Dean Foods Co., posted substantially higher fourth-quarter profits as it closed its first year after the merger with Suiza Foods Corp.
DALLASDean Foods Co., posted substantially higher fourth-quarter profits as it closed its first year after the merger with Suiza Foods Corp. The Dallas-based industry leader said last month that net income almost tripled in the quarter to $63.1 million, or 63 cents a share, compared with $23.7 million, or 37 cents a share, a year earlier. The company also raised its 2003 forecast, partly due to a share-buyback program, and announced an affiliation with Starbucks Corp., for the sale of White Wave.
Newsline: Dean’s Quarterly Income Nearly Triples
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