date:Jun 10, 2014
s. Sales volume increases in Argentina and a more favourable dairy ingredients product mix offset lower sales volumes in the Dairy Ingredients Division. The Dairy Division (Europe) ceased operations in the first quarter of fiscal 2014, and as a result negatively impacted revenues by approximately $15 million when compared to last fiscal year.
Consolidated adjusted earnings before interest, income taxes, depreciation, amortization, acquisition, restructuring, and other costs (adjusted EBITDA1) t