TreeHouse Foods profit tops forecasts
By Sony Kassam Despite increased competition and an unfavorable pricing environment, TreeHouse Foods Inc. released fourth quarter results that outperformed Wall Street’s expectations Thursday. The Oak Brook, Illinois-based provider of private label foods and beverages said net income rose 9.8 percent to $37.3 million, or 85 cents per diluted share, from $33.9 million, or 78 […]
Analysts predict strong earnings for Zimmer Biomet post-acquisition
By Sarah Very The hub of orthopedic innovation exists in Lilliputian, quaint Warsaw, Ind. — where news of corporate mergers and artificial joints fills radio broadcasts and coffee shop smalltalk. On June 24, 2015, Zimmer Inc. acquired crosstown rival Biomet Inc. for $13.35 billion — positioning Zimmer Biomet Holdings Inc. as the second largest company […]