TreeHouse(US:THS)2025-02-14 15:11Q4 2024 and FY 2024 Performance - Q4 2024 Adjusted Net Sales reached $911 million and Adjusted EBITDA was $118 million, aligning with expectations[5] - FY24 Adjusted Net Sales were $338 billion, and Adjusted EBITDA was $337 million[10] - Q4 2024 Adjusted EBITDA margin was 130%, a 110 bps increase year-over-year[12, 35] - The company closed FY 2024 with Net Debt to Adjusted EBITDA of approximately 33x[44] 2025 Outlook - The company anticipates 2025 Adjusted EBITDA to be in the range of $345 million to $375 million, with flat Net Sales at the midpoint, and Free Cash Flow of at least $130 million[5] - The company projects 2025 Adjusted Net Sales to be between $3340 billion and $3400 billion, representing approximately -10% to +10% growth[48] - The company expects capital expenditures of approximately $125 million in 2025[48] Strategic Initiatives and Acquisitions - The company successfully executing supply chain, margin management and other efficiency initiatives to drive profitability improvement[5] - The company completed the acquisition of Harris Tea, which is expected to increase Net Sales by roughly 4% and Adjusted EBITDA in 2025[9] Griddle Business Update - The company initiated a voluntary recall of frozen griddle products manufactured at the Brantford, Ontario, Canada facility in October 2024[7] - The company began shipping frozen griddle product in Q1 2025, but no financial contribution is anticipated in the period[7]