Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 17

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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2420252024(unaudited, in millions)Net loss (GAAP)$(265.8)$(3.4)$(300.5)$(31.8)Interest expense23.9 16.0 65.4 47.2 Interest income(0.2)(0.1)(3.2)(4.2)Income tax benefit(1.7)(0.9)(16.2)(8.7)Depreciation and amortization41.7 36.7 125.2 109.5 EBITDA (Non-GAAP)(202.1)48.3 (129.3)112.0 Impairment(1)289.7 — 289.7 19.3 Restructuring programs & other, excluding accelerated depreciation(2)31.1 6.8 59.2 25.0 Foreign currency loss (gain) on re-measurement of intercompany notes(3)1.4 (1.3)(2.5)2.2 Acquisition, integration, divestiture, and related costs(4)0.6 0.9 3.8 6.9 Mark-to-market adjustments(5)(12.7)19.5 19.0 11.0 Product recalls and related (income) costs, including insurance recoveries(6)(16.4)28.3 (20.1)42.7 Loss on extinguishment of debt(7)— — 2.6 — Adjusted EBITDA (Non-GAAP)$91.6 $102.5 $222.4 $219.1 % of net salesNet loss margin(31.6)%(0.4)%(12.4)%(1.3)%EBITDA margin(24.1)%5.8 %(5.3)%4.6 %% of adjusted net salesAdjusted EBITDA margin10.9 %12.0 %9.1 %8.9 %

(1)During the third quarter of 2025, the Company incurred $289.7 million of non-cash impairment charges related to goodwill. The impairment is due to a sustained decrease in share price and market capitalization. During the second quarter of 2024, the Company incurred $19.3 million of non-cash impairment charges related to property, plant, and