NYSE$THS

TreeHouse Foods Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Delivered strong Q1 profitability despite challenging macro conditions and improved capital structure through redemption of 2024 notes and credit facility refinancing.

TreeHouse Foods reported a decrease in net sales by 2.5% to $1.06 billion, but delivered strong profitability with an adjusted gross profit margin of 18.1% and adjusted EPS of $0.36. The company reaffirmed its full year 2021 guidance.

  • 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.

Headline financials

Total Revenue

$1.06B

Previous: $1.08B-2.5%
EPS (adj)

$0.36

Previous: $0.37-2.7%
Capital Expenditures

-$28M

Previous: -$27.3M-2.6%
Free Cash Flow

-$36.6M

Previous: $35.2M-204.0%
Net Income

$1.5M

Previous: -$31.2M+104.8%
Operating Income

$11M

Previous: $30.2M-63.6%
Gross Profit

$181M

Previous: $195M-7.1%
Cash & Equivalents

$48.8M

Previous: $330M-85.2%
Total Assets

$5.14B

Previous: $5.27B-2.4%
Stock-Based Comp

$4.9M

Previous: $7.9M-38.0%

Revenue & EPS history

TreeHouse · Revenue · Quarterly

$1.06B

Q1 2021-2.5%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

TreeHouse reaffirmed its full year 2021 guidance ranges for adjusted earnings per diluted share from continuing operations of $2.80 to $3.20 and reported net sales between $4.40 to $4.60 billion. TreeHouse is providing the following guidance ranges on a continuing operations basis for the second quarter: •Adjusted earnings per diluted share from continuing operations of $0.20 to $0.30 •Reported net sales between $1.02 and $1.07 billion •Interest expense between $18 and $19 million •Adjusted effective tax rate between 25% and 27%

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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