| Address:
|
TWO WESTBROOK CORPORATE CENTER
SUITE 1070 |
| City: |
WESTCHESTER |
|
State: |
IL |
|
Zip Code: |
60154 |
| Telephone: |
708-483-1300 |
|
Description of Business
|
Primary SIC Code:
2030 |
| (As filed with the SEC)
|
|
|
References herein to "we," "us," "our," "Company" and "TreeHouse" refers to
TreeHouse Foods, Inc. and its consolidated subsidiaries unless the context
specifically states or implies otherwise.
TreeHouse is a Delaware corporation incorporated on January 25, 2005 by Dean
Foods Company to accomplish a spin-off of certain specialty businesses to its
shareholders which was completed on June 27, 2005. Since the Company began
operating as an independent entity, it has expanded its product offerings
through a number of acquisitions:
. On April 24, 2006, the Company acquired the private label soup and infant
feeding business from Del Monte Corporation ("Soup and Infant Feeding").
. On May 31, 2007, the Company acquired VDW Acquisition, Ltd ("San Antonio
Farms") a manufacturer of Mexican sauces.
. On October 15, 2007, the Company acquired the assets of E.D. Smith Income
Fund ("E.D. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 2.51 | NA | 24.64 | | 06/2011 | 2.37 | NA | 23.04 | | 03/2011 | 2.58 | NA | 22.04 | | 12/2010 | 2.51 | NA | 20.35 | | 09/2010 | 2.40 | NA | 19.21 | | 06/2010 | 2.58 | NA | 17.70 | | 03/2010 | 2.56 | NA | 17.14 | | 12/2009 | 2.48 | NA | 15.67 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.13 | Total Liab/Total Assets | 0.59 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.65 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 2.01 | | Pretax Inc/Net Sales | 0.08 | Interest Coverage Ratio | 3.99 | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.13 | LTD/Equity | 1.00 | | SG&A/NetSales | 0.13 | Total Debt/Equity | 1.00 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 16.51 | Quick Ratio | 0.75 | | Inventory Turnover | 5.02 | Current Ratio | 2.17 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.30 | | Net Sales/Work Cap | 7.65 | Inv/Curr Assets | 0.65 | | Net Sales/PP&E | 4.70 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
528.05
|
492.62
|
493.51
|
509.46
|
|
Cost of Goods Sold
|
402.52
|
383.18
|
372.59
|
383.29
|
|
Selling & Admin Exps
|
64.04
|
67.51
|
68.15
|
62.02
|
|
Operating Income
|
52.65
|
33.61
|
44.72
|
56.57
|
|
Interest Exp
|
NA
|
NA
|
NA
|
45.69
|
|
Pretax Income
|
45.12
|
21.24
|
29.94
|
42.73
|
|
Other Income
|
5.07
|
1.10
|
-0.94
|
0.38
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
30.39
|
14.35
|
19.81
|
28.08
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
3.08
|
2.35
|
2.38
|
6.32
|
|
Receivables - Total
|
148.93
|
120.37
|
133.10
|
130.14
|
|
Inventories - Total
|
367.45
|
320.67
|
299.15
|
287.40
|
|
Total Current Assets
|
538.41
|
458.15
|
450.78
|
440.80
|
|
Net Property, Plant & Equipment
|
400.42
|
392.26
|
381.22
|
386.19
|
|
Total Assets
|
2,476.06
|
2,407.72
|
2,397.19
|
2,391.25
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
201.98
|
205.50
|
195.90
|
202.38
|
|
Debt in Current Liabilities
|
2.24
|
1.23
|
0.97
|
0.98
|
|
Total Current Liabilities
|
204.22
|
206.73
|
196.87
|
203.36
|
|
Long-Term Debt
|
990.47
|
940.32
|
951.87
|
976.45
|
|
Total Liabilities
|
1,435.45
|
1,384.02
|
1,385.19
|
1,413.28
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.36
|
0.36
|
0.36
|
0.35
|
|
Retained Earnings
|
350.72
|
320.33
|
305.99
|
286.18
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,040.61
|
1,023.70
|
1,012.00
|
977.97
|
|
Total Liabilities and Stockholders' Equity
|
2,476.06
|
2,407.72
|
2,397.19
|
2,391.25
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-20.16
|
38.29
|
32.75
|
94.00
|
|
Net Cash Provided by Investing Activities
|
-24.23
|
-19.43
|
-13.29
|
-194.20
|
|
Net Cash Provided by Financing Activities
|
47.36
|
-18.73
|
-24.19
|
102.42
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 939.40 | 44.86 | 1.42 | | 12/2007 | 1,157.90 | 41.62 | 1.33 | | 12/2008 | 1,500.65 | 28.22 | 0.91 | | 12/2009 | 1,511.65 | 81.31 | 2.48 | | 12/2010 | 1,817.02 | 90.92 | 2.51 | | Growth Rates | 17.93 | 19.32 | 15.30 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 212 | 36,080 | -- |
|
Report Date :
2/6/2012
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