0001320695-11-000016.txt : 20110623 0001320695-11-000016.hdr.sgml : 20110623 20110622185403 ACCESSION NUMBER: 0001320695-11-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110622 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110623 DATE AS OF CHANGE: 20110622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TreeHouse Foods, Inc. CENTRAL INDEX KEY: 0001320695 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 202311383 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32504 FILM NUMBER: 11926459 BUSINESS ADDRESS: STREET 1: TWO WESTBROOK CORPORATE CENTER STREET 2: SUITE 1070 CITY: WESTCHESTER STATE: IL ZIP: 60154 BUSINESS PHONE: 7084831300 MAIL ADDRESS: STREET 1: TWO WESTBROOK CORPORATE CENTER STREET 2: SUITE 1070 CITY: WESTCHESTER STATE: IL ZIP: 60154 8-K 1 form8k.htm TREEHOUSE FORM 8K_6_22_11 form8k.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 22, 2011


TREEHOUSE FOODS, INC.
(Exact Name of Registrant as Specified in Charter)

Commission File Number: 001-32504

Delaware
 
20-2311383
(State or Other Jurisdiction of Incorporation)
 
(IRS Employer Identification No.)
     
     
2021 Spring Road
   
Suite 600
   
Oak Brook, IL
 
60523
(Address of Principal Executive Offices)
 
(Zip Code)
     
 
Registrant’s telephone number, including area code: (708) 483-1300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
q
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
q
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
q
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
q
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 



 
 
 
 





Section 7 – Regulation FD
 
Item 7.01 Regulation FD Disclosure.
 
On June 22, 2011, TreeHouse Foods, Inc. announced that it is lowering its full year 2011 guidance.  A copy of the press release announcing the revised guidance and details for a webcast on June 23, 2011 relating to the revised guidance is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information in this Form 8-K under Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific referencing in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01.
Financial Statements and Exhibits

(d)
Exhibits

Exhibit
Number
  
Description
99.1
 
Press Release, dated June 22, 2011
 

 
 
 
 




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


   
TreeHouse Foods, Inc.
 
       
Date: June 22, 2011
By:
 /s/ Thomas E. O’Neill
 
   
Thomas E. O’Neill
 
   
General Counsel, Senior Vice President, Chief Administrative Officer and officer duly authorized to sign on behalf of the registrant
 
 

 
 
 
 




INDEX TO EXHIBITS


Exhibit
Number
  
Description
99.1
 
Press Release, dated June 22, 2011
 


 
 
 
 

EX-99.1 2 ex99_1.htm PRESS RELEASE ex99_1.htm

 
Exhibit 99.1


 
NEWS RELEASE
 

Contact:
 Investor Relations
 
 708-483-1300 Ext 1331


TreeHouse Foods, Inc. Lowers 2011 Guidance as Pricing Lags Cost Increases
 
Oak Brook, IL, June 22, 2011 – TreeHouse Foods, Inc. (NYSE: THS) today announced that the lag in the Company’s pricing actions in response to higher freight, transportation, packaging and other related commodity costs has continued and is expected to be most acute during the second quarter.  As a result, the Company is lowering its full year 2011 adjusted earnings per share guidance to a range of $2.90 to $3.00 with the second quarter results expected to be between $0.42 and $0.44 per share.
 
 
For the second quarter, the Company estimates strong organic sales growth of 3.5%-4.0% and total net sales of nearly $490 million.  Gross margins, however, are expected to decline approximately 250 bps versus the second quarter of 2010 to between 22% and 23%.  For the year, TreeHouse expects gross margins to be flat to slightly below last year, as pricing actions initiated in the second quarter will be realized during the Company’s third and fourth quarters.
 
 
Sam K. Reed, Chairman and CEO, said, “While we are encouraged by our ongoing top line strength, I am disappointed that we are delivering results below our expectations.  The challenges we faced in the first quarter from rising fuel and other inputs have persisted, and as a private label company, a lag in pricing has a direct effect on earnings.  While our pricing efforts have been aggressive, the impact will not be realized in time to offset the higher cost environment of our second quarter.”
 
“The premise of our private label strategy remains intact.  The market for house brands is robust, as budget conscious consumers continue to seek value without compromise.  I am confident in our strategic vision, and we remain committed to generating long-term superior shareholder value,” continued Mr. Reed.
 
CONFERENCE CALL AND WEBCAST
 
 
TreeHouse management will host a conference call tomorrow, Thursday, June 23, 2011 at 8:30 a.m. EDT to discuss this announcement.  A webcast of the call may be heard live by visiting http://www.treehousefoods.com and by clicking on "Investor Relations", "Investor Overview."
 
 
In order to listen to the Webcast, users will need to have installed either Real Player or Windows Media Player software, which can be detected and downloaded by visiting the site.  A Webcast replay will be available for one year following the event within the "Investor Relations", "Audio Archives" section of the Company's Website.
 

 
 
 
 

 
ABOUT TREEHOUSE FOODS
 
 
TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels.  Its products include non-dairy powdered coffee creamer; canned soup, salad dressings and sauces; sugar free drink mixes and sticks, instant oatmeal and hot cereals; macaroni and cheese, skillet dinners and other value-added side dishes and salads; salsa and Mexican sauces; jams and pie fillings under the E.D. Smith brand name; pickles and related products; infant feeding products; and other food products including aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer.  TreeHouse believes it is the largest manufacturer of pickles and non-dairy powdered creamer in the United States and the largest manufacturer of private label salad dressings, drink mixes and instant hot cereals in the United States and Canada based on sales volume.
 
 

 
 
FORWARD LOOKING STATEMENTS
 
 
This press release contains "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as "may," "should," "could," "expects," "seek to," "anticipates," "plans," "believes," "estimates," "intends," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause the Company or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. TreeHouse's Form 10-K for the year ended December 31, 2010 and subsequent report on form 10-Q discuss some of the factors that could contribute to these differences. You are cautioned not to unduly rely on such forward-looking statements, which speak only as of the date made, when evaluating the information presented in this presentation. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in its expectations with regard thereto, or any other change in events, conditions or circumstances on which any statement is based.
 

 
 
 
 

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