TreeHouse Foods Inc. (THS) reported fourth-quarter net icnome of $25.22 million or $0.68 per share compared to $29.86 million or $0.81 per share last year. Net sales increased to $592.78 million from $535.80 million last year.
The company noted that its 2012 fourth-quarter results included one unusual item that affected the year-over-year quarterly comparison, an $0.18 per share expense for restructuring charges. Adjusted profit per share was $0.86 compared to $0.85 last year.
On average, 16 analysts polled by Thomson Reuters expected the company to report profit of $0.86 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $577.90 million for the quarter.
For the full year 2013, TreeHouse expects adjusted earnings per share to increase by a range of 8% to 11%, to $3.00 to $3.10 per share. Analysts expect the company to report 2013 profit per share of $3.10.
For comments and feedback: editorial@rttnews.com