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TreeHouse Foods Inc (THS.N)

THS.N on New York Stock Exchange

50.09USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Treehouse Foods Successfully Completes Amendment To Credit Agreement
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Treehouse Foods Inc ::TREEHOUSE FOODS SUCCESSFULLY COMPLETES AMENDMENT TO CREDIT AGREEMENT.TREEHOUSE FOODS INC - HAS EXECUTED AN AMENDMENT AND EXTENSION OF ITS EXISTING SENIOR UNSECURED CREDIT FACILITY, EFFECTIVE DECEMBER 1, 2017.TREEHOUSE FOODS INC - AS AMENDED, SENIOR UNSECURED CREDIT FACILITY NOW INCLUDES A REVOLVING CREDIT FACILITY AND TWO TERM LOANS.TREEHOUSE FOODS INC - AMENDMENT RESIZES REVOLVER FROM $900 MILLION TO $750 MILLION DUE 2023.TREEHOUSE FOODS INC - AMENDED CREDIT FACILITY HAS $1.65 BILLION OF CREDIT MATURING IN 2023 AND $500 MILLION OF CREDIT MATURING IN 2025.  Full Article

Robert Aiken resigns as president of Treehouse Foods Co
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Treehouse Foods Inc :Robert Aiken resigns as president of Treehouse Foods; company to initiate chief executive officer search.Treehouse Foods Inc - ‍treehouse chairman and chief executive officer Sam Reed will assume role of president​.Treehouse Foods Inc - ‍as part of board approved search process, company will retain a leading executive search firm to identify ceo candidates​.  Full Article

Treehouse Food announces $400 mln share repurchase authorization
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Treehouse Foods Inc :Treehouse Foods Inc. announces $400 million share repurchase authorization.Treehouse Foods Inc - ‍new share repurchase program represents approximately 10 pct of company's shares outstanding​.Treehouse - ‍plans to implement 10b5-1 program in order to repurchase shares required to offset dilutive impact on earnings from equity-based compensation​.  Full Article

Treehouse Foods reports Q3 GAAP earnings per share $0.50
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Treehouse Foods Inc :Treehouse Foods, Inc. reports third quarter 2017 results, revises full year guidance and announces a $400 million share repurchase.Q3 adjusted earnings per share $0.67.Q3 GAAP earnings per share $0.50.Q3 sales $1.5 billion versus I/B/E/S view $1.52 billion.Lowers FY 2017 adjusted earnings per share view to $2.70 to $2.80.Q3 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.Lowers Q4 adjusted earnings per share view to $0.91 to $1.01.Sees Q3 2017 earnings per share $0.50.Treehouse Foods Inc - ‍Announces $400 million share repurchase authorization representing approximately 10% of shares outstanding​.‍Treehouse announces $400 million share repurchase authorization representing approximately 10% of shares outstanding​.FY2017 earnings per share view $3.18 -- Thomson Reuters I/B/E/S.Treehouse Foods - On track for phase 1 of 2020 restructuring program, consists of closure of two manufacturing facilities and downsizing of another​.  Full Article

Treehouse Foods posts Q4 adjusted earnings per share $1.14
Thursday, 9 Feb 2017 

Treehouse Foods Inc : Treehouse Foods, Inc. reports fourth quarter 2016 results and provides outlook for 2017 . Q4 adjusted earnings per share $1.14 . Q4 GAAP loss per share $4.96 . Q4 sales $1.777 billion versus I/B/E/S view $1.73 billion . Q4 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $3.50 to $3.70 . Sees Q4 sales $1.8 billion . Sees Q4 sales up 105.3 percent . Treehouse Foods Inc- for FY 2017, net interest expense is expected to increase to $123 to $127 million . Treehouse Foods Inc - net sales are expected to increase in 2017 to approximately $6.4-$6.6 billion . Treehouse Foods Inc- in 2017, company believes overall food industry will continue to face volatility and overall top line growth for industry will be relatively flat . Treehouse Foods Inc sees 2017 gross margin is expected to be in a range of 19.5 pct to 20.5 pct . Treehouse Foods Inc - sees 2017 gross margin is expected to be in a range of 19.5 pct to 20.5 pct . FY2017 earnings per share view $3.62, revenue view $6.43 billion -- Thomson Reuters I/B/E/S . Net interest expense is expected to increase to $123 to $127 million in 2017 . Sees Q1 2017 earnings per share $0.60 to $0.70 .Q1 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.  Full Article

Treehouse Foods CFO Dennis Riordan to retire
Thursday, 4 Aug 2016 

Treehouse Foods Inc : Treehouse foods cfo dennis riordan to retire . Treehouse foods cfo dennis riordan to retire . Has initiated an executive search to identify a new cfo, and riordan will be an active participant in search process .Riordan will remain with company to provide a smooth transition of his responsibilities.  Full Article

Treehouse Foods Q2 adj earnings per share $0.54 excluding items
Thursday, 4 Aug 2016 

Treehouse Foods Inc : Treehouse foods, inc. Reports second quarter 2016 results . Q2 gaap earnings per share $0.27 . Q2 adjusted earnings per share $0.54 excluding items . Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Sees Q3 gaap and adjusted earnings per share $0.75 to $0.80 . Reaffirms full year 2016 EPS guidance and provides q3 2016 outlook . Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S .Fy2016 earnings per share view $3.07 -- Thomson Reuters I/B/E/S.  Full Article

Treehouse Foods appoints Linda Massman to board of directors
Friday, 29 Jul 2016 

Treehouse Foods Inc : Appoints Linda Massman to the board of directors .Has expanded its board from eight to nine members with appointment of Linda Massman.  Full Article

Treehouse Foods to close two manufacturing plants
Tuesday, 24 May 2016 

Treehouse Foods Inc : Treehouse foods announces plans to close Azusa, CA and Ripon, WI facilities . Azusa, California facility has approximately 660 employees . Treehouse Foods Inc says full facility closure and end of production at Azusa is expected to occur in Q2 of 2017 . Total costs to close Azusa and Ripon facilities are expected to be approximately $17.0 million, or $0.19 per fully diluted share . Treehouse Foods Inc says full facility closure and end of production at Ripon is expected to occur in q4 of 2016 . Does not expect supply disruptions during transition. . Expects approximately $1.1 million of charges to be incurred in Q2 of this year . After evaluating various options, company has decided to discontinue sugar wafer products due to declining demand . Full facility closure and end of production at Ripon is expected to occur in Q4 of 2016 .Expects approximately charges of $4.0 million on a quarterly basis beginning in Q3 of 2016 through Q2 of 2017.  Full Article

TreeHouse Foods Inc - Bay valley Foods to close Ayer, Massachusetts facility - Reuters News
Tuesday, 5 Apr 2016 

TreeHouse Foods Inc:Bay Valley Foods announces plans to close Ayer, Massachusetts facility.Production is expected to cease in Q1 of 2017 with full closure of facility expected in Q3 of 2017.Bay Valley Foods says Ayer facility has approximately 100 employees.Company expects to incur approximately $1.3 million in charges in each of second, third and fourth quarters of 2016.Facility closure decision result of ongoing manufacturing network analysis to maintain competitive costs, service levels,product quality.Company does not expect supply disruptions during transition.Costs to close facility expected to be about $6.5 million , or $0.07 per fully diluted share.Of total costs, about $5.3 million , or $0.06 per fully diluted share, is expected to be in cash.  Full Article