Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 16

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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 of debt, impairment of assets, foreign currency exchange impact on the re-measurement of intercompany notes, mark-to-market adjustments on derivative contracts, and other items that may arise from time to time that would impact comparability. Management does not consider these costs when evaluating the Company’s performance, when making decisions regarding the allocation of resources, in determining incentive compensation, or in determining earnings estimates. This information is provided in order to allow investors to make meaningful comparisons of the Company’s earnings performance between periods and to view the Company’s business from the same perspective as Company management. The Company has presented each of these adjusted Non-GAAP measures as a percentage of adjusted net sales compared to its respective reported GAAP presentation line item as a percentage of net sales. Adjusted diluted earnings (loss) per share ("Adjusted diluted EPS") is determined by dividing adjusted net income (loss) by the weighted average diluted common shares outstanding. Adjusted diluted EPS reflects adjustments to GAAP earnings (loss) per diluted share to identify items that, in management's judgment, significantly affect the assessment of earnings results between periods.

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The following table reconciles the Company's net loss as presented in the Condensed Consolidated Statements of Operations, the relevant GAAP measure, to EBITDA and Adjusted EBITDA for the three and six months ended June 30, 2025 and 2024:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(unaudited, in millions)Net loss (GAAP)$(2.9)$(16.7)$(34.7)$(28.4)Interest expense22.2 15.6 41.5 31.2 Interest income(0.2)(0.1)(3.0)(4.1)Income tax benefit(2.7)(4.2)(14.5)(7.8)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