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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.