Natural Products  November 10, 2014

WhiteWave reports significant growth in third quarter

BROOMFIELD — The WhiteWave Foods Co. (NYSE: WWAV) on Monday reported significant growth for its third-quarter that ended Sept. 30.

The Broomfield-based maker and seller of plant-based foods and beverages, coffee creamers, dairy products and organic produce, recorded revenue of $867 million for the quarter, a 34 percent increase compared with $639 million for the same period a year ago.

Net income in the third quarter was up 45 percent, from $24.3 million last year to $42 million this year, with net income per share increasing from 14 cents to 23 cents.

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For the first nine months of the year, revenue was $2.5 billion compared with $1.8 billion in 2013. Net income was $108 million compared with $80 million, and net income per share was 62 cents compared with 46 cents.

Gregg Engles, WhiteWave’s chairman and chief executive, in a prepared statement said that the company enters the fourth quarter with “strong growth momentum across all our businesses, positioning us to finish off 2014 with continued strong results.”

During the third quarter, the company announced it would pay $195 million for Eugene, Ore.-based So Delicous Dairy Free. It produces non-GMO plant-based beverages, creamers, cultured products and frozen desserts. So Delicious had net sales of $115 million for the 12 months that ended June 30. The deal was finalized Oct. 31 in the current fourth quarter.

 

BROOMFIELD — The WhiteWave Foods Co. (NYSE: WWAV) on Monday reported significant growth for its third-quarter that ended Sept. 30.

The Broomfield-based maker and seller of plant-based foods and beverages, coffee creamers, dairy products and organic produce, recorded revenue of $867 million for the quarter, a 34 percent increase compared with $639 million for the same period a year ago.

Net income in the third quarter was up 45 percent, from $24.3 million last year to $42 million this year, with net income per share increasing from 14 cents to 23 cents.

For the first nine months of the year, revenue was $2.5…

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