Treehouse Foods Inc. said its second-quarter normalized net income was 33 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.
EPS decreased 52.7% year over year from 69 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.8 million, a decrease of 37.9% from $30.3 million in the prior-year period.
The normalized profit margin fell to 1.2% from 4.0% in the year-earlier period.
Total revenue climbed year over year to $1.54 billion from $759.2 million, and total operating expenses increased year over year to $1.48 billion from $704.0 million.
Reported net income fell 50.8% year over year to $15.5 million, or 27 cents per share, from $31.4 million, or 72 cents per share.