Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 19

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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16 to our Condensed Consolidated Financial Statements for additional information.(6)During the first quarter of 2025, the Company incurred a loss on extinguishment of debt, which included a write off of deferred financing costs of $2.6 million in connection with the Credit Agreement refinancing.Refer to Note 10 to our Condensed Consolidated Financial Statements for additional information.(7)During the second quarter of 2024, the Company incurred $19.3 million of non-cash impairment charges related to property, plant, and equipment. The impairment is due to forecasted cash flow losses in the Ready-to-drink beverages business resulting in a decision to exit this business.Refer to Note 7 to our Condensed Consolidated Financial Statements for additional information.

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The following tables provide a reconciliation of Adjusted net sales, Adjusted cost of sales, Adjusted gross profit, Adjusted total operating expenses, Adjusted operating income, Adjusted total other expense, Adjusted income tax expense, and Adjusted net income to their most directly comparable GAAP measure, for each of the periods presented:

Three Months Ended June 30, 2025(Unaudited, in millions, except per share amounts)Net salesCost of salesGross profitTotal operating expensesOperating incomeTotal other expenseIncome tax (benefit) expenseNet (loss) incomeAs reported (GAAP)$798.0 $658.8 $139.2 $111.9 $27.3 $32.9 $(2.7)$(2.9)Adjustments:Mark-to-market adjustments(1)— — — — — (14.7)— 14.7 Restructuring programs & other, including accelerated depreciation(2)— (2.9)2.9 (12.7)15.6 — — 15.6 Acquisition, integration, divestiture, and related costs(3)0.2 — 0.2 (0.5)0.7 — — 0.7 Foreign currency gain on re-measurement of intercompany notes(4)— — — — — 3.7 — (3.7)Product recalls and related (income) costs, including insurance recoveries(5)3.2 12.8 (9.6)— (9.6)— — (9.6)Taxes on adjusting items—