Huami Corporation
Earnings News Financial

Investors Watch-list: Dean Foods Company (NYSE: DF)

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Highlights

  • Volume performance and mix in-line with expectations
  • Strong execution of SG&A cost reductions as part of the Company’s enterprise-wide cost productivity plan
  • Reaffirms full-year 2018 adjusted earnings expectation of $0.55 to $0.80 per diluted share(1)

Chief Executive Officer Ralph Scozzafava said, “Investors Watch-list  execution. The first quarter was solid and I’m pleased with our overall progress. News Buzz Our volume and mix were in-line with our expectations and the traction. That we’re getting across our enterprise-wide cost productivity plan is ramping up. We took important initial steps to lower our cost base. The initiatives we executed late last year and in the first quarter of 2018 are clearly working. As evidenced by the benefits reading through in our results. We will continue to build upon this momentum to deliver on our target. $150 million in incremental run-rate savings by 2020.”

Cash Flow

Net cash provided by continuing operations for the three months ended March 31, 2018, totaled $39 million. Free cash flow provided by continuing operations, which is defined as net cash provided by continuing operations less capital expenditures, was $22 million for the three months ended March 31, 2018, a $3 million increase as compared to the prior year period. Capital expenditures totaled $17 million for the three months ended March 31, 2018.

Debt

Total outstanding debt at March 31, 2018, net of $28 million cash on hand, was approximately $884 million. The Company’s net debt to bank EBITDA total leverage ratio, on an all-cash netted basis. Was flat on a sequential basis at 2.68 times at the end of the first quarter 2018.

Forward Outlook

We have been successful in driving early results in the administrative area against. We will now begin the next phase by right-sizing our network to better match volume. Will incur transitory costs as the execution of our plans will lag. The exit of specific customer volume and have firm plans in place to remove. The fixed costs from our system within this year.

We are also implementing plans to mitigate expected headwinds in non-dairy input costs while executing our strategic initiatives. I’m confident in our ability to execute these actions. Our full-year free cash flow and capital expenditure guidance remains unchanged,” concluded Scozzafava.

We provide guidance on a Investors Watch-list basis and are unable to provide a full reconciliation to GAAP without unreasonable efforts. As we cannot predict the amount or timing of certain elements which are included in reported GAAP results. Including mark-to-market adjustments of hedging activities, asset impairment charges. Other non-recurring events or transactions that may significantly affect reported GAAP results.

52 week range of the stock remained $ 8.14 – 19.98. Switching over to some distances from popular moving averages, we see that the stock has been recorded. 4.66% away from the 50 day moving average and -20.85% away from the 200 day moving average. Moving closer, we can see that shares have been trading -3.10% off of the 20-day moving average.

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