TreeHouse Foods, Inc. (NYSE:THS) Q1 2022 Earnings Conference Call May 9, 2022 8:30 AM ET
Company Participants
P.I. Aquino - VP, IR
Steven Oakland - President and CEO
William J. Kelley, Jr. - EVP and CFO
Conference Call Participants
Christopher Growe - Stifel, Nicolaus & Company
Jon Andersen - William Blair
Robert Moskow - Crédit Suisse
William Chappell - Truist Securities
Oliver Brotman - J.P. Morgan
Operator
Welcome to the TreeHouse Foods' First Quarter 2022 Conference Call. All participants will be in a listen-only mode. After today’s presentation there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded. At this time, I would like to turn the call over to TreeHouse Foods for the reading of the Safe Harbor Statement.
P.I. Aquino
Good morning, and thanks for joining us today. This morning, we issued a press released, which is available, along with the slide deck in the Investor Relations section of our website at treehousefoods.com.
Before we begin, we'd like to advise you that all forward-looking statements made on today's call are intended to fall within the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections and involve risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. Information concerning those risks is contained in the company's filings with the SEC. In addition, we will be discussing operating and financial results on an adjusted basis. A reconciliation of these non-GAAP measures referenced during today's discussion to their most direct comparable GAAP measures can be found in today's press release on our website. I'd now like to turn the call over to our CEO and President, Mr. Steve Oakland.
Steven Oakland
Thank you P.I. and good morning everyone. Before I get into the details of the quarter let me make a couple of quick comments around some strategic and governance updates since our last call. As a reminder we announced in mid-March that the Board unanimously decided that the focus of our ongoing strategic review will be on reshaping TreeHouse by building leadership and depth around a focused group of categories in our higher growth snacking and beverage businesses. While we will not be speculating on potential outcomes or the timing, it remains ongoing and we will continue to provide updates as we make progress.
We also announced several changes to our Board of Directors. We've recently welcomed Scott Ostfeld, partner with JANA Partners and Joe Scalzo, CEO of Simply Good Foods. Both are already contributing a great deal of unique financial and industry knowledge and insight. Scott and Joe will make great additions to TreeHouse. I want to thank Ashley Buchanan and John Gainor, who stepped down this year. They have brought excellent perspective to our Board and we greatly appreciate their time and contributions.