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Treehouse Foods - THS STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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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TreeHouse Foods (NYSE: THS) has signed a definitive agreement to acquire the majority of Riviana Foods' U.S. branded pasta portfolio for $242.5 million. This acquisition includes brands such as Prince, Creamette, and American Beauty, which generated approximately $200 million in revenue for the year ending June 30, 2020. The transaction is expected to be accretive by $0.20 to $0.30 per share in the first year post-closing, with the leverage ratio remaining in the 3.0x to 3.5x range. The deal is anticipated to close in Q4 2020, subject to regulatory review.

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TreeHouse Foods will host a third quarter earnings conference call on November 5, 2020, at 8:30 a.m. ET. CEO Steve Oakland and CFO Bill Kelley will present results and outlook for the remainder of the year. An earnings release will precede the call, distributed before market opening on the same day, with slides available from 8:15 a.m. ET. The audio webcast can be accessed via the company's website. TreeHouse Foods is a leading provider of private label packaged foods in North America with extensive production facilities and a diverse product portfolio.

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TreeHouse Foods, Inc. (NYSE: THS) is conducting a voluntary recall of certain Chewy Granola Bars sold under the Signature Select brand due to a labeling error. The outer carton states Chocolate Chip, but some bars may contain Peanut Butter & Chocolate Chip, posing a serious risk for individuals with peanut allergies. The recall affects products distributed nationwide in various grocery stores and includes specific UPC codes and best by dates. Consumers are advised to dispose of or return the products for a refund. TreeHouse has received one report of an allergic reaction linked to the product.

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TreeHouse Foods, Inc. (NYSE: THS) has priced $500 million in 4.000% senior unsecured notes due in 2028, up from the initially planned $400 million. The offering, which matures on September 1, 2028, will close on September 9, 2020. Proceeds will be used to redeem $375.9 million of 4.875% senior notes due 2022, cover related transaction fees, and for general corporate purposes. The offering is not contingent on the redemption of the 2022 Notes. J.P. Morgan, BofA Securities, Wells Fargo, and BMO Capital Markets are managing the offering.

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TreeHouse Foods, Inc. (NYSE: THS) announced an offering of $400 million in senior unsecured notes due 2028. The net proceeds will primarily be used to redeem the $375.9 million outstanding principal of its 4.875% senior notes due 2022, along with related transaction fees. The offering, not contingent on the redemption, aims to strengthen TreeHouse's financial position. J.P. Morgan, BofA, Wells Fargo, and BMO are underwriting the notes. TreeHouse's operating vision includes providing affordable high-quality food and beverages through an extensive product portfolio.

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NYSE:THS

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1.11B
49.66M
0.9%
111.34%
4.03%
Packaged Foods
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
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United States
OAK BROOK