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TreeHouse Foods, Inc. Reports Fourth Quarter 2020 Results


Delivers top-line growth, strong cash flow and deleveraging
Provides update on Riviana acquisition and value creation initiatives
HIGHLIGHTS
- Generated reported net sales growth of 3.3% and organic net sales growth of 4.0% compared to the fourth quarter of 2019.
- Fourth quarter 2020 earnings per diluted share from continuing operations was $1.29 compared to $0.27 for the same period in 2019.
- Fourth quarter 2020 adjusted earnings per diluted share from continuing operations was $1.07, within the Company s guidance range of $1.00 to $1.10.
- Completed the acquisition of Ebro s Riviana Foods U.S. branded pasta business in December which is on-track to deliver $25 to $30 million in adjusted EBITDA from continuing operations and $0.20 to $0.30 in adjusted earnings per diluted share from continuing operations in 2021. ....

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