EX-99.2 3 thsq12019ex992.htm EXHIBIT 99.2 Exhibit


Exhibit 99.2
TREEHOUSE FOODS, INC.
SEGMENT REALIGNMENT - NET SALES
QUARTERLY 2018
(In millions)
 
 
Q1
 
Q2
 
Q3
 
Q4
 
2018
 
 
(Unaudited)
Net sales to external customers - as previously reported
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
346.0

 
$
319.1

 
$
332.8

 
$
387.4

 
$
1,385.3

Beverages
 
249.1

 
236.4

 
236.3

 
286.6

 
1,008.4

Condiments
 
315.2

 
336.1

 
317.1

 
284.1

 
1,252.5

Meals
 
277.0

 
246.5

 
253.7

 
262.8

 
1,040.0

Snacks
 
293.9

 
317.7

 
254.1

 
260.2

 
1,125.9

Total net sales
 
$
1,481.2

 
$
1,455.8

 
$
1,394.0

 
$
1,481.1

 
$
5,812.1

 
 
 
 
 
 
 
 
 
 
 
Net sales to external customers - as recast
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
455.4

 
$
426.6

 
$
443.5

 
$
490.2

 
$
1,815.7

Beverages
 
249.1

 
236.4

 
236.3

 
286.6

 
1,008.4

Meal Solutions
 
523.3

 
518.5

 
504.5

 
481.7

 
2,028.0

Snacks
 
253.4

 
274.3

 
209.7

 
222.6

 
960.0

Total net sales
 
$
1,481.2

 
$
1,455.8

 
$
1,394.0

 
$
1,481.1

 
$
5,812.1



TREEHOUSE FOODS, INC.
SEGMENT REALIGNMENT - OPERATING INCOME (LOSS)
QUARTERLY 2018
(In millions)
 
 
Q1
 
Q2
 
Q3
 
Q4
 
2018
 
 
(Unaudited)
Operating income (loss) - as previously reported
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
28.0

 
$
30.7

 
$
35.2

 
$
55.9

 
$
149.8

Beverages
 
39.4

 
45.8

 
44.1

 
51.0

 
180.3

Condiments
 
27.2

 
36.2

 
49.4

 
35.7

 
148.5

Meals
 
29.9

 
28.4

 
29.8

 
37.8

 
125.9

Snacks
 
6.7

 
4.4

 
(3.8
)
 
(5.0
)
 
2.3

Total segment direct operating income
 
131.2

 
145.5

 
154.7

 
175.4

 
606.8

Unallocated operating expenses
 
139.9

 
142.3

 
123.8

 
132.9

 
538.9

Operating income (loss)
 
$
(8.7
)
 
$
3.2

 
$
30.9

 
$
42.5

 
$
67.9

 
 
 
 
 
 
 
 
 
 
 
Operating income (loss) - as recast
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
28.0

 
$
37.3

 
$
37.3

 
$
57.2

 
$
159.8

Beverages
 
39.4

 
45.8

 
44.1

 
51.0

 
180.3

Meal Solutions
 
56.2

 
58.0

 
74.0

 
69.3

 
257.5

Snacks
 
7.6

 
4.4

 
(0.7
)
 
(2.1
)
 
9.2

Total segment direct operating income
 
131.2

 
145.5

 
154.7

 
175.4

 
606.8

Unallocated operating expenses
 
139.9

 
142.3

 
123.8

 
132.9

 
538.9

Operating income (loss)
 
$
(8.7
)
 
$
3.2

 
$
30.9

 
$
42.5

 
$
67.9









TREEHOUSE FOODS, INC.
SEGMENT REALIGNMENT - NET SALES
QUARTERLY 2017
(In millions)
 
 
Q1
 
Q2
 
Q3
 
Q4
 
2017
 
 
(Unaudited)
Net sales to external customers - as previously reported
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
341.1

 
$
324.3

 
$
351.2

 
$
387.3

 
$
1,403.9

Beverages
 
268.0

 
246.2

 
244.9

 
314.3

 
1,073.4

Condiments
 
310.1

 
344.9

 
333.8

 
311.8

 
1,300.6

Meals
 
324.0

 
288.4

 
284.6

 
292.2

 
1,189.2

Snacks
 
290.6

 
317.0

 
332.6

 
394.3

 
1,334.5

Unallocated
 
2.4

 
1.4

 
1.7

 

 
5.5

Total net sales
 
$
1,536.2

 
$
1,522.2

 
$
1,548.8

 
$
1,699.9

 
$
6,307.1

 
 
 
 
 
 
 
 
 
 
 
Net sales to external customers - as recast
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
462.4

 
$
444.3

 
$
471.4

 
$
498.2

 
$
1,876.3

Beverages
 
268.0

 
246.2

 
244.9

 
314.3

 
1,073.4

Meal Solutions
 
557.1

 
559.2

 
543.1

 
534.6

 
2,194.0

Snacks
 
246.3

 
271.1

 
287.7

 
352.8

 
1,157.9

Unallocated
 
2.4

 
1.4

 
1.7

 

 
5.5

Total net sales
 
$
1,536.2

 
$
1,522.2

 
$
1,548.8

 
$
1,699.9

 
$
6,307.1



TREEHOUSE FOODS, INC.
SEGMENT REALIGNMENT - OPERATING INCOME (LOSS)
QUARTERLY 2017
(In millions)
 
 
Q1
 
Q2
 
Q3
 
Q4
 
2017
 
 
(Unaudited)
Operating income (loss) - as previously reported
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
41.9

 
$
32.5

 
$
46.9

 
$
54.2

 
$
175.5

Beverages
 
58.7

 
60.3

 
51.7

 
56.2

 
226.9

Condiments
 
31.7

 
36.0

 
34.4

 
34.4

 
136.5

Meals
 
34.0

 
33.8

 
32.1

 
37.4

 
137.3

Snacks
 
12.5

 
10.1

 
1.8

 
1.1

 
25.5

Total segment direct operating income
 
178.8

 
172.7

 
166.9

 
183.3

 
701.7

Unallocated operating expenses
 
111.5

 
196.5

 
109.3

 
697.2

 
1,114.5

Operating income (loss)
 
$
67.3

 
$
(23.8
)
 
$
57.6

 
$
(513.9
)
 
$
(412.8
)
 
 
 
 
 
 
 
 
 
 
 
Operating income (loss) - as recast
 
 
 
 
 
 
 
 
 
 
Baked Goods
 
$
48.4

 
$
40.9

 
$
52.5

 
$
60.0

 
$
201.8

Beverages
 
58.7

 
60.3

 
51.7

 
56.2

 
226.9

Meal Solutions
 
59.3

 
62.7

 
61.4

 
66.6

 
250.0

Snacks
 
12.4

 
8.8

 
1.3

 
0.5

 
23.0

Total segment direct operating income
 
178.8

 
172.7

 
166.9

 
183.3

 
701.7

Unallocated operating expenses
 
111.5

 
196.5

 
109.3

 
697.2

 
1,114.5

Operating income (loss)
 
$
67.3

 
$
(23.8
)
 
$
57.6

 
$
(513.9
)
 
$
(412.8
)