Dean Foods Lowers Full-year 2018 Guidance - Quick Facts

(RTTNews) - Dean Foods Company (DF) announced the company now anticipates an adjusted net loss for the full year in the range of $0.10 to $0.30. The company's full year cash flow guidance is reduced to between $30 and $50 million.

CEO Ralph Scozzafava said, "Our overall strategy remains our roadmap and through our enterprise-wide cost productivity plan, we are transforming the company to more effectively compete and win. The heavy lifting of the seven plant closures in the third quarter is now behind us. However, residual transitory costs associated with our plant consolidation efforts, retailers continued investment in private label and higher than expected transportation-related inflation leads us to lower our guidance."

Third-quarter loss from continuing operations per share was $0.29 and adjusted loss per diluted share was $0.28. Volume was in-line with the company's expectations, for the first full quarter of anticipated customer volume losses.