TreeHouse Foods, Inc. (THS) has announced a series of internal restructuring actions aimed at improving operational efficiency while also reaffirming its financial outlook for fiscal 2025. The company maintains its guidance, projecting adjusted net sales between $3.34 billion and $3.40 billion, and adjusted EBITDA from continuing operations ranging from $345 million to $375 million for fiscal 2025.These projections take into account a partial-year benefit from recent cost-saving measures associated with the ...

Company Provides Preliminary First Quarter 2025 Results of at least $792 million of Adjusted net sales and at least $52 million of Adjusted EBITDA1Reaffirms 2025 GuidanceOAK BROOK, Ill., April 10, 2025 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) (the "Company"), today announced that it is implementing planned actions to drive greater operational efficiency, achieve significant cost-savings, and enhance profitability and cash flow, while improving quality and service levels. The Company's actions span ...

TreeHouse Foods, Inc. (THS) reported mixed fourth-quarter fiscal 2024 results. The bottom line improved year over year but missed the Zacks Consensus Estimate, while the top line declined and beat the same. Despite a slower macroeconomic environment and two significant supply-chain disruptions, the company made steady progress in executing supply-chain initiatives amid a difficult consumer landscape across food and beverage categories.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Tr ...

Acquisitions and Divestitures - TreeHouse Foods completed the acquisition of Harris Tea, a leading private brand tea manufacturer, on January 2, 2025, aligning with its strategy to enhance capabilities in higher-growth categories [19]. - TreeHouse acquired pickle branded assets from The J.M. Smucker Co. on January 2, 2024, expanding its presence in the Pickles category into Canada [21]. - The company completed the acquisition of the Direct Ship coffee business from Farmer Brothers Company on June 30, 2023, enhancing its coffee product offerings [23]. - The Snack Bars business was sold on September 29, 2023, as part of a strategic review process, which also included the divestiture of a significant portion of the Meal Preparation business in 2022 [22][25]. - The company completed the acquisition of pickle branded assets for $25.9 million on January 2, 2024, expanding its presence in the Pickles category in Canada [140]. - The company completed the sale of its Snack Bars business for approximately $58.7 million in cash on September 29, 2023, resulting in a gain on disposal of $1.1 million [189]. - The company recognized an impairment of $19.3 million related to the RTD beverages asset group due to forecasted cash flow losses [186]. Financial Performance - Net sales for the year ended December 31, 2024, totaled $3,354.0 million, a decrease of $77.6 million or 2.3% compared to $3,431.6 million in 2023 [150]. - Gross profit as a percentage of net sales was 16.4% for 2024, down from 16.8% in 2023, primarily due to a voluntary recall impacting gross profit by 1.1 percentage points [152]. - Total operating expenses increased to $445.3 million in 2024 from $429.2 million in 2023, an increase of $16.1 million [153]. - Total other expense rose to $70.0 million in 2024, up from $63.5 million in 2023, primarily due to a decrease in interest income and unfavorable currency exchange impacts [154]. - Net income from continuing operations was $26.9 million in 2024, a decrease of $32.1 million or 54.4% compared to $59.0 million in 2023 [150]. - Adjusted EBITDA from continuing operations was $337.4 million in 2024, down from $365.9 million in 2023, a decrease of $28.5 million or 7.8% [149]. - The Company reported net sales of $3,354.0 million for the year ended December 31, 2024, with an adjusted net sales figure of $3,377.3 million [214]. - The gross profit as reported was $548.4 million, representing 16.4% of net sales, while the adjusted gross profit was $593.4 million, or 17.6% of adjusted net sales [214]. - The diluted earnings per share from continuing operations was $0.51, while the adjusted diluted earnings per share was $1.91 [214]. Customer Concentration - TreeHouse's ten largest customers accounted for approximately 57.1% of consolidated net sales in 2024, with Walmart Inc. representing 23.9% of those sales [30]. - For the year ended December 31, 2024, the company's ten largest customers accounted for approximately 57.1% of consolidated net sales, with Walmart Inc. and its affiliates representing about 23.9% [57]. Supply Chain and Operational Efficiency - The company is focused on building a world-class supply chain and investing in innovation pipelines to drive growth and category leadership [29]. - Recent macroeconomic challenges have softened private brands consumption, but the company aims to enhance supply chain efficiency to maximize profitable growth [32]. - The company has made considerable progress toward its long-term supply chain cost savings initiative goals, resulting in margin improvement [143]. - Industry-wide supply chain disruptions have improved, allowing the company to enhance service levels and capture demand for private brand food and beverage [143]. - The company continues to monitor elevated ingredient and packaging input costs, implementing pricing actions to recover inflationary costs as necessary [144]. Employee Relations and Development - As of December 31, 2024, the company employed approximately 7,400 full-time employees, with 6,000 in the United States and 1,400 in Canada [44]. - The company emphasizes a strong focus on employee learning and development, offering over 10,000 courses through its internal platform, DevelopU [48]. - The company has not experienced material interruptions in operations due to employee disputes and considers employee relations satisfactory [44]. - The company is committed to competitive pay and benefits, including a 401(k) retirement plan with matching contributions for U.S. employees [49]. - The company faces risks from labor shortages and increased labor costs, which have negatively impacted profitability [56]. Risks and Challenges - The company is dependent on third-party suppliers for manufacturing and packaging, which poses risks to operating results if not managed effectively [53]. - The company is subject to various risks, including supply chain disruptions and product liability claims, which could materially affect its financial condition [51]. - The company may face increased contributions to multiemployer pension plans due to a shrinking contribution base, which could adversely affect financial results [68]. - The company’s ability to service its debt may be limited by its financial condition and operating performance, which are subject to various external factors [81]. - The company faces significant competition in the food industry, which may require price reductions or increased marketing expenditures, adversely affecting margins and profitability [70]. - Input costs, including ingredients and packaging materials, have seen significant inflation, which could adversely affect earnings and operating margins [73]. - The company is exposed to fluctuations in foreign currency exchange rates, particularly with its Canadian subsidiaries, which may negatively impact earnings due to transaction gains and losses [87]. - The company’s operations are subject to risks associated with acquisitions and divestitures, which could impact financial results and business reputation [98]. - The company’s supply chain may be adversely affected by climate change, leading to increased costs for raw materials and potential disruptions in production [90]. Shareholder Activities - The company has experienced shareholder activism, which could result in significant costs and impact stock price [94]. - The company has authorized a $400 million stock repurchase program, replacing the previous authorization of $400 million from 2017, with $393.5 million remaining available for repurchases [119]. - The company repurchased 4.1 million shares of common stock for a total of $149.7 million during the year ended December 31, 2024 [119]. - The company repurchased approximately 1.7 million shares of common stock for a total of $61.0 million during the quarter ended December 31, 2024, at a weighted average price of $36.39 per share [120]. - The Company had 1,530 shareholders of record as of January 31, 2025, and does not anticipate paying cash dividends in the foreseeable future [117]. Environmental and Regulatory Commitments - The company has established a culture of Environmental, Health, and Safety (EHS) excellence, integrating safety into its management operating system [46]. - The company may face increased compliance costs and capital expenditures due to new regulations related to greenhouse gas emissions and water conservation [91]. - The company has made public commitments to reduce carbon emissions, which may require significant resources and could increase operational costs [93]. Debt and Financial Obligations - The company had $1,409.1 million of outstanding indebtedness as of December 31, 2024, including a $588.6 million term loan maturing on March 26, 2026, and $500.0 million of 4.0% notes due September 1, 2028 [81]. - The Company had $316.4 million outstanding under Term Loan A and $588.6 million under Term Loan A-1 as of December 31, 2024 [171]. - Estimated future interest payments on the Company's debt are expected to be $180.3 million, with $73.8 million due in 2025 [181]. - Long-term debt outstanding increased to $1,409.1 million as of December 31, 2024, from $1,405.6 million in 2023, driven by a $3.5 million rise in finance lease obligations [170]. - Capital expenditures for 2025 are estimated at approximately $125 million, following $139.7 million in 2024 [181].

TreeHouse Foods, Inc. (NYSE:THS) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Matt Siler - Investor Relations Steven Oakland - Chairman, Chief Executive Officer and President Patrick M. O’Donnell - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Matt Smith - Stifel Jon Andersen - William Blair Jim Salera - Stephens Inc. Rob Dickerson - Jefferies Carla Casella - J.P. Morgan William Reuter - Bank of America Operato ...

Q4 2024 Results and 2025 Outlook February 14, 2025 © 2025 TreeHouse Foods, Inc. 1 Forward Looking Statement From time to time, we and our representatives may provide information, whether orally or in writing, which are deemed to be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Litigation Reform Act"). These forward-looking statements and other information are based on our beliefs as well as assumptions made by us using information currently available. The ...

TreeHouse Foods (THS) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.06%. A quarter ago, it was expected that this food maker would post earnings of $0.74 per share when it actually produced earnings of $0.74, delivering no surprise.Over the last four quarters, the company has sur ...

Mr. Oakland continued, "As a result the board and management are executing a plan to drive more profitable business through the organization, including making strategic decisions on margin management on new and existing business with a goal of prioritizing gross profit dollars. We are also focused on additional efficiency opportunities across the organization that, along with declining levels of capex as we complete growth-related investments, can drive improved profitability and cash flow. We believe these ...

Fourth Quarter Net Sales and Adjusted EBITDA Met Guidance TreeHouse delivered fiscal year 2024 results: Net sales were $3,354.0 million Net income from continuing operations of $26.9 million Adjusted EBITDA1 was $337.4 million Fourth quarter results included: Net sales of $905.7 million Net income from continuing operations of $58.7 million Adjusted EBITDA1 of $118.3 million Issued initial fiscal year 2025 outlook for adjusted net sales in a range of $3.340 billion to $3.400 billion, adjusted EBITDA2 in ...

TreeHouse Foods, Inc. (THS) is likely to witness a top-line decline when it reports fourth-quarter 2024 earnings on Feb. 14. The Zacks Consensus Estimate for revenues is pegged at $904.85 million, indicating a 0.7% decrease from the prior-year quarter’s reported figure.The consensus mark for earnings has remained unchanged in the past 30 days at 97 cents per share, which suggests a 26% jump from the figure reported in the year-ago quarter. THS has a trailing four-quarter earnings surprise of 20.4%, on avera ...