TreeHouse Foods tightened its full-year outlook today (6 November) but booked a drop in third-quarter earnings, as one-time charges dented the bottom line.

Reported net earnings fell to US$19.88m in the third quarter to 30 September, down from $22.65m in the prior year period. The US private-label company registered charges related to acquisition and integration expenses, as well as a foreign currency loss on the translation of inter-company notes.

Shares in the group were down 1.59% to $83.78 at 12:41 ET.

However, on an adjusted basis, TreeHouse earnings were up 8.5%. Adjusted EBITDA was $103.5m, a 32.7% increase compared to the prior year.

Net sales also rose, reaching $795.7m, compared to $567.2m last year, an increase of 40.3%. TreeHouse attributed the gains to “sales from acquisitions and favourable volume/mix”.

The company tightened its full-year EPS range to $3.60-$3.70 from $3.60-$3.75.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

TreeHouse CEO Sam Reed said he was “extremely impressed” with the quality of recent acquisitions, which have included Protenergy Natural Foods and Flagstone Foods. The company remains on the lookout for further M&A to drive growth, he added.

“The acquisition environment remains robust, and we continue to evaluate potential strategic prospects. The opportunity to consolidate the private-label landscape remains attractive, and we expect to finish the year with substantial availability under our credit facility,” Reed said.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now