February 15, 2018 / 12:23 PM / 8 months ago

BRIEF-TreeHouse Foods Q4 Adjusted Earnings Per Share $1.02

Feb 15 (Reuters) - Treehouse Foods Inc:

* TREEHOUSE FOODS, INC. REPORTS FOURTH QUARTER 2017 RESULTS, PROVIDES 2018 GUIDANCE; COMPANY ANNOUNCES SG&A REDUCTION TARGET OF $30 MILLION IN 2018; $55 MILLION RUN RATE EXPECTED AT THE END OF 2018

* SEES Q4 2017 ADJUSTED EARNINGS PER SHARE $1.02

* SEES FY 2018 EARNINGS PER SHARE $2.00 TO $2.40 EXCLUDING ITEMS

* SEES Q4 2017 LOSS PER SHARE $5.40

* PLANS TO REDUCE SALARIED HEADCOUNT ACROSS ORGANIZATION BY MID-YEAR 2018

* Q4 EARNINGS PER SHARE VIEW $0.93, REVENUE VIEW $1.69 BILLION — THOMSON REUTERS I/B/E/S

* NET SALES ARE EXPECTED TO DECREASE IN 2018 TO APPROXIMATELY $5.9 TO $6.1 BILLION

* IN QUARTER, ‍COMPANY RECORDED IMPAIRMENT LOSSES OF $276.4 MILLION RELATED TO SNACKS SEGMENT’S GOODWILL​

* EXPECTS SAVINGS IN 2018 TO TOTAL ABOUT $30 MILLION, WITH A RUN RATE IMPACT OF $55 MILLION EXITING

* ‍IN REGARD TO Q1 OF 2018, COMPANY EXPECTS EARNINGS IN RANGE OF $0.10 TO $0.20 PER FULLY DILUTED SHARE​ Source text for Eikon: Further company coverage:

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