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“The dairy commodity environment looks to be a neutral factor in our forecast. Diesel, resin and sugar are expected to be modest tailwinds. We are confident the momentum behind our cost-reduction activities will deliver solid bottom line results.”
“I mean, our continued focus is to continue to drive down our debt, and we need to get it below the 2.5 target that we’ve set for ourselves and we need to keep it below that for an extended period.”[analyst comment] “So we’ve had several examples of other people in the industry rationalizing capacity. I’m — and you’ve obviously closed plants as well. Could you give us any rough estimates of what proportion of the total industry capacity has come out over the last year to 18 months?”
“As far as other industry capacity, I can’t really speak to what has come in or out, as I don’t — I can speak to what we’ve done. And as I talked to earlier, we’re going to take 10% to 15% of our facilities out. That should translate in very similar types of capacity. It may be a little bit less, but it should be relatively close to the percentage of facilities that we take.”
“in the U.S. market. I think we’re going to be relatively stable through the back half of the year, slightly increasing…Per cow output within the U.S. has remained very strong, so some of the fundamentals look pretty good.”