=Dean Foods (DF) reported earnings on Tue 8 May 2018 (b/o)

Dean Foods beats by $0.04, beats on revs; reaffirms FY18 EPS guidance 

• Reports Q1 (Mar) earnings of $0.14 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.10; revenues fell 0.8% year/year to $1.98 bln vs the $1.84 bln Capital IQ Consensus.
• Coreaffirms guidancefor FY18, sees EPS of $0.55-0.80, excluding non-recurring items, vs. $0.62 Capital IQ Consensus Estimate.

Co states, "We will now begin the next phase by right-sizing our network to better match volume. We will incur transitory costs as the execution of our plans will lag the exit of specific customer volume and have firm plans in place to remove the fixed costs from our system within this year. We are also implementing plans to mitigate expected headwinds in non-dairy input costs while executing our strategic initiatives."