NYSE$THS

TreeHouse Foods Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

TreeHouse Foods' financial performance exceeded expectations due to increased demand related to COVID-19 and successful business transformation.

TreeHouse Foods reported first-quarter results above its guidance range, driven by the company's ability to service significant demand related to COVID-19. Adjusted EPS was $0.37, and revenue reached $1.08 billion. The company reaffirmed its full-year 2020 guidance.

  • Adjusted EPS from continuing operations was $0.37, exceeding the company's guidance and 12% above Q1 2019.
  • Net sales for the first quarter of 2020 totaled $1,084.9 million, a 1.7% increase compared to the same period last year.
  • Organic net sales increased by 2.6% due to favorable volume/mix from increased demand related to the COVID-19 pandemic.
  • TreeHouse reaffirmed its full-year 2020 guidance for adjusted EPS of $2.40 to $2.65, net sales of $4.10 to $4.40 billion, and free cash flow of $250 to $300 million.

Headline financials

Total Revenue

$1.08B

Previous: $1.3B-16.6%
EPS (adj)

$0.37

Previous: $0.13+184.6%
Capital Expenditures

-$27.3M

Previous: -$29.9M+8.7%
Free Cash Flow

$35.2M

Previous: -$67.8M+151.9%
Net Income

-$31.2M

Previous: -$27.3M-14.3%
Operating Income

$30.2M

Previous: -$900K+3455.6%
Gross Profit

$195M

Previous: $195M+0.2%
Cash & Equivalents

$330M

Previous: $79M+318.2%
Total Assets

$5.27B

Previous: $5.77B-8.6%
Stock-Based Comp

$7.9M

Previous: $5.7M+38.6%

Revenue & EPS history

TreeHouse · Revenue · Quarterly

$1.08B

Q1 2020-16.6%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

TreeHouse reaffirmed its full year 2020 guidance for adjusted earnings from continuing operations of $2.40 to $2.65 per diluted share, net sales of $4.10 to $4.40 billion, and free cash flow of $250 to $300 million. For the second quarter, the company anticipates adjusted earnings per diluted share from continuing operations of $0.40 to $0.50, net sales between $1.05 to $1.09 billion, and adjusted EBITDA from continuing operations of $105 to $120 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-1.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-1.9%

Avg return

30 days after

43%

29 / 67 earnings

Positive

+23.3%

Q3 2025

Best reaction

-36.5%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+23.3%+25.9%+25.4%
Q2 2025-6.5%-3.5%-10.7%
Q1 2025-5.5%-3.5%-6.6%
Q4 2024-0.6%-8.4%-15.2%
Q3 2024-15.1%-12.9%-8.5%
Q2 2024-5.1%+0.4%+5.1%
Q1 2024-4.7%-5.2%-0.9%
Q4 2023-14.2%-14.1%-14.1%
Q3 2023-9.0%-8.8%-2.8%
Q2 2023-9.9%-8.9%-14.0%
Q1 2023-1.4%-4.1%-10.4%
Q4 2022-1.4%+1.1%-2.1%
Q3 2022-2.5%-2.6%-2.1%
Q2 2022+8.0%+11.4%+3.5%
Q1 2022+22.7%+27.0%+28.1%
Q4 2021+15.4%+14.8%-5.6%
Q3 2021+3.9%
Q2 2021-6.3%
Q1 2021+0.8%
Q4 2020-2.5%
Q3 2020-6.0%
Q2 2020-4.6%
Q1 2020+5.2%
Q4 2019-0.7%
Q3 2019-11.0%
Q2 2019-3.8%
Q1 2019-13.0%
Q4 2018+0.0%
Q3 2018-1.9%
Q2 2018+8.6%
Q1 2018+20.6%
Q4 2017-11.0%
Q3 2017-36.5%
Q2 2017-11.6%
Q1 2017-12.1%
Q4 2016+12.1%
Q3 2016-20.5%
Q2 2016-1.5%
Q1 2016+8.1%
Q4 2015+2.4%
Q3 2015+1.3%
Q2 2015-3.0%
Q1 2015-10.4%
Q4 2014-9.8%
Q3 2014-5.8%
Q2 2014+3.1%
Q1 2014-4.0%
Q4 2013+10.7%
Q3 2013-2.1%
Q2 2013+4.0%
Q1 2013-0.0%
Q4 2012+11.0%
Q3 2012-1.8%
Q2 2012-12.7%
Q1 2012+0.1%
Q4 2008+2.1%
Q4 2011+2.1%
Q3 2011-1.7%
Q2 2011+2.8%
Q1 2010+0.7%
Q1 2011+2.2%
Q4 2010-0.5%
Q3 2009+5.9%
Q3 2010+5.9%
Q4 2009+4.4%
Q2 2009+4.4%
Q2 2010+4.4%

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