Treehouse Foods (NYSE: THS) reported Q4 EPS of $0.98, $0.04 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $996.2 million versus the consensus estimate of $1 billion.

GUIDANCE:

• The Company assumes that the macro environment will continue to be net inflationary. TreeHouse is recovering higher input costs through targeted pricing actions.
• Net sales growth of 6% - 8% year-over-year, driven by pricing. The year-over-year pricing contribution is expected to be most impactful in the first half of the year. Volume is assumed to be flat for the full year, as the Company continues to mitigate supply chain disruption and improve service.
• Adjusted EBITDA from continuing operations of $345 to $365 million, up approximately 24% year-over-year at the midpoint. EBITDA margins are expected to improve on a year-over-year basis each quarter, driven by 2022 pricing actions to recover inflation and continued supply chain recovery.
• Net interest expense of $20 to $25 million, which includes interest expense of $65 to $70 million and interest income of approximately $45 million related to the note receivable.
• Capital expenditures of approximately $130 million.

For earnings history and earnings-related data on Treehouse Foods (THS) click here.