TreeHouse Foods rises on cost-reduction actions

Shares of food processing company TreeHouse Foods THS.N rise 8.9% to $23.58

THS says it is implementing cost-savings actions to 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 leave the organization effective May 30 and roles will be eliminated

Separately, co posts preliminary Q1 2025 results of at least $792 mln of adjusted net sales and at least $52 mln of adjusted EBITDA

Co had posted net sales of $820.7 million and adjusted EBITDA of $46 million in Q1 2024

Co's forecasts 2025 adjusted annual net sales in range of $3.34 billion to $3.40 billion

Stifel says THS provided a tariff update with only 5% of sales occurring outside U.S. and nearly all finished goods comply with U.S.-Mexico-Canada Agreement, suggesting minimal impact

Up to last close, stock has fallen 33.1% YTD