Dean Foods reports ”significant” improvement25 Feb 2016
Dean Foods has reported financial results that the company says reflect significant year-over-year improvement. Q4 net income per diluted share was $0.20 and adjusted net income per diluted share was $0.36.
Dean Foods has reported financial results that the company says reflect significant year-over-year improvement. Q4 net income per diluted share was $0.20 and adjusted net income per diluted share was $0.36. Full year net loss per diluted share was $0.09 and adjusted net income per diluted share was $1.23. The company said that Q4 adjusted results reflect the fourth consecutive quarter of year-over-year improved results behind solid execution and price realisation."The fourth quarter marked the successful completion of a very strong year,” said Chief Executive Officer Gregg Tanner. “I'm very pleased with the sequential improvement we saw in our operational and financial performance from Q3 to Q4. I believe the 2015 financial results demonstrate that we're driving the right initiatives and agenda. As I look to the future, I believe our financial position and the momentum of our strong operating performance will allow us to continue to grow our business and create shareholder value." "We delivered a strong finish to 2015 across our key financial measures,” said Chief Financial Officer Chris Bellairs. “We delivered $246 million of free cash flow and $404 million of adjusted EBITDA on a full year basis. On an all cash netted basis, our total leverage has improved to 1.89 times net debt to EBITDA. This highlights our ability to rapidly reduce leverage on the strength of our free cash flow while investing in our business and returning cash to our shareholders."
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