Sees Q1 adjusted EBITDA $38M-$46M. Oakland continued, “As a result the board and management are executing a plan to drive more profitable business through the organization, including making strategic decisions on margin management on new and existing business with a goal of prioritizing gross profit dollars. We are also focused on additional efficiency opportunities across the organization that, along with declining levels of capex as we complete growth-related investments, can drive improved profitability and cash flow. We believe these actions will position the business well in the near-term and provide the opportunity for significant operating leverage when our categories return to growth.”
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THS:
- THS Upcoming Earnings Report: What to Expect?
- TreeHouse price target raised to $35 from $32 at Stifel
- TreeHouse price target raised to $35 from $32 at Barclays
- Morning Movers: U.S. Steel falls after President Biden blocks Nippon deal
- TreeHouse sees $205M acquisition of Harris Tea accretive, backs prior FY24 view