Dean Foods Announces Second Quarter 2019 Results
DEAN FOODS (DF)
Last dean foods earnings: 8/6 06:45 am
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US:NYSE Investor Relations:
deanfoods.com/our-company/investor-relations
Company Research
Source: PR Newswire
DALLAS, Aug. 6, 2019 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today reported second quarter 2019 results.HighlightsQ2 GAAP net loss per share attributable to Dean Foods was $0.70 and adjusted net loss per share was $0.36; adjusted net loss represents sequential improvement from Q1 2019 Full year 2019 capital expenditures remain on-track in the range of $95 million to $110 millionThe Company's second quarter results primarily reflect volume pressure associated with the overlap of certain customers exiting our system last year and an accelerated decline in the conventional white milk category. Dean Foods also experienced higher dairy commodity inflation, which it expects to significantly increase throughout the remainder of 2019.The Company reported positive quarterly free cash flow in the second quarter driven by working capital management. However, given the Company's expectations for continued volume pressure and higher input costs, Dean Foods now expects to be a net user of c
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