Dean Foods (DF) Tops Q1 EPS by 7c
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May 10, 2016 6:45 AM EDT
DALLAS, May 10, 2016 /PRNewswire/ --Â Dean Foods Company (NYSE: DF) today reported first quarter 2016 results.
Highlights
Q1 net income per diluted share was $0.43 and adjusted net income per diluted share was $0.45, exceeding expectations
Q1 adjusted results reflect the fifth consecutive quarter of year-over-year improved results behind strong execution across all functions
Quarterly dividend increased to $0.09 per share, a 29% increase
Q2 2016 adjusted diluted earnings are expected to be $0.32 to $0.40 per diluted share
Chief Executive Officer Gregg Tanner said, "Our Q1 performance marks... More
May 9, 2016 8:55 PM EDT
DALLAS, May 9, 2016 /PRNewswire/ --Â Dean Foods Company ("Dean Foods") (NYSE: DF) announced today that it has agreed to acquire the manufacturing and retail ice cream business ("Friendly's Ice Cream") from an affiliate of Friendly's Ice Cream, LLC ("Friendly's Restaurants"), a leading ice cream and dining brand in the Northeast U.S., for $155 million in cash.
Friendly's Ice Cream, with $166 million in net sales in 2015, is an iconic brand that produces popular packaged ice cream and other frozen dessert products, including single-serve sundae cups, novelty items, cakes and rolls. Friendly's... More
