Dairy Group              $6,681,897  $6,462,261  $6,681,897  $6,462,261
      WhiteWave Foods Company     827,157     722,962     827,157     722,962
      Corporate / Other           301,862     261,852     301,862     261,852
        Total                  $7,810,916  $7,447,075  $7,810,916  $7,447,075

    Segment operating income
     (loss)
      Dairy Group                $475,804    $442,168    $475,804    $442,168
      WhiteWave Foods Company      73,647      45,407      76,720      45,407
      Corporate / Other           (75,563)    (58,261)    (75,563)    (58,383)
        Subtotal                  473,888     429,314     476,961     429,192
    Facility closings and
     reorganization costs         (26,821)    (19,295)        ---         ---
        Total operating income   $447,067    $410,019    $476,961    $429,192

    [C]  Adjusted results differ from results reported under GAAP by excluding
         income and expense related to discontinued operations, facility
         closings and reorganizations.  More information about these items is
         included in the earnings release under the heading "Comparison of
         Adjusted Information to GAAP Information."



                              DEAN FOODS COMPANY

                           Condensed Balance Sheet
                            (Dollars in Thousands)

                                               September 30,    December 31,
    ASSETS                                         2005              2004

    Cash and cash equivalents                      $32,381           $27,407
    Other current assets                         1,399,439         1,409,675
      Total current assets                       1,431,820         1,437,082

    Property, plant & equipment                  1,846,764         1,813,284

    Intangibles & other assets                   3,755,442         3,773,298

    Assets of discontinued operations                  ---           732,704

        Total Assets                            $7,034,026        $7,756,368


    LIABILITIES AND STOCKHOLDERS' EQUITY

    Total current liabilities                   $1,059,787        $1,050,175

    Long-term debt                               3,025,944         3,110,716

    Other long-term liabilities                    820,847           805,918

    Liabilities of discontinued
     operations                                        ---           125,960

    Stockholders' equity:
      Common stock                                   1,425             1,492
      Additional paid-in capital                 1,023,501         1,308,172
      Retained earnings                          1,123,992         1,359,632
      Other comprehensive income                   (21,470)           (5,697)
         Total stockholders' equity              2,127,448         2,663,599

        Total Liabilities and
         Stockholders' Equity                   $7,034,026        $7,756,368



                              DEAN FOODS COMPANY

                      Condensed Statement of Cash Flows
                            (Dollars in Thousands)

                                              Nine Months Ended September 30,
    Operating Activities                          2005              2004
      Net income                                 $256,720           $186,505
      Income from discontinued operations         (17,257)           (32,528)
      Depreciation and amortization               164,978            153,598
      Deferred income taxes                        48,028            122,897
      Gain on sale of discontinued
       operations                                 (37,690)               ---
      Loss (gain) on disposition of
       assets                                         808               (979)
      Costs related to early
       extinguishment of debt                         ---             32,613
      Tax savings on equity compensation           16,895             17,548
      Write-down of impaired assets                 9,051              6,346
      Changes in current assets and
       liabilities                                 24,285           (280,645)
      Other                                        (3,056)              (631)
              Net cash provided by
               continuing operations              462,762            204,724
              Net cash provided by
               discontinued operations             16,978             63,195
              Net cash provided by
               operating activities               479,740            267,919

    Investing Activities
      Additions to property, plant and
       equipment                                 (220,955)          (248,285)
      Cash outflows for acquisitions                 (767)          (366,990)
      Net proceeds from divestitures              189,862                ---
      Proceeds from sale of fixed assets            7,586              9,451
              Net cash used in continuing
               operations                         (24,274)          (605,824)
              Net cash used in
               discontinued operations             (7,875)           (16,543)
              Net cash used in investing
               activities                         (32,149)          (622,367)

    Financing Activities
      Proceeds from the issuance of debt           27,488          1,731,695
      Repayment of debt                          (192,521)        (1,204,314)
      Issuance of common stock, net of
       expenses                                    59,631             62,371
      Redemption of common stock                 (345,087)          (257,343)
      Other                                        (3,281)            (9,309)
              Net cash provided by (used)
               in continuing operations          (453,770)           323,100
              Net cash provided by (used)
               in discontinued operations          11,153             (3,615)
              Net cash provided by (used)
               in financing activities           (442,617)           319,485

    Increase (decrease) in cash and cash
     equivalents                                    4,974            (34,963)
    Beginning cash balance                         27,407             46,037

    Ending cash balance                           $32,381            $11,074

    Contact:  Barry Sievert
              Senior Director, Investor Relations
              (214) 303-3437

SOURCE Dean Foods Company

/CONTACT: Barry Sievert, Senior Director,
Investor Relations of Dean Foods Company,
+1-214-303-3437/
/Web site: http://www.deanfoods.com /
(DF)

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DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that the...
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1 April, 2020
Dean Foods Reaches Agreement in Principle With Industrial Realty Group, LLC for the Sale of Dean Foo...
DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that it ...
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31 March, 2020
Dean Foods Announces Dairy Farmers of America as Winning Bidder for Substantially All of Its Assets
Prairie Farms Dairy, Mana Saves McArthur, LLC, Producers Dairy Foods and Harmoni, Inc. to Purchase A...
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17 February, 2020
Dean Foods Enters Into Asset Purchase Agreement with Dairy Farmers of America
Dairy Farmers of America to Serve as Proposed “Stalking Horse Bidder” in a Court-Supervised Sale...
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20 December, 2019
Dean Foods Receives Final Court Approval for $850 Million in Debtor-In-Possession Financing
DALLAS --(BUSINESS WIRE)--Dec. 20, 2019-- Dean Foods Company (NYSE: DF) (“Dean Foods” or the “...
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14 November, 2019
Dean Foods Company Receives Court Approval of “First Day” Motions to Support Normal Busi...
Obtains Interim Approval to Access DIP Financing Customers Receiving Uninterrupted Supply of Dairy P...
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12 November, 2019
Dean Foods Company Initiates Voluntary Reorganization with New Financial Support from Existing Lende...
Company Secures Commitments for $850 Million in DIP Financing to Support Operations In Advanced Disc...
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25 October, 2019
Dean Foods Company Announces Date for Third Quarter 2019 Earnings Release and Conference Call
DALLAS , Oct. 25, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) today announced that it will ...
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6 September, 2019
Dean Foods Concludes Strategic Alternatives Review; Focuses on Go-Forward Strategy Under New Leaders...
DALLAS , Sept. 6, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) (" Dean Foods " or the "Compa...
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6 August, 2019
Dean Foods Announces Second Quarter 2019 Results
DALLAS , Aug. 6, 2019 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today reported second quarter 20...
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26 July, 2019
Dean Foods Appoints Eric Beringause as President and CEO
Industry Veteran Brings More Than Three Decades of Experience in Food, Beverage and Consumer Product...
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