The WhiteWave Foods Company reported record results for the fourth quarter and full year ended December 31, 2015.
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WhiteWave reported fourth quarter 2015 adjusted diluted earnings per share of $0.36, excluding operating costs associated with its China joint venture.
Including joint venture costs, WhiteWave reported fourth quarter 2015 adjusted diluted earnings per share of $0.34. Full year 2015 adjusted diluted earnings per share grew 19 percent to $1.19, excluding investments associated with its China joint venture, compared with full year 2014.
Including these investments, WhiteWave reported full year 2015 adjusted diluted earnings per share of $1.12.
Net sales for the fourth quarter 2015 were $1,028 million, a 13 percent increase from net sales of $911 million in the fourth quarter 2014. For full year 2015, adjusted net sales were $3,867 million, a 13 percent increase from net sales of $3,437 million in full year 2014.
These results were driven by strong growth in the Americas and Europe Foods & Beverages segments, as well as contributions from acquisitions, and were partially offset by declines in the Americas Fresh Foods segment resulting from sales disruptions from an SAP implementation and an intentional reduction in fresh fruit sales.
On a constant currency basis, adjusted net sales increased 15 percent in fourth quarter and 15 percent in full year 2015, when compared to fourth quarter and full year 2014, respectively.
Excluding acquisitions, adjusted organic constant currency net sales increased 8 percent in fourth quarter and 9.5 percent in full year 2015, when compared to fourth quarter and full year 2014, respectively. ■
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