Treehouse Foods Stock Price, News & Analysis

An investment company indirectly held by Investindustrial VII L.P. has agreed to acquire significant portions of the meal preparation business from TreeHouse Foods (NYSE: THS). This business, generating approximately $1.6 billion in revenue in 2022, includes various private label food products. The acquisition is expected to finalize in Q4, subject to regulatory approvals. With the transaction, Investindustrial aims to enhance its global reach in the food sector, positioning itself as a leading supplier of private label products.

TreeHouse Foods (THS) reported a net sales increase of 19.4% to $1.20 billion in Q2 2022, primarily driven by 17.7% pricing and 2.1% volume growth. The Snacking & Beverages division saw 9.0% volume/mix growth, fueled by rising private label demand. However, the company experienced a net loss of $30.6 million, significantly higher than the $5.2 million loss in Q2 2021. Adjusted EBITDA dropped by 28.2% to $66.5 million. TreeHouse raised its fiscal 2022 net sales growth guidance to mid-to-high teens but reaffirmed adjusted EBITDA expectations of $385-$415 million.

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.