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TreeHouse Foods, Inc. (NYSE: THS) is a major private label food and beverage manufacturer in North America. The company focuses on producing high-quality food products including snacks (crackers, pretzels, cookies), beverages (nondairy creamer, coffee, tea), and various grocery items (pickles, refrigerated dough, hot cereal, cheese, pudding). The primary sales channel for TreeHouse Foods is retail grocery stores, where products are sold under the retailers' brands. Other channels include co-manufacturing and foodservice.
Founded with a strategic vision and a commitment to quality, TreeHouse Foods has grown significantly over the years. In 2016, TreeHouse acquired Ralcorp, Conagra's former private-label business, marking a major expansion. However, the company has since streamlined its operations, divesting several businesses to focus on high-growth categories.
Recently, TreeHouse Foods signed a definitive agreement with The J.M. Smucker Co. to acquire the Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish, and McLarens® pickled onions brands for approximately $20 million. This acquisition will enhance TreeHouse Foods' presence in the pickles category and provide entry into the Canadian market.
TreeHouse's financial health demonstrates resilience and strategic growth. The company reported a 3.6% increase in net sales for Q3 2023, totaling $863.3 million, driven by the acquisition of Coffee Roasting Capability and favorable pricing. Despite some challenges such as a voluntary product recall, TreeHouse expanded its gross margin and achieved a 13% year-over-year increase in adjusted EBITDA.
As of Q4 2023, TreeHouse Foods further reported net sales of $910.8 million. The company faced some challenges due to supply chain disruptions, but it continues to focus on strengthening its portfolio and enhancing capabilities, particularly in the private brands market which has seen significant growth.
The company's latest financial results indicate a solid start to fiscal 2024, with net sales of $820.7 million for Q1 2024. TreeHouse is making strides in its commercial pipeline, despite a challenging consumer environment and some operational hurdles.
As a leader in the private label sector, TreeHouse Foods remains committed to delivering excellent service to its customers and creating long-term value for its shareholders through strategic investments and operational efficiencies.
TreeHouse Foods, Inc. (NYSE: THS) announced the appointment of two independent directors, John P. Gainor Jr. and Kenneth I. Tuchman, to its Board effective March 2, 2021. This follows an agreement with JANA Partners LLC, which holds approximately 7.4% of TreeHouse's shares. Both directors bring extensive industry experience and are expected to contribute to the company's growth strategy. The Board will temporarily expand to 14 members, aiming to enhance shareholder value as TreeHouse continues its transformation and addresses its current share price concerns.
TreeHouse Foods, Inc. (NYSE: THS) will webcast its presentation at the virtual Consumer Analyst Group of New York (CAGNY) Conference on February 18 at 11:50 a.m. Eastern. CEO Steve Oakland and CFO Bill Kelley will discuss company strategy, 2020 results, and 2021 outlook. The pre-recorded video and presentation slides will be available on the TreeHouse Foods website under Investors, Events & Presentations. The company, a leading manufacturer of private label packaged foods in North America, operates approximately 40 production facilities and aims to provide affordable high-quality food.
TreeHouse Foods (NYSE: THS) reported fourth quarter 2020 results with a GAAP earnings per diluted share of $1.29, up from $0.27 in Q4 2019. Adjusted EPS was $1.07, slightly down from $1.10 in the prior year. Net sales rose to $1.18 billion, a 3.3% increase, driven by 4.0% organic growth. The company noted challenges due to COVID-19 but showed resilience through strong free cash flow of $298 million. Looking ahead, THS forecasts 2021 adjusted EPS between $2.80 and $3.20 and plans to implement pricing actions to combat inflation.
TreeHouse Foods (THS) addressed JANA Partners' 13D filing regarding the nomination of three directors. The company emphasized constructive dialogue with JANA, highlighting their support for TreeHouse’s growth strategies and the acquisition of Riviana. TreeHouse confirmed its commitment to board diversity and has refreshed its board with independent directors. The Board's Nominating and Corporate Governance Committee will review JANA's nominees. An earnings update is expected soon, with a focus on enhancing shareholder value.
TreeHouse Foods, Inc. (NYSE: THS) will host a webcast for its fourth quarter earnings results on February 11, 2021, at 8:30 a.m. ET. CEO Steve Oakland and CFO Bill Kelley will discuss earnings and the 2021 outlook. An earnings release will be available before market opening on the same date, along with presentation slides at approximately 8:15 a.m. ET. TreeHouse Foods specializes in private label packaged foods, operating nearly 40 facilities in North America and Italy, focusing on quality and affordability.
TreeHouse Foods (NYSE: THS) has released its 2020 Environmental, Social & Governance (ESG) Report, showcasing significant strides in sustainability goals, including a 21% reduction in carbon emissions and a 6% decrease in water intensity from 2016 to 2019. The company has also introduced Agenda 2025, focusing on five areas: ESG integration, transparency, responsible supply chain, employee welfare, and sustainable packaging. These initiatives aim to enhance stakeholder communication and address social and environmental challenges amid global issues. More details are available on their corporate website.
TreeHouse Foods (THS) has successfully completed the acquisition of Ebro's Riviana Foods U.S. branded pasta business for $242.5 million in cash. This acquisition is expected to enhance TreeHouse's portfolio and customer service capabilities. The company anticipates that the acquisition will be accretive by $0.20 to $0.30 per share in the first year, with expected normalized revenue between $170 million and $180 million and normalized EBITDA of $25 million to $30 million. The deal includes several regional pasta brands and a St. Louis manufacturing facility.
TreeHouse Foods (NYSE: THS) has appointed two independent directors, Jill Rahman and Ashley Buchanan, to its Board, aiming to enhance strategic governance. Rahman, with over 30 years in consumer packaged goods, and Buchanan, a retail executive with Walmart experience, are expected to bring valuable insights to the company. The board is set to expand to 12 members temporarily, with nine directors anticipated to seek reelection at the 2021 Annual Meeting. These appointments align with the company's commitment to governance and preparing for management transitions.
TreeHouse Foods, Inc. (NYSE: THS) reported Q3 2020 earnings per diluted share of $0.20, a recovery from a loss of $(1.08) in Q3 2019. Adjusted EPS was $0.71, up from $0.55. Q3 revenue totaled $1.05 billion, reflecting a 0.7% organic growth. The Snacking & Beverages division saw a 5.2% organic sales increase, while Meal Preparation experienced a 2.1% decline. TreeHouse plans to acquire Ebro's U.S. branded pasta business, enhancing its portfolio. The company tightened its full-year revenue guidance to $4.20-$4.40 billion and expects adjusted earnings per diluted share of $2.65 to $2.75.
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