Amadeusz Juskowiak

Dean foods df sees strong 4th qtr earnings

Dean Foods Co expects earnings for the fourth quarter ending May 30 to exceed those of the same yearago period Chairman Kenneth Douglas told analysts

In the fiscal 1986 fourth quarter the food processor reported earnings of 40 cts a share

Douglas also said the years sales should exceed 14 billion dlrs up from 127 billion dlrs the prior year

He repeated an earlier projection that thirdquarter earnings will probably be off slightly from last years 40 cts a share falling in the range of 34 cts to 36 cts a share

Douglas said it was too early to project whether the anticipated fourth quarter performance would be enough for us to exceed the prior years overall earnings of 153 dlrs a share

In 1988 Douglas said Dean should experience a 20 pct improvement in our bottom line from effects of the tax reform act alone

President Howard Dean said in fiscal 1988 the company will derive benefits of various dairy and frozen vegetable acquisitions from Ryan Milk to the Larsen Co

Dean also said the company will benefit from its acquisition in late December of Elgin Blenders Inc West Chicago

He said the company is a major shareholder of EBI Foods Ltd a United Kingdom blender and has licensing arrangements in Australia Canada Brazil and Japan

It provides ann entry to McDonalds Corp MCD weve been after for years Douglas told analysts

Reuter