The nation's largest milk processor, Dean Foods, has reported net income of $64.1 million for the second quarter of this year.
"The second quarter marks another solid step forward," says Dean chairman and CEO Gregg Engles. "Again, we posted strong financial results across the business, made continued progress against our strategic initiatives, and further de-leveraged the balance sheet," he added. "We believe we are firmly on track to deliver very strong full-year results."
The second quarter's net income of $64.1 million is 31 percent higher than the $48.9 million posted in the second quarter of 2008.
Read thr company's full press release and income statement.
Source: Dean Foods