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, Inc. (NYSE: THS) is a private brands snacking and beverage manufacturer in North America, and the news flow around the company reflects both its operating performance and significant corporate developments. Company news frequently covers quarterly and annual financial results, where TreeHouse reports net sales, adjusted net sales, net income or loss, adjusted EBITDA and free cash flow, along with commentary on supply chain initiatives, pricing actions, product recalls and category trends affecting volume and mix.
Recent news has highlighted TreeHouse’s strategic actions, including the acquisition of a private brand tea business (Harris Tea), the decision to exit its ready‑to‑drink beverages business, and operational enhancement initiatives aimed at improving efficiency, cost savings and service levels. Press releases describe how the Harris Tea acquisition contributes to net sales and margins, while the RTD exit and product recalls, such as frozen griddle products, have influenced sales and volume patterns. Updates also discuss restructuring costs, non‑cash impairment charges, hedging impacts, interest expense and tax rate changes that affect reported earnings.
A major focus of TreeHouse news is the announced definitive agreement under which TreeHouse Foods will be acquired by an Investindustrial‑related entity in an all‑cash transaction. News coverage details the agreed per‑share cash consideration, the issuance of contingent value rights tied to litigation related to part of TreeHouse’s coffee business, the board’s unanimous approval of the transaction, and the expectation that TreeHouse will become a private company and its stock will cease to be listed on the New York Stock Exchange upon closing.
Investors and observers following THS news can expect regular earnings releases, updates on guidance and outlook, announcements regarding operational enhancement actions, and detailed communications about the progress of the planned merger with Investindustrial. This news page aggregates these items so readers can review financial performance, strategic moves and transaction‑related milestones in one place.
TreeHouse Foods (THS) reported Q1 2021 GAAP earnings per share of $0.01, a significant improvement from a loss of $0.58 in Q1 2020. Adjusted EPS was $0.36, down slightly from $0.37 last year. Revenue fell 2.5% to $1,057.3 million, driven by decreased retail demand post-pandemic pantry stocking. Despite challenges, the company maintained an adjusted gross profit margin of 18.1% and improved its capital structure through debt redemption. TreeHouse reaffirmed guidance for 2021 adjusted EPS of $2.80 to $3.20 and net sales of $4.40 to $4.60 billion.
TreeHouse Foods (NYSE: THS) announced the departure of Senior VP and COO Shay Braun, effective April 30, 2021, to join Select Milk as President. Craig McCutcheon, also a Senior VP, will take over Braun's responsibilities temporarily, overseeing operations, supply chain, and food safety, while reporting directly to CEO Steve Oakland. The company is engaging an external firm to find a permanent replacement. CEO Oakland expressed gratitude for Braun's contributions and confidence in the management team to continue driving growth and value during this transition.
TreeHouse Foods, Inc. (NYSE: THS) will hold an audio webcast for its first quarter earnings results on May 6, 2021, at 8:30 a.m. ET. CEO Steve Oakland and CFO Bill Kelley will discuss financial outcomes and the 2021 outlook. An earnings release will be available before the market opens on the same day, along with accompanying slides accessible at 8:15 a.m. ET. TreeHouse Foods is a leading manufacturer of private label food and beverages across North America and Italy, operating around 40 production facilities.
TreeHouse Foods (NYSE: THS) announced a new commercial leadership structure effective April 1, 2021, aimed at enhancing customer relationships. Kevin G. Jackson has been confirmed as the permanent Chief Commercial Officer while also leading the Snacking & Beverages division. Sean Lewis has been promoted to Senior Vice President and Chief Customer Officer. CEO Steve Oakland emphasized that these changes reflect a commitment to customer-centric operations and strategic revenue goals. Both leaders bring extensive experience to their roles, with Jackson joining from J.M. Smucker and Lewis from Kraft Heinz.
TreeHouse Foods (NYSE: THS) has announced the election of Ann M. Sardini as the new Chair of the Board, effective from the April 2021 Annual Meeting. She succeeds Gary D. Smith, who will continue as a Board member. Sardini, an independent director since May 2008, brings extensive strategic and financial expertise to her new role. She has a background in leading transformation and advising on growth strategies across various sectors, including retail and media. The company aims to enhance its value and diversity under her leadership.
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.
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