Dean Foods Co. (DF) announced that its third-quarter net income attributable to Company was $49.65 million or $0.27 per share, compared to $37.75 million or $0.24 per share in the prior year's third quarter.
Adjusted net income attributable to Dean Foods Company was $62.22 million, compared to $43.49 million in the same quarter last year. Adjusted earnings per share were $0.34, an increase of 21% from $0.28 per adjusted share in the prior year's third quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the third quarter totaled $2.77 billion, down 13% from $3.19 billion in the third quarter of 2008. Nine analysts had consensus revenue estimate of $2.94 billion for the quarter. The net sales decrease in the quarter was primarily due to the pass-through of lower dairy commodity costs, and lower net sales volumes in the WhiteWave-Morningstar operations, offset by acquisition-related volume growth in Fresh Dairy Direct and WhiteWave-Morningstar.
For the fourth quarter, the company expects adjusted earnings to be at least $0.36 per share.Analysts expect the company to report earnings of $0.39 per share for the fourth-quarter.
The company raised its fiscal 2009 adjusted earnings outlook to at least $1.63 per share, from the previously expected outlook at least $1.60 per share. Analysts expect the company to report earnings of $1.66 per share for fiscal 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.