TreeHouse Foods, Inc. Reports Second Quarter 2014 Results

OAK BROOK, Ill., Aug. 7, 2014 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) today reported second quarter earnings of $0.57 per fully diluted share compared to $0.50 per fully diluted share reported for the second quarter of last year.  The Company reported that adjusted earnings per share increased 29.2% in the second quarter to $0.84 compared to $0.65 in the prior year, excluding the items described below.

Net sales for the second quarter totaled $628.0 million compared to $526.3 million last year, an increase of 19.3%, largely due to sales from acquisitions and favorable volume/mix in each of our segments, partially offset by unfavorable foreign exchange.  Compared to last year, sales in the second quarter for the North American Retail Grocery segment increased 18.2%, sales for the Food Away From Home segment increased 13.6% and sales for the Industrial and Export segment increased 33.1%. Full report.