树屋食品 2025年季度报告

Form10-Q For the Quarterly Period EndedMarch 31, 2025. or TreeHouse Foods, Inc. 20-2311383(I.R.S. Employer Identification No.) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the registrant's common stock outstanding as of April 30, 2025 was50.5million. Part I — Financial InformationItem 1 — Financial Statements (Unaudited)Item 2 — Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3 — Quantitative and Qualitative Disclosures About Market RiskItem 4 — Controls and ProceduresPart II — Other InformationItem 1 — Legal ProceedingsItem 1A — Risk FactorsItem 2 — Unregistered Sale of Equity Securities and Use of ProceedsItem 5 — Other InformationItem 6 — ExhibitsSignatures Part I — Financial Information TREEHOUSE FOODS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS Non-cash investing and financing activities: TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS As of and for the three months ended March 31, 2025(Unaudited) 1. BASIS OF PRESENTATION The unaudited Condensed Consolidated Financial Statements included herein have been prepared by TreeHouse Foods, Inc. and itsconsolidated subsidiaries (the "Company," "TreeHouse," "we," "us," or "our"), pursuant to the rules and regulations of the Securitiesand Exchange Commission ("SEC") applicable to quarterly reporting on Form 10-Q. In our opinion, these statements include alladjustments necessary for a fair presentation of the results of all interim periods reported herein. Certain information and footnotedisclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the Use of Estimates The preparation of our Condensed Consolidated Financial Statements in conformity with GAAP requires management to use judgmentto make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and Summary of Significant Accounting Policies A detailed description of the Company's significant accounting policies can be found in the Company's Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024. 2. RECENT ACCOUNTING PRONOUNCEMENTS Not yet adopted In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03,Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation ofIncome Statement Expenses,and in January 2025, the FASB issued ASU 2025-01,Income Statement - Reporting ComprehensiveIncome - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. ASU 2024-03 requires additionalinformation about specific expenses in certain notes to the Consolidated Financial Statements. The new guidance in ASU 2024-03, as In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures,to enhancethe transparency and decision usefulness of income tax disclosures. The amendments are effective for annual periods beginning afterDecember 15, 2024 on a prospective basis. Early adoption is permitted. Upon adoption, the impact of ASU 2023-09 will be limited to TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 3. RESTRUCTURING PROGRAMS 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 incurexpenses that qualify as exit and disposal costs under U.S. GAAP. These include severance, employee separation costs, and other exitcosts. 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. Wealso incur expenses that are an integral component of, and directly att