Last $15.36 USD
Change Today -0.065 / -0.42%
Volume 586.2K
DF On Other Exchanges
Symbol
Exchange
Frankfurt
As of 12:56 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

dean foods co (DF) Key Developments

Dean Foods Company Announces Resignation of Rachel A. Gonzalez as Executive Vice President, General Counsel and Secretary, Effective September 12, 2014

Dean Foods Company announced that Rachel A. Gonzalez has resigned as Executive Vice President, General Counsel and Secretary of the company to accept a similar position at a publicly traded company. Ms. Gonzalez's resignation will be effective September 12. Dean Foods is launching a search for a new general counsel and expects to consider candidates in the coming months.

Dean Foods Announces New TruMoo(R) Protein Plus Milk

Dean Foods announced new TruMoo(R) Protein Plus milk. The nutritious, protein-rich drink, available in chocolate and vanilla flavors, provides 25 grams of protein in every single-serve, resealable 14-ounce bottle, plus all the essential vitamins and nutrients of milk. TruMoo Protein Plus is the perfect on-the-go wholesome snack. With TruMoo Protein Plus milk, increasing protein intake is easier than ever before. Simply grab the single-serve bottle and go. And, unlike water, juice and many sports drinks, TruMoo Protein Plus packs in the additional benefit of calcium for post-workout recovery drink option. Like regular TruMoo, TruMoo Protein Plus is made with real milk and contains no Artificial Growth Hormones and no High Fructose Corn Syrup. TruMoo Protein Plus also provides eight essential nutrients: calcium, protein, vitamins A, D and B12, riboflavin, phosphorus and potassium -- just like regular milk. TruMoo Protein Plus is available in the dairy case at grocery, convenience and drug stores nationwide, in chocolate and vanilla flavors. Each 14-ounce bottle has a suggested retail price of $1.99 - $2.29.

Dean Foods Company Enters into Amendment No. 2 to Credit Agreement

On August 14, 2014, Dean Foods Company entered into Amendment No. 2 to Credit Agreement by and among the company; the lenders consenting to the Amendment; and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the lenders party to the company's Credit Agreement dated as of July 2, 2013 by and among the Company, the lenders party thereto and the Administrative Agent. The Amendment amends the Credit Agreement, and except as so amended, the terms of the Credit Agreement remain in effect. Loan terms modified by the Amendment will apply to all lenders under the Credit Agreement and include the following: Modification of the maximum consolidated net leverage ratio to permit a maximum consolidated net leverage ratio as follows: 5.25 to 1.00 for each fiscal quarter ending on or prior to December 31, 2014; 5.00 to 1.00 for each fiscal quarter ending on or prior to March 31, 2015; 4.50 to 1.00 for each fiscal quarter ending on or prior to June 30, 2015; and 4.00 to 1.00 for each fiscal quarter ending thereafter; Addition of a requirement that the Company maintain a senior secured net leverage ratio not to exceed 2.50 to 1:00; Modification of the definition of Applicable Rate to add two new categories to the pricing grid such that loans outstanding under the revolving credit facility will bear interest, at the Company's election, at either the Adjusted LIBO Rate (as defined in the Credit Agreement) plus a margin of between 1.25% and 2.75%, or the Alternate Base Rate plus a margin of between 0.25% and 1.75%, in each case based on the Company's consolidated net leverage ratio; and Additional limitations on certain investments and permitted acquisitions by the Company in the event the company's consolidated net leverage ratio exceeds 3:50 to 1:00. In connection with the Amendment, the Company paid certain consent fees to the lenders consenting to the Amendment and certain arrangement fees to the arranger of the Amendment.

Dean Foods Company Declares Quarterly Dividend, Payable on September 4, 2014

Dean Foods Company announced that its board of directors declared a quarterly dividend of $0.07 per share. The dividend is payable on September 4, 2014, to stockholders of record at the close of business on August 25, 2014.

Dean Foods Company Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Capital Expenditure Guidance for the Year of 2014

Dean Foods Company reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total net sales of $2.4 billion, compared to $2.2 billion, operating loss of $3.5 million compared to operating income of $43.6 million, loss from continuing operations before income taxes of $18.8 million compared to $46.0 million, loss from continuing operations of $1.0 million or $0.01 per diluted share compared to $32.1 million or $0.34 per diluted share, net loss attributable to the company of $0.6 million or $0.01 per diluted share compared to $56.9 million or $0.61 per diluted share for the last year. On non-GAAP the company reported, operating loss of $5.9 million compared to operating income of $64.6 million, loss from continuing operations before income taxes of $20.5 million compared to income from continuing operations before income taxes $39.0 million, loss from continuing operations of $12.7 million or $0.14 per diluted share compared to income from continuing operations of $24.2 million or $0.26 per diluted share, net loss attributable to the company of $12.7 million or $0.14 per diluted share compared to net income attributable to the company of $24.2 million or $0.26 per diluted share for the last year. The company reported adjusted EBITDA of $33.5 million compared to $104.9 million for the last year. For the six months, the company reported the company reported total net sales of $4.7 billion, compared to $4.5 billion, operating income of $1.8 million compared to $73.4 million, loss from continuing operations before income taxes of $28.2 million compared to $76.0 million, loss from continuing operations of $10.8 million or $0.71 per diluted share compared to $52.8 million or $0.57 per diluted share, net loss attributable to the company of $9.6 million or $0.10 per diluted share compared to net income attributable to the company of $435.7 million or $4.67 per diluted share for the last year. On non-GAAP the company reported, operating income of $1.0 million compared to $138.9 million, loss from continuing operations before income taxes of $27.9 million compared to income from continuing operations before income taxes $86.7 million, loss from continuing operations of $17.3 million or $0.18 per diluted share compared to income from continuing operations of $53.7 million or $0.57 per diluted share, net loss attributable to the company of $17.3 million or $0.18 per diluted share compared to net income attributable to the company of $53.7 million or $0.57 per diluted share for the last year. The company reported adjusted EBITDA of $79.4 million compared to $220.7 million, net cash provided by operating activities of $25.3 million compared to net cash used in operating activities of $230.9 million, payments for property, plant and equipment of $53.6 million compared to $49.0 million, free cash flow used in continuing operations of $28.4 million compared to $294.1 million and adjusted free cash flow provided by continuing operations of $1.9 million compared to $24.5 million for the last year. For the third quarter, expects an adjusted diluted net loss of between $0.05 and $0.15 per share. The company also expects to be at the low end of prior 2014 capital expenditure guidance of $150-175 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DF:US $15.35 USD -0.07

DF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Sanderson Farms Inc $89.82 USD -1.67
SpartanNash Co $20.64 USD -0.07
SUPERVALU Inc $9.70 USD +0.12
WhiteWave Foods Co/The $36.71 USD -0.09
United Natural Foods Inc $63.56 USD +0.38
View Industry Companies
 

Industry Analysis

DF

Industry Average

Valuation DF Industry Range
Price/Earnings 4.0x
Price/Sales 0.2x
Price/Book 2.2x
Price/Cash Flow 3.9x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DEAN FOODS CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.