Dean Foods Co.`s fiscal third-quarter earnings rose 29 percent, to $11.9 million, or 45 cents a share, from $9.2 million, or 35 cents a share, in the year earlier period, partially because of strong milk results.
Sales in the quarter ended Feb. 28 rose 8 percent, to $396 million from $368 million, the Franklin Park-based firm said.
For the first nine months of its fiscal year, Dean said earnings increased 25 percent, to $34.4 million, or $1.29 a share, from $27.5 million, or $1.03 a share in the year-earlier period. Sales increased 8 percent, to $1.15 billion from $1.06 billion.
Dean President and Chief Executive Howard Dean said: ”Our cash position and unused debt capacity should allow for significant reinvestments in growth opportunities. We anticipate record capital expenditures in this fiscal year.”
