Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 63

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 amounts are non-cash and the loans are eliminated in consolidation.

39

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 (benefit), and Adjusted net income (loss) to their most directly comparable GAAP measure, for each of the periods presented:

Three Months Ended March 31, 2025(Unaudited, in millions, except per share amounts)Net salesCost of salesGross profitTotal operating expensesOperating (loss) incomeTotal other expenseIncome tax (benefit) expenseNet (loss) incomeAs reported (GAAP)$792.0 $676.8 $115.2 $120.7 $(5.5)$38.1 $(11.8)$(31.8)Adjustments:Mark-to-market adjustments(1)— — — — — — (17.0)— 17.0 Restructuring programs & other, including accelerated depreciation(2)— — (2.8)2.8 (15.5)18.3 — — 18.3 Product recalls and related costs(3)3.7 — 0.1 3.6 (2.3)5.9 — — 5.9 Loss on extinguishment of debt(4)— — — — — (2.6)— 2.6 Acquisition, integration, divestiture, and related costs(5)0.3 — (1.9)2.2 (0.3)2.5 — — 2.5 Foreign currency gain on re-measurement of intercompany notes(6)— — — — — — 0.2 — (0.2)Taxes on adjusting items— — — — — — — 12.8 (12.8)As adjusted (Non-GAAP)$796.0 $672.2 $123.8 $102.6 $21.2 $18.7 $1.0 $1.5 As reported (% of net sales)14.5 %15.2 %(0.7)%4.8 %(1.5)