Actionable news
0
All posts from Actionable news
Actionable news in WWAV: THE WHITEWAVE FOODS COMPANY,

WhiteWave Foods Reports Strong Second Quarter 2016 Results

  • Reported and Constant Currency Net Sales Increased 14%
  • Reported Operating Income Increased 31%; Adjusted Constant Currency Operating Income Increased 26% Behind Further Operating Margin Expansion
  • Reported Diluted Earnings Per Share Increased 38% to $0.29; Adjusted Diluted Earnings per Share, Excluding China Joint Venture Investments, Increased 24% to $0.32
  • Reiterating Full Year 2016 Adjusted Diluted Earnings Per Share Guidance1 of $1.38 to $1.41 and Increasing Constant Currency Adjusted Diluted Earnings Per Share Guidance1 to $1.43 to $1.46, Excluding China Joint Venture Investments
  • Entered Into a Definitive Merger Agreement on July 6, 2016, with Danone for WhiteWave to be Acquired for $56.25 Per Share

DENVER, Aug. 09, 2016 (GLOBE NEWSWIRE) -- The WhiteWave Foods Company (WWAV) today reported financial results for the second quarter ended June 30, 2016.

Financial Summary: Three Months Ended June 30,
In millions, except EPS 2016 2015 % Change*
Total Net Sales
Reported $ 1,050 $ 924 +14 %
Constant Currency $ 1,052 $ 924 +14 %
Organic Constant Currency $ 989 $ 924 +7 %
Total Operating Income
Reported $ 101 $ 77 +31 %
Adjusted $ 104 $ 85 +23 %
Adjusted Constant Currency $ 107 $ 85 +26 %
Net Income
Reported $ 52 $ 37 +38 %
Adjusted $ 55 $ 44 +27 %
Adjusted, excluding China J.V. $ 58 $ 47 +24 %
Diluted Earnings per Share (EPS)
Reported $ 0.29 $ 0.21 +38 %
Adjusted $ 0.31 $ 0.24 +27 %
Adjusted, excluding China J.V. $ 0.32 $ 0.26 +24 %
Adj. Constant Currency, excluding China J.V. $ 0.33 $ 0.26 +28 %
EBITDA
Adjusted $ 143 $ 115 +24 %
Adjusted, excluding China J.V. $ 146 $ 119 +23 %
Adj. Constant Currency, excluding China J.V. $ 149 $ 119 +25 %
*Certain change percentages may not recalculate using the rounded dollar amounts provided

WhiteWave’s second quarter 2016 reported diluted earnings per share was $0.29 and adjusted diluted earnings per share was $0.32, excluding operating costs associated with its China joint venture. Including joint venture costs, WhiteWave reported second quarter 2016 adjusted diluted earnings per share of $0.31.

1 Please refer to “Forward...


More