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WhiteWave Foods Reports Strong Third Quarter 2012 Results

For the Three Months Ended December 31, 2011

 

GAAPQ4 2011

 

Pro formaadjustments

    Pro forma  

Additionaladjustments

   

Pro FormaAdjustedQ4 2011

 
(Dollars in Thousands, Except Share and Per Share Data)
 
Total net sales $ 541,530 $ 6,360 (a) $ 547,890 $ (4,426 ) (e) $ 543,464
Cost of sales   359,252     2,624   (a)   361,876     (7,307 ) (e)   354,569  
Gross profit 182,278 3,736 186,014 2,881 188,895
Related party license income 11,082 (11,082 ) (b) - - -
Operating costs and expenses:
Selling and distribution 107,146 - 107,146 (534 ) (e) 106,612
General and administrative   37,247     2,457   (c)   39,704     2,466   (f)   42,170  
Total operating costs and expenses   144,393     2,457     146,850     1,932     148,782  
Operating income 48,967 (9,803 ) 39,164 949 40,113
Other expense:
Interest expense 1,864 3,901 (d) 5,765 235 (g) 6,000
Other expense, net   292     -     292     -     292  
Total other expense   2,156     3,901     6,057     235     6,292  

Income from continuing operations before income taxes

46,811 (13,704 ) 33,107 714 33,821
Income tax expense   15,780     (4,796 ) (h)   10,984     493   (h)   11,477  
Income from continuing operations $ 31,031   $ (8,908 ) $ 22,123   $ 221   $ 22,344  
 
Earnings per Share, Basic and Diluted:
Basic $ 0.13 (i)
Diluted $ 0.13 (i)
 
Weighted Average Shares Outstanding, Basic and Diluted:
Basic 173,000,000
Diluted 173,655,000

* See notes to Earnings Release Tables

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