Dean Foods (DF) Tops Q1 EPS by 4c; Reaffirms

Dean Foods (NYSE: DF) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.85 billion.

Reaffirms full-year 2018 adjusted earnings expectation of $0.55 to $0.80 per diluted share.

Chief Executive Officer Ralph Scozzafava said, \"Our execution in the first quarter was solid and I\'m pleased with our overall progress. Our volume and mix were in-line with our expectations and the traction that we\'re getting across our enterprise-wide cost productivity plan is ramping up. We took important initial steps to lower our cost base. The initiatives we executed late last year and in the first quarter of 2018 are clearly working as evidenced by the benefits reading through in our results. We will continue to build upon this momentum to deliver on our target of $150 million in incremental run-rate savings by 2020.\"

For earnings history and earnings-related data on Dean Foods (DF) click here.

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