TreeHouse Foods, Inc. (THS) reported that its second-quarter net income increased to $21.76 million or $0.57 per share, from $18.56 million or $0.50 per share, last year. Adjusted earnings per share was $0.84, for the quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.83 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $627.96 million from $526.35 million, last year. Analysts expected revenue of $616.58 million for the quarter.
The company raised its full year 2014 adjusted earnings per share guidance by $0.10 to $0.15 to a range of $3.60 to $3.75, reflecting the accretion from the recently completed acquisitions of Flagstone Foods and Protenergy Natural Foods. Analysts expect the company to report fiscal 2014 earnings per share of $3.67.
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