THS on NYSE

Isac

Logo: https://www.treehousefoods.com/home/default.aspx, Non-free logo, via Wikipedia4

American food company

TreeHouse Foods Inc. is a multinational food processing company founded in 2005 that specializes in the production of private label packaged foods.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2005Founded1

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  • TickerTHS on NYSE1
  • Industryfood industry1
  • HeadquartersOak Brook1
  • Websitewww.treehousefoods.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address2021 Spring Road, Suite 600, Oak Brook, Il 605235
  • Filer categoryLarge accelerated filer5

TreeHouse Foods Inc. is a multinational food processing company founded in 2005 that specializes in the production of private label packaged foods. Headquartered in Oak Brook, Illinois, and consisting entirely of acquisitions, it had $2 billion in sales and over 4,000 employees in 20 facilities in 2010.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

16.4%Gross margin7
3.1%Operating margin7
0.8%Net margin7
-2.3%Revenue growth, 20247
1.7%Return on equity7
0.91×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue84¢$2.8B
  • Research and development0¢$13.9M
  • Other costs15¢$501.4M
  • Income tax0¢$6.2M
  • Profit1¢$26.9M

Out of $3.4B in revenue.7

Where each dollar of operating cash went, fiscal 2024

  • Share buybacks56¢$149.7M
  • Kept or used elsewhere44¢$116.1M

Out of $265.8M of cash from operations.7

Financial statements

Revenue8910117$3.4B in 2024−27% since 2018
0$2.0B$4.0B$6.0B2018: $4.6B$4.6B20182019: $4.3B$4.3B2019−7%2020: $3.0B$3.0B2020−30%2021: $2.8B$2.8B2021−6%2022: $3.3B$3.3B2022+17%2023: $3.4B$3.4B2023+4%2024: $3.4B$3.4B2024−2%
Gross profit8910117$548.4M in 2024−39% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $892.2M$892.2M20182019: $796.8M$796.8M2019−11%2020: $544.7M$544.7M2020−32%2021: $471.6M$471.6M2021−13%2022: $522.4M$522.4M2022+11%2023: $576.1M$576.1M2023+10%2024: $548.4M$548.4M2024−5%
Operating income8910117$103.1M in 2024+24% since 2018
-$50.0M0$50.0M$100.0M$150.0M2018: $83.4M$83.4M20182019: -$16.1M-$16.1M20192020: $2.7M$2.7M20202021: -$44.2M-$44.2M20212022: -$12.6M-$12.6M2022−71%2023: $146.9M$146.9M20232024: $103.1M$103.1M2024−30%
Net income8910117$26.9M in 2024
-$400.0M-$200.0M0$200.0M2018: -$64.4M-$64.4M20182019: -$361.0M-$361.0M2019+461%2020: $13.8M$13.8M20202021: -$12.5M-$12.5M20212022: -$146.3M-$146.3M2022+1070%2023: $53.1M$53.1M20232024: $26.9M$26.9M2024−49%
Fiscal year2018201920202021202220232024
Revenue$4.6B8$4.3B9$3.0B10$2.8B11$3.3B7$3.4B7$3.4B7
Cost of revenue$3.7B8$3.5B9$2.4B10$2.3B11$2.8B7$2.9B7$2.8B7
Gross profit$892.2M8$796.8M9$544.7M10$471.6M11$522.4M7$576.1M7$548.4M7
Research and development$19.2M8$18.8M9$12.2M10$13.6M11$12.4M7$13.0M7$13.9M7
Selling, general and admin$592.9M14$510.1M14
Operating income$83.4M8-$16.1M9$2.7M10-$44.2M11-$12.6M7$146.9M7$103.1M7
Interest$105.4M8$102.4M9$92.6M10$72.1M11$69.9M11$74.8M11
Income tax-$11.4M8-$45.5M9-$61.1M10-$17.6M11$10.3M7$24.4M7$6.2M7
Net income-$64.4M8-$361.0M9$13.8M10-$12.5M11-$146.3M7$53.1M7$26.9M7
Earnings per share-$1.158-$6.429$0.2410-$0.2211-$2.617$0.957$0.527
Earnings per share (diluted)-$1.158-$6.429$0.2410-$0.2211-$2.617$0.947$0.517

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The story

In 2005, when TreeHouse began trading on the New York Stock Exchange, Bay Valley Foods, LLC became its division after Dean Specialty Foods was spun off from Dean Foods. Michelle Obama was a member of the board of directors from 2005 through 2007.

On October 22 2024, Treehouse foods recalled over 100 varieties of frozen pre-made waffle and pancake products.

Acquisitions and divestitures

2006: Acquired the soup business of Del Monte Foods.

2007: Acquired the salsa and picante business of San Antonio Farms, acquired jam, jelly, syrup and pie-filling (both brand name and private-label) producer E. D. Smith, founded by the Canadian politician E. D. Smith

2010: Acquired Sturm Foods and S.T. Specialty Foods

2013: Acquired Naturally Fresh, Inc., Cains Foods, and Associated Brands

2014: Made a bid to acquire Michael Foods Group Inc

In April 2014, TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments.

Read the full text

In June 2014, TreeHouse announced that it was buying Minnesota-based Flagstone Foods for $860 million as a way to gain access to the growing healthy snacks category. The company said the acquisition would push its annual turnover towards $3.5 billion.

2016: Acquired Ralcorp, the ConAgra Foods private-brand business division, for $2.7B.

2018: Sold McCann's Steel Cut Irish Oatmeal, acquired with Sturm Foods in 2010, to B&G Foods for $32 million.

2020: Acquired majority of Ebro's Riviana Foods U.S. branded pasta business for $242.5 million in cash. The acquisition included the following regional pasta brands: Skinner, No Yolks, American Beauty, Creamette, San Giorgio, Prince Spaghetti and Light 'n Fluffy, Mrs. Weiss', New Mill, P&R Procino-Rossi and Wacky Mac, as well as the St. Louis manufacturing facility, which employs approximately 90 people.

2022: The pasta business and E. D. Smith, along with Knox gelatin, were sold in October to Investindustrial for $950 million and renamed Winland Foods.

2024: Acquired the Bick's brand from J. M. Smucker.

From Wikipedia’s article on TreeHouse Foods, shared under CC BY-SA 4.0.6

Leadership

Who has led Isac, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (49)

Products and brands

Subsidiaries

Bay Valley Foods, LLC

Bay Valley Foods traces its earliest predecessor back to the 1862 establishment of a company that would become Alart & McGuire, a pioneering New York pickle manufacturer. Alart & McGuire was operating in Virginia by 1893, and had expanded as far west as Wisconsin by 1907. The company built a large pickle factory in Green Bay, Wisconsin in 1917. In 1925, Alart & McGuire was sold to Arnold Brothers Pickle and Preserve Co., incorporated in Chicago in 1922. Arnold Brothers became Green Bay Food Company around 1929.

Its modern history begins with a portfolio of products assembled by Dean Foods, a large dairy producer founded in Illinois in 1925. Dean Milk Company purchased Green Bay Food Company in 1962, one of its first acquisitions outside of the dairy industry. Dean Milk Company changed its name to Dean Food Company a year later, and continued to grow though a series of acquisitions over the following decades. Green Bay Food Company was renamed Dean Pickle and Specialty Products Company in 1994. On January 27, 2005, Dean Foods announced that it was exiting the specialty foods segment. The assets of Dean's Specialty Foods Group were transferred to the newly-created Bay Valley Foods, with administrative offices in Green Bay, Wisconsin, on June 27, 2005.

Sturm Foods, Inc.

Sturm Foods began in 1905 as a dairy farm in Manawa, Wisconsin operated by Arthur Sturm and his sons Carl, Clarence, Paul, and Arthur, Jr. It began to grow when they started buying eggs from local farmers and shipping them to relatives in Chicago to sell in the city. During the 1930s they expanded into other bulk commodities, including sugar, seed, twine, potatoes, flour, coal, and gasoline. They produced large quantities of powdered eggs and powdered milk for the military during World War II, which led to the installation of their first packaging lines for consumer-sized products. The company began producing private label products for retailers in the early 1970s. It saw further expansion during the 1980s and '90s, growing from 150 to 500 employees. In July 2000, the company changed its name from A. Sturm & Sons to Sturm Foods. Private equity firm Hicks, Muse, Tate & Furst, which later became HM Capital Partners, bought the company in May 2005.

On December 21, 2009, TreeHouse Foods announced that it had reached an agreement to purchase Sturm Foods from HM Capital Partners for $660 million. To finance the purchase, TreeHouse sold $400 million of new bonds carrying an eight year term and an interest rate of 7.75%, and issued 2.7 million shares of stock at $43.00 per share. The remainder was funded from its revolving credit facility. The company cited Sturm's strength in private label hot cereal and powdered drink mixes as key benefits of the deal, and expected the purchase to add $0.38 to $0.40 per share to its annual earnings, a 16% increase. Sturm had $340 million in sales for the year ending September 30, 2009, and 750 employees. The sale was completed March 2, 2010.

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Business model

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S. It services both the retail grocery and the foodservice distribution channels.

In addition to private-brand non-dairy creamers, single-serving coffee pods, baby foods, salad dressings, marinades, dips, soups, sauces, dry-mix pasta dinners, jams, spreads, and cereals, the company also maintains several brand-name products including Cremora non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.

From Wikipedia’s article on TreeHouse Foods, shared under CC BY-SA 4.0.6

Timeline

  1. Apr 3, 2018New chief executive Steven Oakland becomes CEO16
  2. Jun 28, 2005Went public Listed on NYSE1
  3. 2005Founded Founded1

Filings

360 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 50 major events, 219 insider forms, 38 large holders, 36 other. The latest 20:

  1. Apr 9, 2026SCHEDULE 13G/A EDGAR
  2. Feb 23, 202615-12G EDGAR
  3. Feb 13, 2026SCHEDULE 13G EDGAR
  4. Feb 12, 20264 EDGAR
  5. Feb 12, 20263 EDGAR
  6. Feb 11, 20264 EDGAR
  7. Feb 11, 20264 EDGAR
  8. Feb 11, 20264 EDGAR
  9. Feb 11, 20264 EDGAR
  10. Feb 11, 20264 EDGAR
  11. Feb 11, 20264 EDGAR
  12. Feb 11, 20264 EDGAR
  13. Feb 11, 20264 EDGAR
  14. Feb 11, 2026S-8 POS EDGAR
  15. Feb 11, 2026S-8 POS EDGAR
  16. Feb 11, 2026S-8 POS EDGAR
  17. Feb 11, 2026S-8 POS EDGAR
  18. Feb 11, 2026S-8 POS EDGAR
  19. Feb 11, 2026S-8 POS EDGAR
  20. Feb 11, 2026S-8 POS EDGAR

The 360 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 38 such filings since October 2021, the latest 10:

  1. Apr 9, 2026SCHEDULE 13G/A
  2. Feb 13, 2026SCHEDULE 13G
  3. Feb 11, 2026SCHEDULE 13D/A
  4. Jan 8, 2026SCHEDULE 13G/A
  5. Jan 8, 2026SCHEDULE 13G/A
  6. Nov 14, 2025SCHEDULE 13G/A
  7. Nov 13, 2025SCHEDULE 13D/A
  8. Oct 17, 2025SCHEDULE 13G/A
  9. Aug 14, 2025SCHEDULE 13G
  10. Aug 6, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

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