Welcome to our dedicated page for Treehouse Foods news (Ticker: THS), a resource for investors and traders seeking the latest updates and insights on Treehouse Foods stock.
TreeHouse Foods (THS) is North America's leading private-label food manufacturer, providing retailers with quality snacks, beverages, and grocery products. This dedicated news hub offers investors and industry stakeholders centralized access to the company's latest developments, financial updates, and strategic initiatives.
Find timely updates on earnings reports, manufacturing innovations, supply chain advancements, and partnership announcements. Our curated collection ensures you stay informed about THS's operational milestones in private-label production, food safety protocols, and category expansion within the competitive food manufacturing sector.
Regularly updated content includes press releases about product line expansions, facility investments, and leadership updates. Bookmark this page to monitor how THS maintains its market leadership through operational efficiency and retailer-focused solutions in the private-label food space.
TreeHouse Foods, Inc. (NYSE: THS) announced an audio webcast for its second quarter earnings results conference call on August 8, 2022, at 8:30 a.m. ET. CEO Steve Oakland and Interim CFO Patrick O'Donnell will discuss the quarter's results and future outlook. An earnings release will be available before the market opens. The webcast can be accessed through the Investors section of the company's website, with slides published at 8:15 a.m. ET. TreeHouse is a leading manufacturer of private label food products, operating across 29 product categories in North America and Italy.
TreeHouse Foods (NYSE: THS) announced the resignation of Chief Financial Officer William J. Kelley Jr. to pursue another opportunity, effective June 30, 2022. Patrick O'Donnell, the current Chief Accounting Officer, will serve as interim CFO. The company reaffirms its 2022 guidance, projecting at least 11% net sales growth and adjusted EBITDA between $385 million and $415 million. The expected growth will primarily come from pricing, despite potential volume constraints due to labor and supply chain disruptions. CEO Steve Oakland expressed confidence in the company's strategic position and ongoing transformation.
TreeHouse Foods (THS) reported first-quarter 2022 net sales of $1.14 billion, a 7.9% increase year-over-year. However, the company faced a GAAP loss per diluted share of $(0.05) compared to earnings of $0.01 in 2021. Adjusted EBITDA decreased by 43.5% to $57.5 million due to inflationary pressures and supply chain issues, despite successful pricing strategies. The company reaffirmed its fiscal 2022 net sales guidance of at least 11% growth and adjusted EBITDA guidance of $385-$415 million. Labor and supply chain challenges are expected to affect profitability in the first half of 2022.
TreeHouse Foods, Inc. (NYSE: THS) has appointed Joseph E. Scalzo to its Board of Directors effective immediately. Scalzo brings over 30 years of experience in the consumer packaged goods industry, having led companies such as Atkins Nutritionals and Dean Foods. His extensive background is expected to enhance TreeHouse's strategic transformation, particularly in private label categories. Concurrently, John P. Gainor Jr. and Ashley Buchanan will resign from the Board effective April 30, 2022, due to personal commitments. Scalzo's appointment aims to drive growth and capitalize on opportunities in private label.
TreeHouse Foods has appointed Scott Ostfeld of JANA Partners to its Board of Directors, marking a strategic alliance as JANA holds about 9.2% of the company’s stock. This collaboration aims to enhance shareholder value amidst favorable market conditions. Ostfeld's extensive experience in investments will support the company's growth objectives, as emphasized by CEO Steve Oakland. The appointment reflects ongoing constructive engagement with JANA and aims for improved operational efficiency and market positioning.
TreeHouse Foods, Inc. (NYSE: THS) will host a webcast on May 9, 2022, at 8:30 a.m. ET to discuss its first quarter earnings results. CEO Steve Oakland and CFO Bill Kelley will provide insights and outlook for the year. An earnings release will be issued before the market opens on the same day, with accompanying slides available at 8:15 a.m. ET on the company's website. TreeHouse Foods specializes in private label foods and beverages in North America, operating approximately 40 facilities and offering various health-focused products.
TreeHouse Foods (NYSE: THS) today announced its strategic focus on growing its Snacking and Beverages business while exploring divestitures in its Meal Preparation segment. The Board decided against a full company sale, citing a complex business mix and current unfavorable economic conditions. The company reaffirms its 2022 guidance, targeting net sales growth of at least 11% year-over-year and adjusted EBITDA between $385 million and $415 million. Challenges in labor and supply chains are anticipated in the first half, with performance improvements expected in the latter half of the year.
TreeHouse Foods (THS) reported a fourth-quarter GAAP loss per diluted share of $(0.52) compared to earnings of $1.29 in Q4 2020. Adjusted earnings were $0.11, down from $1.07 year-over-year. Net sales were $1.17 billion, down 1% from last year, primarily due to supply chain disruptions impacting volume. The company anticipates at least 11% net sales growth in 2022, driven by pricing actions, although it expects challenges from labor and supply chain issues. A strategic review is ongoing, potentially leading to a sale or focus on the Snacking & Beverages sector.
TreeHouse Foods, Inc. (NYSE: THS) will hold an audio webcast on February 14, 2022, at 8:30 a.m. ET to discuss its fourth quarter earnings results. CEO Steve Oakland and CFO Bill Kelley will present the financial results and outlook for 2022. An earnings release will be issued prior to the market opening on the same day, with slides available at 8:15 a.m. ET. TreeHouse Foods is a leader in private label foods and beverages in North America.
TreeHouse Foods, Inc. (NYSE: THS) will present at the Bank of America Leveraged Finance Conference on November 30, 2021, at 9:00 a.m. ET. Senior management, including CEO Steve Oakland and CFO Bill Kelley, will lead the discussion. A live webcast can be accessed on the company’s website under the 'Investors' section. Presentation slides will follow the event, and a replay will be available for later viewing. TreeHouse Foods specializes in private label food and beverages across North America and Italy, emphasizing quality and affordability.
