Dean Foods Co. (DF), on a GAAP basis, has earned $5 million, or $0.06 per share of profit in the fourth quarter of 2014, as against the prior-year loss of $38 million, or $0.40 per share.
On an adjusted basis, quarterly net income was $7 million, or $0.08 per share, compared with fourth quarter 2013 net income of $17 million, or $0.18 per share. On average, 12 analysts polled by Thomson Reuters expected the company to report $0.11 per share of profit for the quarter. Analysts' estimates typically exclude special items.
Dallas, Texas-based firm's net sales for the quarter grew to $2.4 billion, from $2.3 billion last year, while ten analysts had a consensus revenue estimate of $2.43 billion.
Commenting on the future, the company said in a statement, "Given the structural costs we have removed from our system and the multiple inherent benefits that come with cheaper raw milk, we expect our 2015 financial results to be substantially better than 2014."
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