OAK BROOK, Ill., Nov. 6, 2014 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) today reported third quarter earnings of $0.47 per fully diluted share compared to $0.61 per fully diluted share reported for the third quarter of last year. The Company reported that adjusted earnings per share increased 8.5% in the third quarter to $0.89 compared to $0.82 in the prior year, excluding the items described below.
The Company's 2014 third quarter results included two items noted below that affected the year-over-year quarterly comparison. The first item is a $0.31 per share expense for acquisition, integration and related costs. The second item is a $0.11 per share loss on the foreign currency translation of intercompany notes.
Net sales for the third quarter totaled $795.7 million compared to $567.2 million last year, an increase of 40.3%, 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 third quarter for the North American Retail Grocery segment increased 47.4%, sales for the Food Away From Home segment increased 1.9% and sales for the Industrial and Export segment increased 53.1%. Full report.
