TreeHouse backs FY24 revenue $3.43B-$3.5B, consensus $3.45B

Backs FY24 adjusted EBITDA view $360M-$390M. Sees FY24 capital expenditures $145M. Sees FY24 free cash flow $130M. Oakland continued, “While the downtime at our broth facility impacted first quarter profitability, restart of that facility coupled with our meaningful supply chain savings initiatives position us well to expand margin through the rest of the year and deliver our full year profitability guidance. I am pleased with the focus throughout the Company and continue to see a long runway for growth as we invest in opportunities to strengthen capabilities and depth in our higher growth, higher margin snacking and beverage categories. I look forward to updating you on our progress throughout the remainder of 2024.”