Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 9

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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24Increase / (Decrease)(Dollars in millions, except per share amounts)DollarsDollars$ Change% ChangeOther financial data:(1)EBITDA$(129.3)$112.0 $(241.3)(215.4)%Adjusted EBITDA222.4 219.1 3.3 1.5 Adjusted net sales2,439.3 2,465.9 (26.6)(1.1)Adjusted cost of sales2,034.1 2,048.0 (13.9)(0.7)Adjusted gross profit405.2 417.9 (12.7)(3.0)Adjusted total operating expenses296.2 301.4 (5.2)(1.7)Adjusted operating income109.0 116.5 (7.5)(6.4)Adjusted total other expense65.3 49.9 15.4 30.9 Adjusted income tax expense11.5 14.7 (3.2)(21.8)Adjusted net income32.2 51.9 (19.7)(38.0)Adjusted diluted earnings per share$0.64 $0.98 $(0.34)(34.7)%

(1) Other financial data included Non-GAAP financial metrics. See "Non-GAAP Measures" for definitions and reconciliations of our Net loss to EBITDA and Adjusted EBITDA, Net sales to Adjusted net sales, Cost of sales to Adjusted cost of sales, Gross profit to Adjusted gross profit, Total operating expenses to Adjusted total operating expenses, Operating (loss) income  to Adjusted operating income, Total other expense to Adjusted total other expense, Income tax benefit to Adjusted income tax expense, Net loss to Adjusted net income, and Diluted earnings (loss) per share to Adjusted diluted earnings per share.

38

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024 

Net Sales — Net sales for the first nine months of 2025 totaled $2,430.3 million compared to $2,448.3 million for the same period last year, a decrease of $18.0 million, or 0.7%. The change in net sales from 2024 to 2025 was due to the following:

 DollarsPercent (In millions)Volume