Core Viewpoint - TreeHouse Foods, Inc. is actively participating in investor conferences in June 2025, indicating a commitment to engaging with investors and showcasing its growth potential [1][2]. Group 1: Investor Conferences - TreeHouse Foods will participate in the William Blair 45th Annual Growth Conference on June 4, 2025, with a presentation scheduled for 8:40 a.m. CT and will offer 1x1 meetings [1]. - The company will also attend the Jefferies Consumer Conference on June 17, 2025, providing opportunities for 1x1 meetings [2]. Group 2: Company Overview - TreeHouse Foods is a leading manufacturer of private brands in the snacking and beverage sectors in North America, focusing on customer engagement and satisfaction [3]. - The company aims to deliver excellent service and build capabilities to drive profitable growth for both itself and its customers, supported by investments in operational efficiencies [3].

Financial Performance - Net sales for Q1 2025 were $792.0 million, a decrease of 3.9% compared to $820.7 million in Q1 2024[11] - Gross profit increased to $115.2 million in Q1 2025, up from $112.0 million in Q1 2024, resulting in a gross margin of 14.5%[11] - The net loss for Q1 2025 was $31.8 million, compared to a net loss of $11.7 million in Q1 2024, reflecting a significant increase in losses[11] - Operating loss for Q1 2025 was $5.5 million, compared to an operating loss of $5.2 million in Q1 2024[11] - Interest expense increased to $19.3 million in Q1 2025, up from $15.6 million in Q1 2024[11] - The company reported a comprehensive loss of $31.6 million for Q1 2025, compared to a comprehensive loss of $14.3 million in Q1 2024[13] - Adjusted EBITDA increased by $11.5 million or 25.0% to $57.5 million in Q1 2025 from $46.0 million in Q1 2024[118] - Adjusted net income improved to $1.5 million in Q1 2025, compared to a loss of $1.8 million in Q1 2024, representing a change of $3.3 million or 183.3%[118] Assets and Liabilities - Total current assets decreased to $775.5 million as of March 31, 2025, down from $1,009.7 million at the end of 2024[9] - Total liabilities decreased slightly to $2,408.4 million as of March 31, 2025, compared to $2,431.1 million at the end of 2024[9] - Cash and cash equivalents dropped significantly to $16.4 million at the end of Q1 2025, down from $289.6 million at the end of 2024[9] - The outstanding accounts receivable sold under the Receivables Sales Program was $282.5 million as of March 31, 2025, down from $375.0 million at December 31, 2024[37] - The company reported total inventories of $589.2 million as of March 31, 2025, an increase from $539.3 million at December 31, 2024[39] - Total property, plant, and equipment as of March 31, 2025, was $1,617.9 million, with accumulated depreciation of $860.4 million[49] - Goodwill increased from $1,819.3 million at December 31, 2024, to $1,889.1 million at March 31, 2025, primarily due to an acquisition[50] Restructuring and Costs - The company incurred total costs of $18.3 million related to restructuring programs for the three months ended March 31, 2025, compared to $6.7 million for the same period in 2024, reflecting a significant increase[33] - The company expects total costs related to the exit of the Ready-to-drink business to be approximately $5.0 million, with cumulative costs incurred to date at $3.8 million[28] - The company announced the closure of its New Hampton facility, expecting total costs related to this closure to be approximately $13.0 million, with $3.2 million incurred for the three months ended March 31, 2025[29] - The company expects to incur approximately $14.0 million in total costs related to the closure of its Dallas facility, with cumulative costs incurred to date at $12.9 million[31] - Employee-related costs associated with restructuring programs amounted to $10.1 million for the three months ended March 31, 2025, compared to $2.6 million for the same period in 2024[33] Acquisitions - The company completed the acquisition of Harris Tea for approximately $207.6 million, with net sales of $38.6 million and income before income taxes of $1.9 million from the acquisition included in the financial statements[40][41] - The company recognized $69.7 million of goodwill from the acquisition of Harris Tea, primarily due to growth opportunities and customer synergies[42] - The acquisition of Pickle Branded Assets was completed on January 2, 2024, for a total consideration of approximately $25.9 million in cash[47] - The purchase price allocation for the Pickle Branded Assets included $25.2 million for inventories and $0.7 million for trademarks[48] Debt and Financing - Total outstanding debt as of March 31, 2025, was $1,434.3 million, an increase from $1,409.1 million at December 31, 2024[54] - The Company incurred a loss on extinguishment of debt totaling $2.6 million during the quarter ended March 31, 2025[57] - As of March 31, 2025, the Company had $25.0 million drawn from its $500.0 million Revolving Credit Facility, with remaining availability of $443.1 million[58] - The Company entered into a $480.0 million Term Loan A on January 17, 2025, with a maturity date of January 17, 2030[61] - Deferred financing costs amounted to $11.5 million as of March 31, 2025, up from $6.7 million at December 31, 2024[65] Stock and Compensation - The company authorized a $400 million stock repurchase program, with $393.5 million remaining available as of March 31, 2025[66] - For the three months ended March 31, 2025, TreeHouse Foods repurchased no shares, while 1.2 million shares were repurchased in the same period of 2024 at an average price of $36.61 per share[67] - Total compensation expense related to stock-based payments was $5.6 million for the three months ended March 31, 2025, compared to $5.7 million in 2024[71] - The fair value of vested restricted stock units was $8.3 million for the three months ended March 31, 2025, down from $8.8 million in 2024[75] - Unrecognized compensation costs related to nonvested performance units were approximately $11.0 million as of March 31, 2025, expected to be recognized over 2.1 years[80] Cash Flow - Cash flows used in operating activities were $53.5 million for Q1 2025, compared to $52.4 million in Q1 2024[18] - Free cash flow for the three months ended March 31, 2025, was $(75.3) million, compared to $(80.5) million for the same period in 2024[159] - Net cash used in investing activities surged to $231.1 million in Q1 2025, primarily due to a $209.3 million acquisition of a private brand tea business[132] Other Financial Metrics - The effective tax rate for the three months ended March 31, 2025, was 27.1%, compared to 23.5% for the same period in 2024[52] - The company recorded a product recall liability of $12.8 million as of March 31, 2025, up from $9.6 million as of December 31, 2024, due to a voluntary recall of frozen waffle products[84] - The company recognized a total unrealized loss of $17.0 million on derivative contracts for the three months ended March 31, 2025, compared to a gain of $7.0 million for the same period in 2024[97] - The company operates one reportable segment focused on manufacturing and distributing private brand food and beverages primarily in North America[98] - The company is seeking to recover recall-related costs through insurance coverage, with the total actual costs subject to uncertainties[85]

TreeHouse Foods, Inc. (THS) reported first-quarter 2025 results with the top and bottom lines surpassing the Zacks Consensus Estimate. Although net sales declined year over year amid economic headwinds, the company’s earnings improved. Management maintained its full-year guidance.TreeHouse Foods’ Quarterly Performance: Key InsightsTreeHouse Foods posted adjusted earnings of 3 cents per share, surpassing the Zacks Consensus Estimate, which was pegged at a loss of 21 cents. The bottom line improved from a los ...

Financial Data and Key Metrics Changes - The company achieved adjusted net sales down approximately 3% year over year, with adjusted EBITDA of $57,500,000, which was up 25% year over year [17] - Adjusted EBITDA margin was 7.2%, an increase of 160 basis points compared to the previous year [18] - Adjusted EBITDA benefited from a $6,000,000 timing shift of expenses from Q1 to Q2 [4][23] Business Line Data and Key Metrics Changes - The decline in volume and mix was attributed to planned margin management actions, service impacts from the restoration of the griddle facility, and slower takeaway later in the quarter [18] - The acquisition of Harris Teas contributed nearly 5% to sales, aligning with expectations [18] - Pricing adjustments provided a benefit of approximately 1% primarily in the coffee business [18] Market Data and Key Metrics Changes - Private brand unit sales were slightly negative in the quarter due to consumer pressure and the Easter holiday shift, but categories showed some recovery in April [9] - The private brand industry dynamics remain favorable, with healthy price gaps and continued market share gains over national brands [10] Company Strategy and Development Direction - The company is focused on margin improvement plans and controlling operational factors to drive profits and cash flow [5] - Strategic investments in private brands are being made by grocery retailers, indicating growth opportunities for the company [11] - The company aims to deliver $250,000,000 in gross supply chain savings through 2027, with a focus on profitability and cash flow [13] Management's Comments on Operating Environment and Future Outlook - The operating environment is more dynamic than anticipated, but the company is focused on executing plans to drive profits [5] - Management expressed confidence in the potential upside from private label growth due to consumer demand for value [30] - The company reiterated its full-year adjusted net sales guidance of a decline of 1% to growth of 1% year over year [22] Other Important Information - The company is managing its cost structure by streamlining operations and reducing management layers to enhance decision-making [14] - The decision to close the new Hampton facility is part of a strategy to optimize production efficiency [15] Q&A Session Summary Question: How is macro uncertainty affecting consumer demand for private label? - Management noted that any shift towards private label would be considered upside in their sales guidance, as consumers are seeking value [30] Question: What is the expected impact of margin management actions on the full year? - Management indicated that organic volume and mix are expected to decline about 1% for the full year, with margin management actions impacting this [33] Question: How are decisions made regarding bids that do not meet margin targets? - Management clarified that the focus is on aligning production capacity with customer needs rather than being pressured by retailers for lower prices [39] Question: What are the expectations for snacking categories in the current environment? - Management acknowledged some pressure in snacking categories but noted that consumers are still snacking, with expectations for recovery in the back half of the year [46] Question: How is the refill of the griddle pipeline progressing? - Management reported that all lines are running and that the benefits from the griddle pipeline will be realized in the second half of the year [54] Question: What is the company's target for leverage and its impact on share repurchases? - Management confirmed that the target remains at 3% to 3.5%, with plans to rebuild cash position before reevaluating share repurchase options [57]

TreeHouse Foods (THS) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.21 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 114.29%. A quarter ago, it was expected that this food maker would post earnings of $0.97 per share when it actually produced earnings of $0.95, delivering a surprise of -2.06%. Over the last four quarters, t ...

Financial Data and Key Metrics Changes - The company achieved adjusted net sales within guidance range, with adjusted EBITDA exceeding the upper end of guidance by approximately $6 million due to planned expense shifts [4][5] - Adjusted net sales decreased by approximately 3% year over year, while adjusted EBITDA increased by 25% to $57.5 million, resulting in an adjusted EBITDA margin of 7.2%, up 160 basis points from the previous year [15][16] Business Line Data and Key Metrics Changes - The decline in volume and mix was attributed to planned margin management actions, service impacts from the griddle facility restoration, and slower takeaway later in the quarter [16] - The acquisition of Harris Teas contributed nearly 5% to sales, while pricing adjustments provided a benefit of approximately 1% [16][17] Market Data and Key Metrics Changes - Private brand unit sales were slightly negative in the quarter due to consumer pressure and the timing of the Easter holiday, but categories showed some recovery in April [8][9] - The private brand industry dynamics remain favorable, with healthy price gaps allowing private brands to gain market share in a lower consumption environment [9][10] Company Strategy and Development Direction - The company is focused on strengthening its supply chain, margin management initiatives, and restoring production levels in key categories while pursuing profitable new business opportunities [22] - Strategic decisions have been made to streamline operations, including reducing management layers and consolidating divisions to enhance efficiency and decision-making [13][14] Management Comments on Operating Environment and Future Outlook - The operating environment is more dynamic than anticipated, but the company is committed to controlling its operations and executing plans to drive profits and cash flow [5] - The full-year adjusted net sales guidance is reiterated at a decline of 1% to growth of 1%, with expectations of a mid-single-digit decline in organic volume and mix for the second quarter [19][21] Other Important Information - The company has visibility to deliver $250 million in gross supply chain savings through 2027, with significant recent success in procurement [12] - The company is focused on maintaining a balance sheet that supports its net debt to adjusted EBITDA ratio, aiming for a target range of 3% to 3.5% [52][53] Q&A Session Summary Question: How is macro uncertainty affecting consumer demand for private label? - Management noted that any shift towards private label would be upside in their numbers, as consumers are seeking value and the quality and price gaps for private labels are favorable [27][28] Question: What should be expected regarding margin management activity? - Management indicated that organic volume and mix are expected to decline about 1% for the full year, with margin management actions impacting the top line [30][31] Question: How are decisions made regarding bids that do not meet margin targets? - Management explained that the focus is on aligning capacity with customer needs, streamlining product offerings, and enhancing operational efficiency rather than being pressured by retailers [37][38] Question: What are the thoughts on snacking categories and their performance? - Management acknowledged some pressure in snacking categories but noted that consumers are still snacking, with expectations for improvement in the back half of the year due to seasonality and recovery of the griddle plant [42][45] Question: How is the refill of the griddle pipeline progressing? - Management reported that all lines are running and while it will take time to fill the customer pipeline, they expect benefits to materialize in the second half of the year [49][50] Question: What is the focus regarding capital allocation and leverage goals? - Management confirmed that the target leverage remains at 3% to 3.5%, with plans to rebuild cash positions and reevaluate options for capital deployment later in the year [52][53]

Q1 Results and 2025 Outlook May 6, 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 words "bel ...

Exhibit 99.1 TreeHouse Foods, Inc. Reports First Quarter 2025 Results First Quarter Adjusted EBITDA Exceeds Upper-End of Guidance Range Reiterates 2025 Outlook Oak Brook, IL, May 6, 2025 — TreeHouse Foods, Inc. (NYSE: THS) today reported financial results for the first quarter of 2025. "I am grateful to the entire TreeHouse team for its execution this quarter, which resulted in Adjusted EBITDA that exceeded the upper-end of our guidance range," said Steve Oakland, Chairman, Chief Executive Officer, and Pres ...

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Core Viewpoint - TreeHouse Foods, Inc. (THS) is expected to report declines in both revenue and adjusted loss for the first quarter of 2025, with revenue estimated at $789.6 million, reflecting a 3.8% decrease year-over-year [1] Group 1: Performance Expectations - The Zacks Consensus Estimate for quarterly adjusted loss has been narrowed to 21 cents per share, indicating a significant decline from the previous year's figure [1] - The company has a trailing four-quarter earnings surprise average of 17.8%, but in the last reported quarter, it lagged the Zacks Consensus Estimate by 2.1% [1] Group 2: Factors Influencing Performance - Ongoing operational disruptions and macroeconomic headwinds are likely to negatively impact THS's first-quarter performance, particularly due to a frozen griddle product recall at the Brantford facility [2] - Weak private label consumption trends amid broader consumer spending pressures are expected to further affect performance [3] - Strategic margin management actions, including exiting low-margin contracts, are anticipated to have intentionally reduced volume, compounding negative impacts on revenue [3] Group 3: Profitability Challenges - Lower volumes are hurting operating leverage, making it difficult for the company to absorb fixed costs, which compresses gross margin [4] - One-time recall-related costs, including plant sanitation and restart costs, are also exerting pressure on profitability [4] Group 4: Guidance and Initiatives - For the first quarter, TreeHouse Foods expects adjusted net sales of at least $792 million and adjusted EBITDA of at least $52 million, indicating potential gains from cost-saving initiatives [5] - The company is focused on implementing the TreeHouse Management Operating System and other supply-chain initiatives to improve execution and enhance margin performance [6] Group 5: Earnings Prediction - The Zacks model predicts an earnings beat for TreeHouse Foods, supported by a positive Earnings ESP of +63.42% and a Zacks Rank of 3 (Hold) [7]