Treehouse Foods (THS) Tops Q4 EPS by 9c, FY18 Guidance Misses
Treehouse Foods (NYSE: THS) reported Q4 EPS of $1.02, $0.09 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.69 billion.
The Company outlined the following TreeHouse 2020 action steps for calendar year 2018:
- the partial closure of Dothan, Alabama expected in the second quarter of 2018;
- the final phase of closure of the Battle Creek, Michigan facility announced on January 31, 2018;
- the closure of the Visalia, California facility which is targeted for closure by the end of first quarter 2019;
- at least 15 production lines permanently shuttered; and
- the full roll-out of the TreeHouse Management Operating System (TMOS) to 12 plants in 2018.
GUIDANCE:
Treehouse Foods sees FY2018 EPS of $2.00-$2.40, versus the consensus of $2.77. Treehouse Foods sees FY2018 revenue of $5.9-6.1 billion, versus the consensus of $6.21 billion.
- In regard to the first quarter of 2018, the Company expects earnings in the range of $0.10 to $0.20 per fully diluted share. The expected decrease compared to the first quarter of 2017 is due to lower volumes, the timing of higher commodity and freight costs versus pricing actions that will take effect in later quarters and operational inefficiencies.
For earnings history and earnings-related data on Treehouse Foods (THS) click here.