Last $16.11 USD
Change Today +0.03 / 0.19%
Volume 900.8K
DF On Other Exchanges
Symbol
Exchange
New York
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As of 1:07 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

dean foods co (DF) Snapshot

Open
$16.09
Previous Close
$16.08
Day High
$16.21
Day Low
$16.03
52 Week High
10/28/13 - $19.88
52 Week Low
02/11/14 - $13.59
Market Cap
1.5B
Average Volume 10 Days
3.5M
EPS TTM
$1.43
Shares Outstanding
93.8M
EX-Date
08/21/14
P/E TM
11.2x
Dividend
$0.28
Dividend Yield
1.31%
Current Stock Chart for DEAN FOODS CO (DF)

dean foods co (DF) Details

Dean Foods Company, a food and beverage company, processes and distributes milk and other fluid dairy products in the United States. It manufactures, markets, and distributes dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix, and other dairy products; and produces and distributes juices, teas, and bottled water. The company offers its products under approximately 50 local and regional proprietary or licensed brands and private labels, such as the TruMoo, Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Garelick Farms, LAND O LAKES, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.Lee, Tuscan, and others. The company sells its products to retailers, foodservice outlets, distributors, educational institutions, and governmental entities. Dean Foods Company was founded in 1925 and is headquartered in Dallas, Texas.

18,040 Employees
Last Reported Date: 02/24/14
Founded in 1925

dean foods co (DF) Top Compensated Officers

Chief Executive Officer, Director and Chairma...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $465.0K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $450.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

dean foods co (DF) Key Developments

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.

 

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Industry Analysis

DF

Industry Average

Valuation DF Industry Range
Price/Earnings 4.2x
Price/Sales 0.2x
Price/Book 2.2x
Price/Cash Flow 4.1x
TEV/Sales 0.1x
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