TreeHouse Foods rises on cost-reduction actions

Shares of food processing company TreeHouse Foods THS.N rise 5% to $22.73 in extended trading

THS says it is implementing planned actions to achieve significant cost savings, and enhance profitability and cash flow while improving quality and service levels

Co says Scott Tassani, executive vice president, business president and chief commercial officer, will be leaving the organization effective May 30 and co will be eliminating this role

THS will be centralizing and reorganizing its corporate support functions, which will lead to the elimination of about 150 roles

Co reports preliminary Q1 2025 results of at least $792 mln of adjusted net sales and at least $52 mln of adjusted EBITDA; reiterates 2025 outlook

Up to last close, stock had fallen ~38% YTD