树屋食品 2025年季度报告

For the Quarterly Period EndedMarch 31, 2025.or Transition Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number:001-32504 TreeHouse Foods, Inc.(Exact name of the registrant as specified in its charter) Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying Three Months EndedMarch 31,20252024 Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization Stock-based compensation5.6Loss on extinguishment of debt2.6Unrealized loss (gain) on derivative contracts17.0 InventoriesPrepaid expenses and other assets Accounts payableAccrued expenses and other liabilities Cash flows from investing activities:Capital expenditures Proceeds from sales of fixed assetsAcquisition, net of cash acquired Net cash used in investing activities(231.1)Cash flows from financing activities:Borrowings under Revolving Credit Facility697.3Payments under Revolving Credit Facility(672.3)Payments on financing lease obligations(0.3)Payment of deferred financing costs(3.7) Net cash provided by (used in) financing activities11.2Effect of exchange rate changes on cash and cash equivalents0.2Net decrease in cash and cash equivalents(273.2) Supplemental cash flow disclosures: Capital expenditures incurred but not yet paid15.9Right-of-use assets obtained in exchange for lease obligations40.9Preliminary purchase price adjustment for private brand tea business acquisition2.0 8 for the fiscal year ended December 31, 2024.2. RECENT ACCOUNTING PRONOUNCEMENTS 9 The Company’s restructuring and margin improvement activities ("Restructuring Programs") are part of an enterprise-widetransformation to improve the long-term profitability of the Company. As part of our Restructuring Programs, we generally incur costs. Severance and employee separation costs primarily relate to cash severance, non-cash severance, including accelerated equityaward compensation expense, and other termination benefits. Other exit costs typically relate to lease and contract terminations. We Organizational RestructuringIn April 2025, the Company announced a restructuring of our current business, including a reorganization of our corporate support Ready-to-drink Business Exit production for the RTD business ceased, and the Company sold the related machinery and equipment for a loss of $0.6million. Theloss on sale of the RTD assets was recorded within Other operating expense, net in the Condensed Consolidated Statements of other transitioning costs. The costs incurred for the three months ended March 31, 2025 were $1.9million.Facility Closures 2024 were $0.7million and $1.9million, respectively. Expenses associated with these activities are recorded in Cost of sales and Other operating expense, net in the CondensedConsolidated Statements of Operations. Three Months EndedMarch 31, Other operating expense, net15.5$18.3$ Employee-related$ 11 a discount (collectively, the "Receivables Sales Program"). The agreement can be terminated by either party with60days' notice. TheReceivables Sales Program is used by the Company to manage liquidity in a cost-effective manner. The Company has no retained interest in the receivables sold under the Receivables Sales Program; however, under the agreement, the Company does have collection and administrative responsibilities for the sold receivables. Under the Receivables Sales Program, the current operatinglimit of outstanding accounts receivables sold at any time is $397.5million. Receivables sold under the Receivables Sales Program are derecognized from the Company's Condensed Consolidated Balance Sheetat the time of the sale and the proceeds from such sales are reflected as a component of the change in receivables in the operatingactivities section of the Condensed Consolidated Statements of Cash Flows. The receivables collected and not remitted to the financial The loss on sale of receivables represents the discount taken by the third-party financial institution and was $2.9million and $2.0 million for the three months ended March 31, 2025 and 2024, respectively, and is included in Other expense (income), net in the 31, 2025 or December 31, 2024, as the fair value of the servicing arrangement as well as the fees earned were not material to the 5. INVENTORIESMarch 31, 2025December 31, 2024 Finished goodsTotal inventories On January 2, 2025, the Company completed the acquisition of certain subsidiaries that operate the private brand tea business ofHarris Freeman & Co, Inc. ("Harris Tea"), a leading private brand tea manufacturer in the U.S., for approximately $207.6million in Allocation of consideration to assets acquired and liabilities assumed: InventoriesProperty, plant, and equipment Customer relationshipsTrademarks during the three months ended March 31, 2025, for the amortization of the inventory fair valu