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TreeHouse Foods, Inc. Reports Second Quarter 2021 Results

TreeHouse Foods, Inc. Reports Second Quarter 2021 Results
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TreeHouse Foods, Inc. Reports First Quarter 2021 Results

Delivered Strong Q1 Profitability Despite Challenging Macro Conditions
Improved Capital Structure through Redemption of 2024 Notes and Credit Facility Refinancing
HIGHLIGHTS
- Revenue of $1.06 billion, gross profit margin of 17.1% and adjusted gross profit margin of 18.1%.
- Earnings per diluted share from continuing operations was $0.01 compared to a loss of $(0.58) for the same period in 2020.
- Adjusted earnings per diluted share from continuing operations was $0.36 compared to $0.37 for the same period in 2020.
- TreeHouse reaffirmed its full year 2021 guidance ranges of $2.80 - $3.20 for adjusted earnings per diluted share from continuing operations and $4.40 to $4.60 billion of reported net sales.
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The GCC frozen bakery products market was valued at USD

The GCC frozen bakery products market was valued at USD 236.41 million in 2020, and it is projected to grow at a CAGR of 5.05% during the period of 2021-2026
The countries in the region import a significant volume of bakery products among themselves, such as bread, biscuits, pastry, cakes, and other bakery products, majorly from the United Arab Emirates, Saudi Arabia, and Bahrain.
May 06, 2021 07:11 ET
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ReportLinker
ReportLinker
Lyon, FRANCE
New York, May 06, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report GCC Frozen Bakery Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) - https://www.reportlinker.com/p06067773/?utm source=GNW ....

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TreeHouse Foods, Inc. Reports Fourth Quarter 2020 Results

Delivers top-line growth, strong cash flow and deleveraging
Provides update on Riviana acquisition and value creation initiatives
HIGHLIGHTS
- Generated reported net sales growth of 3.3% and organic net sales growth of 4.0% compared to the fourth quarter of 2019.
- Fourth quarter 2020 earnings per diluted share from continuing operations was $1.29 compared to $0.27 for the same period in 2019.
- Fourth quarter 2020 adjusted earnings per diluted share from continuing operations was $1.07, within the Company s guidance range of $1.00 to $1.10.
- Completed the acquisition of Ebro s Riviana Foods U.S. branded pasta business in December which is on-track to deliver $25 to $30 million in adjusted EBITDA from continuing operations and $0.20 to $0.30 in adjusted earnings per diluted share from continuing operations in 2021. ....

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