NYSE$THS

TreeHouse Foods Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TreeHouse Foods' Q4 2021 results were reported, showing net sales slightly above guidance due to strong demand and pricing actions, though supply chain issues impacted service levels.

TreeHouse Foods reported Q4 2021 net sales of $1,165.9 million, a 1.0% decrease compared to Q4 2020. The company experienced a loss per diluted share of $(0.52), compared to earnings per diluted share of $1.29 in the same period last year. Adjusted earnings per diluted share were $0.11, within the guidance range. The company anticipates net sales growth of at least 11% year-over-year in 2022.

  • Net sales declined 1.0% to $1,165.9 million due to supply chain disruption.
  • Loss per diluted share was $(0.52), compared to earnings per diluted share of $1.29 in Q4 2020.
  • Adjusted earnings per diluted share were $0.11, within guidance.
  • Anticipates 2022 net sales growth of at least 11%.

Headline financials

Total Revenue

$1.17B

Previous: $1.18B-0.9%
EPS (adj)

$0.11

Previous: $1.07-89.7%
Capital Expenditures

$21.1M

Previous: $23.3M-9.4%
Free Cash Flow

$250M

Previous: $298M-16.2%
Net Income

-$29M

Previous: $73.2M-139.6%
Operating Income

-$19.6M

Previous: $53.8M-136.4%
Gross Profit

$171M

Previous: $228M-24.9%
Cash & Equivalents

$309M

Previous: $365M-15.4%
Total Assets

$5.21B

Previous: $5.49B-5.1%
Stock-Based Comp

$4.5M

Previous: $5.4M-16.7%

Revenue & EPS history

TreeHouse · Revenue · Quarterly

$1.17B

Q4 2021-0.9%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

TreeHouse anticipates net sales growth of at least 11% year-over-year and adjusted EBITDA of $385 to $415 million in fiscal year 2022.

Tailwinds

  • Pricing actions are expected to drive the majority of the sales growth.
  • Adjusted EBITDA is expected to improve as the year progresses due to additional pricing.
  • Company expects to better mitigate the impact of labor and supply chain disruption.
  • Amendment to temporarily increase its debt covenant leverage ratio, providing additional flexibility in 2022
  • The company's strategic review continues to progress.

Headwinds

  • Volume constraints related to labor shortages and supply chain disruption.
  • Labor shortages and supply chain disruption will continue to challenge profitability and volume in the first half.
  • Anticipates further erosion in its first quarter adjusted EBITDA margin (on both a sequential and year-over-year basis).
  • Inflation and supply chain issues are negatively impacting profitability.
  • Strategic review creates uncertainty.

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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