TreeHouse Q4 2023 Earnings Report
Key Takeaways
TreeHouse Foods reported Q4 2023 results with net sales of $910.8 million and net income from continuing operations of $6.4 million. The company delivered improvements in fiscal year 2023, with net sales increasing by 4.1% and net income from continuing operations increasing by $68.2 million versus the prior year. The company issued fiscal year 2024 outlook for net sales of $3.43 to $3.50 billion, adjusted EBITDA of $360 to $390 million, and free cash flow of at least $130 million.
Net sales for Q4 2023 totaled $910.8 million, a decrease of 4.8% compared to the same period last year.
Net income from continuing operations for Q4 2023 was $6.4 million, compared to $39.7 million in Q4 2022.
Adjusted EBITDA from continuing operations was $108.4 million in Q4 2023, compared to $118.5 million in Q4 2022.
The Company completed the repurchase of approximately $50 million of shares during the fourth quarter; share repurchases totaled approximately $100 million during full year 2023.
TreeHouse
TreeHouse
Forward Guidance
TreeHouse issued the following outlook and guidance for fiscal year 2024: Net sales are expected in the range of $3.43 to $3.50 billion, adjusted EBITDA from continuing operations is expected in the range of $360 to $390 million, and the Company expects free cash flow of at least $130 million.