Exhibit 99.1

 thslogo.jpg
 
 
NEWS RELEASE
 
 
 
 
Contact:
Investor Relations
 
 
708.483.1300 Ext 1331            
 
 
 
TreeHouse Foods, Inc. Delivers Fourth Quarter 2019 Results Within Guidance Range, Issues 2020 Guidance for Adjusted Earnings Per Diluted Share of $2.40 to $2.65
 
HIGHLIGHTS
Fourth quarter 2019 earnings per diluted share from continuing operations was $0.27 compared to loss per diluted share of $(0.08) for the same period in 2018.
Fourth quarter 2019 adjusted earnings per diluted share from continuing operations was $1.10, within the Company's guidance range of $1.03 to $1.23.
TreeHouse issues 2020 guidance range for adjusted earnings per diluted share from continuing operations of $2.40 to $2.65.


Oak Brook, IL, February 13, 2020 — TreeHouse Foods, Inc. (NYSE: THS) today reported fourth quarter GAAP earnings per diluted share from continuing operations of $0.27 compared to a GAAP loss per diluted share from continuing operations of $(0.08) reported for the fourth quarter of 2018. The Company had adjusted earnings per diluted share from continuing operations1 of $1.10 in the fourth quarter of 2019 compared to $1.00 in the fourth quarter of 2018.
 
"Our 2019 results demonstrated great progress. It's important to recognize how much we accomplished in the past year - we provided consistently excellent service for our customers; we designed and stood up our commercial organization; we completed the majority of non-core asset sales; and we made great strides toward building our TreeHouse culture," said Steve Oakland, Chief Executive Officer and President.

"Our efforts to improve business profitability are reflected in the full year 2019 results, as adjusted EBIT margin1 expanded 90 basis points to 6.2%, despite revenue that was 6.5% lower," said Bill Kelley, EVP and Chief Financial Officer. "Adjusted earnings per share growth of 21% to $2.39 demonstrates the hard work we have invested in continuous improvement, ongoing expense discipline, pricing execution, and debt reduction. Although underperformance in our Broth business drove a volume shortfall in the fourth quarter, we remain encouraged by our year-over-year profitability improvement across the company."

 
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1
Adjusted earnings per diluted share from continuing operations, adjusted EBIT margin from continuing operations, adjusted EBITDA from continuing operations, organic net sales, and adjusted EBITDAS from continuing operations are Non-GAAP financial measures. See “Comparison of Adjusted Information to GAAP Information” for the definition of the Non-GAAP measures, information concerning certain items affecting comparability, and reconciliations of the Non-GAAP measures to the most directly comparable GAAP measure.


The following information was filed by Treehouse Foods, Inc. (THS) on Thursday, February 13, 2020 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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