Dean Foods' net income rose 37% for the fourth quarter of 2003 thanks to acquisitions, higher selling prices and a strong performance by subsidiary White Wave. For the entire year, the company doubled its net income and sales were up 2.1% to top $9 billion.
The Dallas-based processor said net income for the quarter totaled $86.5 million, or 54 cents per share, compared with $63.1 million, or 42 cents per share, in fourth quarter 2002.