date:Nov 12, 2012
US dairy company Dean Foods has swung to a profit of $36.44m in the third quarter of 2012, compared to a loss of $1.55bn in 2011, when the company incurred a $1.9bn goodwill impairment charge related to its Fresh Dairy Direct segment.
Net sales in the quarter ended 30 September 2012 declined 7.9% to $3.14bn, compared to $3.41bn in 2011.
Dean Foods chairman and CEO Gregg Engles said the company reported growth for the fifth consecutive quarter, driven by strong performance across each of the th