Dean Foods Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net sales were $1,995.686 million compared with $1,878.828 million a year ago. Operating income was $2.952 million compared with $78.539 million a year ago. Loss before income taxes was $13.556 million compared with income of $62.660 million a year ago. Net loss was $9.759 million or $0.11 per diluted share compared with net income of $39,201 million or $0.43 per diluted share a year ago. Net cash provided by operating activities was $27.556 million compared with $46.230 million a year ago. Payments for property, plant and equipment was $8.372 million compared with $17.067 million a year ago. Adjusted operating income was $34.774 million compared with $83.149 million a year ago. Adjusted net income was $11.994 million or $0.13 per diluted share compared with net income of $41.842 million or $0.45 per diluted share a year ago. Adjusted EBITDA was $73.676 million against $122.183 million a year ago. Bank EBITDA was $415.432 million. Net debt at March 31, 2017, was $868.198 million.

The company reaffirmed full year 2017, adjusted diluted earnings per share to be $1.35 to $1.55.