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Dean Foods Co. said it earned $29.1 million, or 73 cents per share, in its fiscal fourth quarter, a turnaround from a loss of $86.1 million, or $2.15 per share, a year earlier, when the company took a one-time, after-tax charge of $97.7 million, or $2.44 a share.
The Franklin Park-based food and milk company said sales in the quarter, which ended May 25, increased 6 percent, to $787.6 million from $739.4 million.
For the fiscal year, Dean Foods said it earned $86.7 million, or $2.16 per share, compared with a loss of $49.7 million, or $1.24 per share, in fiscal 1996. Annual sales rose 7 percent, to $3.02 billion from $2.81 billion.
