Exhibit 99.1

 a220pxtreehousefoodslogoa02.jpg
 
 
NEWS RELEASE
 
 
 
 
Contact:
Investor Relations
 
 
708.483.1300 Ext 1331            
 
 
 
TreeHouse Foods, Inc. Delivers Fourth Quarter 2018 Results Above Midpoint of Guidance, Reaffirms 2019 Guidance for Adjusted Earnings Per Fully Diluted Share of $2.35 to $2.75
 
HIGHLIGHTS
Fourth quarter 2018 loss per fully diluted share was $(0.23) compared to a loss per fully diluted share of $(5.40) for the same period in 2017.
Fourth quarter 2018 adjusted earnings per fully diluted share was $1.03, $0.01 above fourth quarter 2017 and 5% above the midpoint of the Company's guidance range of $0.88 to $1.08.
TreeHouse reaffirms 2019 guidance range for adjusted earnings per fully diluted share of $2.35 to $2.75, representing growth in the range of 7 - 25%.


Oak Brook, IL, February 14, 2019 — TreeHouse Foods, Inc. (NYSE: THS) today reported fourth quarter GAAP loss per fully diluted share of $(0.23) compared to a GAAP loss of $(5.40) reported for the fourth quarter of 2017. The Company reported adjusted earnings per fully diluted share1 of $1.03 in the fourth quarter of 2018 compared to adjusted earnings per share of $1.02 in the fourth quarter of 2017.
 
"I am extremely proud of the progress we made in 2018, with the dedication and effort our organization put forth,” said Steve Oakland, Chief Executive Officer and President. “I’m particularly pleased with the excellent cash performance in 2018 which enabled us to reduce our net debt by $285 million for the year.”

“We closed the year with adjusted EPS of $1.03, and for the full year, delivered adjusted EPS of $2.20, in line with our original guidance for 2018,” said Matthew Foulston, EVP and Chief Financial Officer. “Revenue in the fourth quarter declined as we anticipated, largely driven by the loss of low margin business in our Snacks division. Excluding Snacks and the impact of SKU rationalization and divestitures, revenue declined a more modest 3.6%. Both our TreeHouse 2020 restructuring program and Structure to Win SG&A initiative meaningfully improved our organization this year. Through TreeHouse 2020, we better optimized our manufacturing and administrative footprint and completed the rollout of our TreeHouse Management Operating Structure (TMOS) in 14 plants, and delivered SG&A savings of over $75 million in the year.”

 
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1
Adjusted earnings per fully diluted share is a Non-GAAP financial measure. See “Comparison of Adjusted Information to GAAP Information” below for the definition of adjusted earnings per fully diluted share, information concerning certain items affecting comparability, and a reconciliation of adjusted earnings per fully diluted share to earnings per fully diluted share, the most comparable GAAP financial measure.


The following information was filed by Treehouse Foods, Inc. (THS) on Thursday, February 14, 2019 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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