Revenue during the quarter grew 20.94 percent to $1,536.20 million from $1,270.20 million in the previous year period. Gross margin for the quarter expanded 96 basis points over the previous year period to 18.64 percent. Total expenses were 95.62 percent of quarterly revenues, down from 98.50 percent for the same period last year. This has led to an improvement of 289 basis points in operating margin to 4.38 percent.

Operating income for the quarter was $67.30 million, compared with $19 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $154.10 million compared with $125.30 million in the prior year period. At the same time, adjusted EBITDA margin improved 17 basis points in the quarter to 10.03 percent from 9.86 percent in the last year period.

"This quarter we took meaningful actions to deliver on our transformation," said Sam K. Reed, chairman and chief executive officer. "We are particularly pleased with the excellent progress we have made toward the integration of Private Brands. Our information technology work is progressing ahead of schedule and will strengthen our ability to support our customers’ private label growth initiatives. In addition, we completed the closure of two previously announced facilities, and at the end of April we announced the sale of our Soup and Infant Feeding business to Insight Equity."

For financial year 2017, TreeHouse Foods, Inc. forecasts diluted earnings per share to be in the range of $3.38 to $3.58. It forecasts diluted earnings per share to be in the range of $3.50 to $3.70 on adjusted basis for the same period.

For the second-quarter, TreeHouse Foods, Inc. forecasts diluted earnings per share to be in the range of $0.45 to $0.55.