Exhibit 99.1

 

LOGO       NEWS RELEASE
   Contact:    Dave Oldani
      Vice President, Investor Relations
      (214) 721-7648

WHITEWAVE FOODS REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2012 RESULTS

 

   

Q4 2012 Pro Forma Adjusted Diluted Earnings per Share Increases 34% to $0.18; Full Year up 31% to $0.60

 

   

Full Year 2013 Guidance of Mid-Teens Pro Forma Adjusted Operating Income Growth

 

   

Full Year 2013 Guidance of $0.68 to $0.72 Pro Forma Adjusted Diluted Earnings per Share

 

   

Q1 2013 Guidance of $0.14 to $0.16 Pro Forma Adjusted Diluted Earnings per Share

 

   

Dean Foods Affirms Plans to Spin-Off The WhiteWave Foods Company in May 2013

DALLAS, TX – February 13, 2013

– The WhiteWave Foods Company (the “Company”) (NYSE: WWAV) today reported strong results for the fourth quarter and full year ended December 31, 2012, driven by growth across all of the Company’s product categories.

Financial Summary:

 

     Three Months Ended December 31,     Full Year Ended December 31,  
In millions, except percentages and EPS    2012      2011      % Change     2012      2011      % Change  

Total Net Sales

                

GAAP

   $ 608       $ 542         12   $ 2,289       $ 2,026         13

Pro Forma Adjusted

   $ 609       $ 543         12   $ 2,306       $ 2,044         13

Operating Income

                

GAAP

   $ 46       $ 49         (6 %)    $ 180       $ 176         3

Pro Forma Adjusted

   $ 48       $ 41         17   $ 173       $ 142         22

Income from Continuing Operations

                

GAAP

   $ 29       $ 31         (8 %)    $ 113       $ 114         (2 %) 

Pro Forma Adjusted

   $ 31       $ 23         34   $ 104       $ 80         31

Diluted Earnings per Share (EPS)

                

GAAP

   $ 0.17       $ 0.21         (16 %)    $ 0.73       $ 0.76         (4 %) 

Pro Forma Adjusted

   $ 0.18       $ 0.13         34   $ 0.60       $ 0.46         31

Diluted Shares Outstanding

                

GAAP

     165         150           154         150      

Pro Forma Adjusted

     173         173           173         173      

The Company reported fourth quarter 2012 pro forma adjusted diluted earnings per share of $0.18, a 34 percent increase compared to fourth quarter 2011 pro forma adjusted diluted earnings of $0.13 per share. For full year 2012, the Company reported pro forma adjusted diluted earnings per share of $0.60, representing a 31 percent increase compared to full year 2011 pro forma adjusted diluted earnings per share of $0.46.

Pro forma adjusted net sales for the fourth quarter of 2012 increased 12 percent to $609 million, compared to $543 million in the fourth quarter of 2011. Pro forma adjusted net sales for the full year 2012 increased 13 percent to approximately $2.3 billion from $2.0 billion for the full year 2011. This growth has been primarily volume driven and continues to be led by the Company’s North America Plant-Based Foods & Beverages and Coffee Creamer & Beverages platforms.

Consolidated segment pro forma adjusted operating income for the fourth quarter of 2012 totaled $61 million, compared to $54 million in the fourth quarter of 2011, representing an increase of 13 percent. For the full year 2012, consolidated segment pro forma adjusted operating income increased 16 percent to $228 million, compared to full year 2011 consolidated segment pro forma adjusted operating income of $197 million. These segment operating results were softened somewhat by significant year over year increases in marketing expenditures, and increases in distribution and warehousing costs due to capacity constraints as a result of the Company’s rapid volume growth.


The following information was filed by Whitewave Foods Co (WWAV) on Wednesday, February 13, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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