Treehouse Foods - THS STOCK NEWS

TreeHouse Foods (NYSE: THS) reported Q2 2024 financial results.

Net sales reached $788.5 million, slightly down 1.9% YoY but above guidance. Net loss was $16.7 million compared to a net income of $22.4 million the previous year. Adjusted EBITDA was $70.6 million, surpassing guidance but down from $76.3 million YoY.

The company reaffirms its 2024 outlook with net sales expected between $3.43 to $3.50 billion and free cash flow of at least $130 million. Adjusted EBITDA guidance is narrowed to $360-$380 million. Share repurchase of $45 million was executed in Q2.

Factors contributing to financial performance include supply chain initiatives, broth facility restoration, and new distribution wins. However, increased operating expenses, non-cash impairment charges, and unfavorable market conditions impacted results.

TreeHouse Foods (NYSE: THS) has released its 2024 Environmental, Social & Governance (ESG) Report, highlighting progress made in 2023 towards its 2030 ESG Goals. As a leading private brands snacking and beverage manufacturer in North America, TreeHouse Foods has integrated ESG work throughout its value chain. Key achievements include:

• Reduced Scope 1 & 2 greenhouse gas emissions by 4.4%
• Reduced Food Loss & Waste by 16.2%
• Reduced water withdrawn in manufacturing operations by nearly 17%
• Increased employee engagement and expanded Employee Resource Group membership by 23%
• Increased use of RSPO-certified palm oil by 5%
• Increased use of post-consumer recycled content by 8%

The company also conducted a prioritization assessment to align its ESG strategy with stakeholder priorities and distributed a Responsible Supplier Survey to strategic suppliers.

TreeHouse Foods (NYSE: THS) will announce its second quarter 2024 financial results on August 5, 2024, before market open.

The company will host an earnings call and webcast at 8:30 a.m. ET to discuss the results and outlook for the year. An Earnings Presentation will be available on the company's investor relations website before the call, and a replay of the webcast will be accessible afterward.

TreeHouse Foods is a major private brands snacking and beverage manufacturer in North America, focused on delivering excellent service and growth for both the company and its customers.

TreeHouse Foods (NYSE: THS) announced its participation in key investor conferences in June 2024. On June 5, 2024, the company will present at the William Blair 44th Annual Growth Stock Conference in Chicago, Illinois, starting at 4:00 p.m. CT. The session will be available via a live audio webcast on the company's website, with a replay also accessible later.

Furthermore, TreeHouse Foods will be attending the Jefferies Consumer Conference in Nantucket, Massachusetts, on June 17-18, 2024, engaging in investor meetings throughout the event.

TreeHouse Foods is a prominent private brand snacking and beverage manufacturer in North America, focusing on customer engagement and delivering outstanding service.

TreeHouse Foods, Inc. reported net sales of $820.7 million for the first quarter of 2024, exceeding the guidance range of $780 to $810 million. The company's adjusted EBITDA was $46.0 million and it reaffirmed its 2024 annual guidance with net sales expected to be between $3.43 to $3.50 billion, adjusted EBITDA of $360 to $390 million, and free cash flow of at least $130 million. Despite a net loss from continuing operations of $(11.7) million, TreeHouse remains optimistic about its commercial pipeline and growth prospects.

TreeHouse Foods, Inc. (THS) will announce its first-quarter financial results on May 6, 2024. An earnings call and webcast will follow to discuss the results and future outlook.

TreeHouse Foods, Inc. (NYSE: THS) reported strong improvement in fiscal year 2023 results, with net sales of $3,431.6 million, a 4.1% increase from the prior year. Adjusted EBITDA reached $365.9 million, up by $74.2 million. The Company repurchased $100 million of shares in 2023 and issued an outlook for fiscal year 2024 with net sales projected at $3.43 to $3.50 billion, adjusted EBITDA of $360 to $390 million, and free cash flow of at least $130 million.

TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on February 16, 2024, to discuss the results for the fourth quarter and full year 2023 and its outlook for fiscal year 2024. An earnings release will be issued before the market opens on the same date, and the accompanying slides will be posted on the Company's website.

The J.M. Smucker Co. (NYSE: SJM) has closed the sale of its Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish, and McLarens® pickled onions brands to TreeHouse Foods, Inc. (NYSE: THS) for approximately $20 million USD. The divestiture is expected to have an immaterial impact on the company's adjusted earnings per share for the full year.