WhiteWave Foods reports higher annual net income, provides outlook for Q1

The WhiteWave Foods Company, a consumer packaged food and beverage company, has reported that net income attributable to the company for the year ended December 31, 2012 was $113.69 million, or $0.74 per share, compared to $107.39 million, or $0.72 per share, for the year ended December 31, 2011. For the first quarter of 2013, the company expects pro forma adjusted diluted earnings of between $0.14 and $0.16 per share.

Total net sales for the year ended December 31, 2012 were $2.29 billion, compared to $2.02 billion for the year ended December 31, 2011.

Gross profit for the year ended December 31, 2012 was $803.94 million, compared to $684.44 million for the year ended December 31, 2011.

Operating income for the year ended December 31, 2012 was $180.25 million, compared to $175.69 million for the year ended December 31, 2011.

For 2013, the company expects to deliver pro forma adjusted diluted earnings per share of between $0.68 and $0.72.

"Our strong top and bottom line growth in the fourth quarter and throughout 2012 is a testament to the power of our leading brands and their positioning in the sweet spot of some of today's fastest-growing product categories. We are at the heart of a broad and sustained movement towards nutritious, flavorful, convenient and responsibly produced food and beverages," said Gregg Engles, Chairman and CEO. "Looking ahead to 2013, we are focused on growth and continuing to strengthen our brands, introduce new product offerings, expand our manufacturing capabilities, and drive cost savings across our business. We are confident that executing on these strategic initiatives - with the strong foundation we have in place - will ensure WhiteWave's continued success and growth throughout the year and well into the future."