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TreeHouse Foods, Inc. Reports Fourth Quarter 2015 Results
and Provides 2016 Outlook
|||TreeHouse delivered fourth quarter adjusted earnings per share of $1.08, a 9.1% increase from 2014|
|||Net sales in the fourth quarter were $865.4 million|
|||Fourth quarter adjusted EBITDA increased 2.3% from 2014 due to strong operating performance|
|||TreeHouse reiterates full year 2016 earnings per share guidance of $2.95 to $3.10|
Oak Brook, IL, February 11, 2016 TreeHouse Foods, Inc. (NYSE: THS) today reported fourth quarter earnings of $0.85 per fully diluted share compared to $0.78 per fully diluted share reported for the fourth quarter of last year. The Company reported adjusted earnings per share in the fourth quarter of $1.08 compared to $0.99 in the fourth quarter of the prior year, excluding the items described below.
The Companys 2015 fourth quarter results included three items noted below that, in managements judgment, affect the assessment of earnings. The first item was a $0.11 per share expense for acquisition, integration and related costs. The second item was a $0.06 per share loss on the foreign currency re-measurement of intercompany notes. The final item was a $0.06 per share loss on restructurings and facility consolidation costs.
ITEMS AFFECTING DILUTED EPS COMPARABILITY:
|Three Months Ended||Twelve Months Ended|
|December 31||December 31|
Diluted EPS as reported
Acquisition, integration and related costs
Foreign currency loss on re-measurement of intercompany notes
Restructuring/facility consolidation costs
Debt refinancing costs
The following information was filed by Treehouse Foods, Inc. (THS) on Thursday, February 11, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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