Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 17

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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.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 accelerated depreciation recognized during the three and six months ended June 30, 2024. Refer to Note 3 to our Condensed Consolidated Financial Statements for additional information.

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(3)Acquisition, integration, divestiture, and related costs represents costs associated with completed and potential acquisitions, the related integration of the acquisitions, completed and potential divestitures, and gains or losses on the divestiture of a business. During the three and six months ended June 30, 2025, $0.5 million and $0.8 million were classified in General and administrative and $0.2