date:May 12, 2014
in the second quarter. The company lowered its full-year guidance on earnings per share to at least 60c. The company previously had expected adjusted diluted earnings per share of 73c to 86c. The new full-year guidance is predicated on a moderation of Class 1 pricing beginning in June, assuming prices of $20 to $21 per cwt by the end of the year.
The current high prices have Dean Foods facing two unpleasant choices, said Chris Bellairs, executive vice-president and chief financial officer.
One