Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 77

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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)Depreciation and amortization42.1 36.2 83.5 72.8 EBITDA (Non-GAAP)58.5 30.8 72.8 63.7 Mark-to-market adjustments(1)14.7 (1.5)31.7 (8.5)Restructuring programs & other, excluding accelerated depreciation(2)12.7 11.5 28.1 18.2 Acquisition, integration, divestiture, and related costs(3)0.7 1.9 3.2 6.0 Foreign currency (gain) loss on re-measurement of intercompany notes(4)(3.7)1.1 (3.9)3.5 Product recalls and related (income) costs, including insurance recoveries(5)(9.6)7.5 (3.7)14.4 Loss on extinguishment of debt(6)— — 2.6 — Impairment(7)— 19.3 — 19.3 Adjusted EBITDA (Non-GAAP)$73.3 $70.6 $130.8 $116.6 % of net salesNet loss margin(0.4)%(2.1)%(2.2)%(1.8)%EBITDA margin7.3 %3.9 %4.6 %4.0 %% of adjusted net salesAdjusted EBITDA margin9.1 %8.9 %8.2 %7.2 %

(1)The Company's derivative contracts are marked-to-market each period. The non-cash unrealized changes in fair value recognized in Other expense (income), net within the Condensed Consolidated Statements of Operations are treated as Non-GAAP adjustments. As the contracts are settled, realized gains and losses are recognized, and only the mark-to-market impacts are treated as Non-GAAP adjustments. Refer to Note 17 to our Condensed Consolidated Financial Statements for additional information.(2)The Company's restructuring and margin improvement activities are part of an enterprise-wide transformation to improve the long-term profitability of the Company. During the three and six months ended June 30, 2025, the Company recognized $2.9 million and $5.8 million, respectively, of accelerated depreciation within the Company's restructuring activities as depreciation expense. There was no