TreeHouse Foods, Inc. (NYSE:THS) Q2 2024 Earnings Conference Call August 5, 2024 8:30 AM ET
Company Participants
Matt Siler - Investor Relations
Steven Oakland - Chairman, Chief Executive Officer and President
Patrick O'Donnell - Executive Vice President and Chief Financial Officer
Conference Call Participants
Andrew Lazar - Barclays
Matt Smith - Stifel
Robert Moskow - TD Cowen
Carla Casella - J.P. Morgan & Chase
William Reuter - Bank of America
Jack Crawford - Truist Sec CIB
Jim Salera - Stephens, Inc.
Operator
Welcome to the TreeHouse Foods', Second Quarter 2024 Conference Call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.
At this time, I would like to turn the call over to Matt Siler of TreeHouse Foods for the reading of the Safe Harbor statement.
Matt Siler
Good morning, and thank you for joining us today. Earlier this morning, we issued our Second Quarter earnings release and posted our earnings deck, both of which are available within the investor relations section of our website at treehousefoods.com.
Before we begin, I would 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 these risks is contained in the company's filings with the SEC.
On September 29th, 2023, we completed the divestiture of our Snack Bars business. Consistent with prior quarters, we will discuss our results on an adjusted continuing operations basis. A reconciliation of non-GAAP measures to their most direct comparable GAAP measures can be found in the release, and the appendix tables in today's earnings deck.
With that, let me now turn the call over to our Chairman, CEO and President, Mr. Steve Oakland.
Steven Oakland
Thank you, Matt, and good morning, everyone. I'm happy to be here with you today to discuss our Second Quarter Financial Results and our update on the outlook for the remainder of the year.
First, I'd like to reflect on the first half of 2024 where we met our financial objectives. We achieved the upper end of our net sales guidance and came within a few million dollars of the upper-end of our adjusted EBITDA range. We made significant progress converting a set of net sales pipeline opportunities which should contribute to positive volume growth in the second half. Additionally, we executed well against our supply chain initiatives, driving improved service levels across our network, as well as securing anticipated savings which will provide benefits this year and beyond.