8-K
filed May 6, 2024, 7:59 PM ET
CIK 0001320695
earnings
confidence high
sentiment neutral
materiality 0.55
TreeHouse Foods Q1 net sales $820.7M above guidance; net loss $11.7M
TreeHouse Foods, Inc.
2024-Q1 EPS reported
-$0.22
revenue$820,700,000
- Net sales $820.7M (beat guidance of $780-810M); net loss $11.7M vs net income $20.4M a year ago.
- Adjusted EBITDA $46.0M (guidance $45-55M), down from $91.3M in Q1 2023; broth facility restart hurt profitability.
- Reaffirmed FY2024 net sales guidance $3.43-3.50B, adjusted EBITDA $360-390M, free cash flow >= $130M.
- Repurchased ~$44M of common shares during Q1; $122.8M remaining under buyback authorization.
- Q2 guidance: net sales $770-800M, adjusted EBITDA $55-65M; expects sequential improvement in H2.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TreeHouse Foods, Inc. reported first quarter ended March 31, 2024 results: revenue $820.7 million, net income $(11.7) million.
- Period
- first quarter ended March 31, 2024
- Revenue
- $820.7 million
- Net income
- $(11.7) million
- Result
- reported results
Exact text from the filing
• Net sales of $820.7 million exceeded the Company's guidance range of $780 to $810 million. • Net loss from continuing operations was $(11.7) million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TreeHouse Foods, Inc. reported full year 2024 results: revenue $3.43 to $3.50 billion. Guidance reaffirmed.
- Period
- full year 2024
- Revenue
- $3.43 to $3.50 billion
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
TreeHouse reaffirmed its previously-issued full year 2024 guidance: • Net sales are expected in the range of $3.43 to $3.50 billion, which represents growth of approximately 0% to 2% year-over-year.
View on SEC.gov
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