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Last $52.11 USD
Change Today +0.87 / 1.70%
Volume 1.1M
WWAV On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

whitewave foods co (WWAV) Key Developments

The WhiteWave Foods Company Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-10-2015 08:30 AM

The WhiteWave Foods Company Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-10-2015 08:30 AM. Venue: Paris, France. Speakers: Bernard P. J. Deryckere, President of Europe Foods & Beverages, Gregg L. Engles, Chairman, Chief Executive Officer and Chairman of Executive Committee, Kelly J. Haecker, Chief Financial Officer and Executive Vice President.

The WhiteWave Foods Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

The WhiteWave Foods Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were $911,142,000 against $830,223,000 a year ago. These results were driven by strong growth across the Americas Foods & Beverages and the Europe Foods & Beverages segments and inclusion of the So Delicious Dairy Free business that was acquired in fourth quarter 2014. Operating income was $70,070,000 against $54,185,000 a year ago. Income before income taxes was $57,602,000 against $47,655,000 a year ago. Income before loss in equity method investments was $37,420,000 against $32,360,000 a year ago. Net income was $33,347,000 against $32,360,000 a year ago. Diluted net income per share was $0.19 against $0.18 a year ago. Net cash provided by operating activities was $64,416,000 against $67,591,000 a year ago. Adjusted total net sales were $911,142,000 against $830,223,000 a year ago. Adjusted operating income was $74,750,000 against $64,098,000 a year ago. Adjusted income before income taxes was $66,083,000 against $58,370,000 a year ago. Adjusted income before loss in equity method was $43,020,000 against $38,758,000 a year ago. Adjusted net income was $38,947,000 against $38,758,000 a year ago. Adjusted diluted earnings per share were $0.22 against $0.22 a year ago. EBITDA was $89,726,000 against $80,510,000 a year ago. Adjusted EBITDA was $108,801,000 against $100,387,000 a year ago. The company expects continued strong growth in 2015 and is increasing its full year outlook for net sales, adjusted operating income and adjusted diluted earnings per share. These increased expectations are in spite of continued strengthening of the U.S. dollar, which is expected to further lower adjusted diluted earnings per share by $0.01 due to currency translation of the Europe Foods & Beverages segment results, as well as the Canadian dollar based operations within the Americas Foods & Beverages segment. Management is increasing its net sales percentage growth expectations for full year 2015 to low-teens on a constant currency basis, and low-double digits on a reported basis. For second quarter 2015, management expects net sales percentage growth in the low-teens on a constant currency basis, translating into high-single to low-double digits on a reported basis. WhiteWave continues to expect strong adjusted operating income growth in 2015, with the highest levels of growth expected over the second half of the year, as a result of increased utilization rates, additional internal production capacity increases, further scale leverage, and increasing contributions from integration of the So Delicious acquisition. Management forecasts adjusted operating income percentage growth for second quarter 2015 to be high-teens to low-twenties on a constant currency basis, translating into low-teens percentage growth on a U.S. dollar reported basis, based on current foreign exchange rates. For full year 2015, management now expects adjusted operating income percentage growth in the low-twenties on a constant currency basis, converting into high-teens growth on a reported basis, based on current foreign exchange rates. Interest expense is now forecasted to be approximately $54 million to $57 million in 2015, and approximately $14 million to $16 million in second quarter 2015. Management continues to estimate its effective tax rate to be approximately 35% for 2015, with potential variability by quarter. The annual amount of such operating investments is expected to continue to be approximately $0.06 to $0.07 dilutive to the company's full year 2015 adjusted diluted earnings per share, with an approximately $0.02 dilutive impact in second quarter 2015. The timing and amount of investments in 2015 may vary. Based on these expectations and current foreign exchange rates, management is increasing its full year 2015 adjusted diluted earnings per share outlook to $1.16 to $1.20 on a constant currency basis, excluding the expected $0.06 to $0.07 per share operating investment in the China joint venture. On a U.S. dollar reported basis, excluding investments in the China joint venture, management is increasing its expectation for full year 2015 adjusted diluted earnings per share to $1.10 to $1.14, after an expected $0.06 dilutive impact from currency translation. Management's current expected currency translation impact of $0.06 has been increased by $0.01 from its initial 2015 guidance. Management continues to expect capital expenditures will be approximately $325 million to $350 million for full year 2015, due to investments in additional capacity, a new research and development facility and to support future growth. Timing of capital projects may vary and affect the amount of investments made in 2015. For second quarter 2015, management expects constant currency adjusted diluted earnings per share of $0.25 to $0.27, excluding an approximately $0.02 per share investment in the China joint venture. On a U.S. dollar reported basis, management expects adjusted diluted earnings per share of $0.23 to $0.25 for second quarter 2015, based on current foreign exchange rates, excluding China joint venture investments. Tax rate for 2015 to be roughly 35%, with potential variability by quarter.

The WhiteWave Foods Company to Report Q1, 2015 Results on May 08, 2015

The WhiteWave Foods Company announced that they will report Q1, 2015 results at 12:00 PM, GMT Standard Time on May 08, 2015

The WhiteWave Foods Company, Q1 2015 Earnings Call, May 08, 2015

The WhiteWave Foods Company, Q1 2015 Earnings Call, May 08, 2015

The WhiteWave Foods Company Expands Silk Cashewmilk Line-Up

The WhiteWave Foods Company has expanded the Silk Cashewmilk line-up with the addition of new Silk Chocolate Cashewmilk and Silk Vanilla Cashewmilk. Cashewmilk is a cashew-based beverage free of cholesterol, lactose, dairy, soy and gluten. With its smooth, creamy and mild taste, Silk Cashewmilk provides a new plant-based beverage alternative for consumers, with an even creamier flavor profile. Flavors include: Silk Original Cashewmilk: 60 calories per 8 oz serving; Silk Unsweetened Cashewmilk: 25 calories per 8 oz serving; Silk Vanilla Cashewmilk: 80 calories per 8 oz serving; and Silk Chocolate Cashewmilk: 90 calories per 8 oz serving. Silk Cashewmilk is available in half-gallon sizes at a suggested retail price of $3.49. Original and Unsweetened Cashewmilk are available in grocery stores nationwide.

 

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WWAV

Industry Average

Valuation WWAV Industry Range
Price/Earnings 64.8x
Price/Sales 2.5x
Price/Book 8.3x
Price/Cash Flow 63.6x
TEV/Sales 2.1x
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