ST. LOUIS, Jan. 9, 2025 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it will hold a conference call on Friday, February 7, 2025 at 9:00 a.m. ET to discuss financial results for the first quarter of fiscal year 2025 and fiscal year 2025 outlook and to respond to questions. Robert V. Vitale, President and Chief Executive Officer, Jeff A. Zadoks, Executive Vice President and Chief Operating Officer, and Matthew J. Mainer, Executive Vice President, ...

Post Holdings, Inc. (POST) is trading at an attractive valuation, considering its price-to-sales (P/S) multiple, which is lower than the Zacks Food – Miscellaneous industry and the broader Consumer Staples sector. POST’s forward 12-month P/S ratio is 0.79, lower than the industry average of 1.30 and the sector average of 7.67.This relative undervaluation, coupled with a strong Value Score of A, positions Post Holdings as a compelling choice for value-focused investors within the consumer staple space.Howeve ...

ST. LOUIS, Dec. 18, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today released its 2024 Sustainability report. The report details Post's enterprise-wide approach and progress with sustainability efforts across four strategic pillars: Sourcing, Operations, People and Products.In fiscal year 2024, Post made meaningful progress in sustainability, including the following highlights: Developed an evolved framework and approach to sustainability. Outperformed h ...

ST. LOUIS, Nov. 15, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced it intends to redeem the remaining $464.9 million in aggregate principal amount of its outstanding 5.625% senior notes due January 2028 (CUSIPS: 737446AN4 and U7318UAN2) (the "2028 Notes") on December 2, 2024 (the "redemption date"). The 2028 Notes will be redeemed at a redemption price of 100.938% of the principal amount thereof, plus the accrued and unpaid interest to, but excluding, the rede ...

Financial Data and Key Metrics Changes - The company reported consolidated net sales of $2 billion for Q4 FY 2024, with adjusted EBITDA of $349 million, reflecting a 3% increase in net sales driven by acquisitions, while sales excluding acquisitions remained flat [17][18] - Adjusted EBITDA grew by 45% over the last two years, with approximately $1 billion in free cash flow generated during this period [7][8] - The company reduced net leverage by more than a full turn over the last two years, maintaining a net leverage ratio of 4.3 times [9][23] Business Line Data and Key Metrics Changes - Post Consumer Brands (PCB) saw a 3% decrease in net sales and a 6% decline in volumes, primarily due to the repatriation of pet food manufactured for Smucker's [18] - Foodservice net sales increased by 5%, with volumes up 4%, driven by distribution gains in egg and potato products [19] - Refrigerated Retail experienced a 3% decrease in net sales, while volumes increased by 1%, with strong performance in side dishes offset by losses in egg and cheese products [20] Market Data and Key Metrics Changes - The cereal category saw a decline of 2.6%, aligning with pre-COVID historical trends, while the company's branded portfolio outperformed the category [12] - Pet consumption volumes decreased by approximately 2%, with the overall share remaining relatively flat [12] - In the UK, cereal category volumes pulled back by 2%, with branded biscuits down 3% [15][16] Company Strategy and Development Direction - The company aims to return to algorithmic growth with a focus on capital allocation and evaluating M&A opportunities, maintaining a disciplined approach to valuation [9][10] - The strategy includes optimizing the manufacturing network and enhancing the performance of premium brands, particularly through the relaunch of Nutrish [13][50] - The company is focused on cost-out opportunities and network optimization to improve margins and operational efficiency [16][63] Management's Comments on Operating Environment and Future Outlook - Management anticipates a more normalized operating environment in FY 2025, with inflation levels stabilizing but consumer volumes remaining under pressure [9] - The company expects FY 2025 adjusted EBITDA to range between $1.41 billion and $1.46 billion, with a balanced quarterly cadence [24] - Management expressed confidence in the long-term recovery of margins and growth opportunities across various segments, despite current challenges [16][40] Other Important Information - The company generated approximately $500 million in free cash flow for the fiscal year, net of elevated CapEx [22] - The company repurchased 400,000 shares in Q4 at an average price of $107.48 per share, totaling approximately 3 million shares for the fiscal year [23] - The company completed the closure of its Lancaster cereal plant on time and on budget, improving capacity utilization [13] Q&A Session Summary Question: Concerns about top-line declines in segments - Management acknowledged the need to manage lower-margin business and emphasized the importance of optimizing the network to address volume declines [26][27] Question: Private label volume trends - Management reported no erosion in private label penetration and noted growth in private label within the cereal category [28][29] Question: Egg market volatility and pricing - Management indicated that they are less susceptible to market volatility due to their value-added offerings, while still facing cost pressures [31][32] Question: Key factors affecting EBITDA guidance - Management highlighted ERP conversions and pressures in specific product lines as factors influencing EBITDA guidance [33][34] Question: Foodservice growth levers - Management identified foot traffic in QSRs and migration to value-added products as key drivers for Foodservice EBITDA growth [35][36] Question: Pet business growth and network optimization - Management discussed ongoing network optimization efforts and the potential for growth in the pet segment through strategic investments [39][50] Question: Weetabix margin recovery timeline - Management indicated that margin recovery for Weetabix is a multi-year journey, with expectations for improvement in the latter half of the fiscal year [40][41] Question: Consumption trends in various categories - Management projected low single-digit declines for cereal and moderate growth for other categories, with expectations for stabilization [42][44] Question: Impact of major customers on Foodservice margins - Management noted that growth from major customers could significantly benefit margins, but they are not planning for immediate changes in trends [46][47] Question: Future investment in pet business - Management expressed a willingness to invest in the existing portfolio while evaluating opportunities in private label and contract manufacturing [49][50] Question: Potato business fundamentals - Management remains optimistic about the growth potential in the Foodservice potato segment, despite challenges in the retail market [52][53] Question: EBITDA guidance and revenue growth expectations - Management indicated that while they expect revenue growth to improve, they are not forecasting significant changes in current volume trajectories [55][56] Question: Competitive activity in the cereal category - Management noted that competitors are maintaining rational promotional levels, which could provide profit opportunities if the category stabilizes [57][59]

Financial Performance - Net sales increased by $931.7 million, or 13%, to $7,922.7 million for the year ended September 30, 2024, compared to $6,991.0 million in the prior year[146] - Operating profit rose by $194.6 million, or 32%, to $793.5 million for the year ended September 30, 2024, driven by higher segment profit in Post Consumer Brands, Weetabix, and Refrigerated Retail segments[148] - The company reported net earnings of $366.7 million for the year ended September 30, 2024, an increase of $65.4 million, or 22%, from the prior year[146] Segment Performance - Net sales for the Post Consumer Brands segment increased by $1,076.5 million, or 35%, for the year ended September 30, 2024, compared to the prior year[157] - Segment profit for Post Consumer Brands increased by $162.4 million, or 43%, driven by higher net sales, partially offset by increased product costs[159] - Weetabix segment net sales increased by $31.1 million, or 6%, for the year ended September 30, 2024, primarily due to the inclusion of ten months of Deeside net sales[160] - Foodservice segment net sales decreased by $118.8 million, or 5%, for the year ended September 30, 2024, primarily due to lower egg product sales[161] - Refrigerated Retail segment net sales decreased by $57.5 million, or 6%, for the year ended September 30, 2024, driven by lower average net selling prices across all product categories[163] Costs and Expenses - Interest expense increased by $37.4 million, or 13%, to $316.5 million for the year ended September 30, 2024, due to higher average outstanding principal amounts of debt and a higher weighted-average interest rate of 5.1%[149] - The company incurred increased costs due to outbreaks of highly pathogenic avian influenza, which impacted its Foodservice and Refrigerated Retail segments[144] - General corporate expenses decreased by $21.0 million, or 9%, for the year ended September 30, 2024, due to increased net gains related to mark-to-market adjustments[164] Acquisitions and Investments - The company completed the acquisition of Perfection Pet Foods, LLC and Deeside Cereals I Ltd on December 1, 2023, enhancing its product offerings in the pet food and cereal markets[142] - The company recorded a gain of $5.1 million related to its investment in BellRing Brands, Inc. during the year ended September 30, 2023[153] Tax and Compliance - The effective income tax rate decreased to 22.3% for fiscal 2024 from 24.1% in fiscal 2023[154] - The company continues to evaluate the impact of the OECD's global tax reform initiative, Pillar 2, but does not expect it to materially affect its effective income tax rate[155] - Compliance with a secured net leverage ratio not exceeding 4.25 to 1.00 as of September 30, 2024[181] Cash Flow and Financing - $931.7 million cash provided by operating activities for the year ended September 30, 2024, an increase of $181.4 million compared to $750.3 million in 2023[175] - Cash used in investing activities was $677.5 million in fiscal 2024, primarily due to capital expenditures of $429.5 million and net cash payments of $248.1 million related to acquisitions[176] - Cash provided by financing activities was $415.6 million in fiscal 2024, including proceeds of $1,200.0 million from the issuance of 6.375% senior notes and $1,000.0 million from 6.25% senior secured notes[178] - Total net repayments of debt amounted to $2,041.6 million in fiscal 2024, including repayments of $1,003.4 million on senior notes and $400.0 million on the Fourth Incremental Term Loan[178] Share Repurchase - $303.1 million spent on repurchasing 3.0 million shares of common stock at an average price of $101.74 per share[175] - $387.1 million spent on repurchasing 4.4 million shares of common stock in fiscal 2023 at an average price of $87.13 per share[179] Goodwill and Fair Value - No goodwill impairment charges were recorded for the year ended September 30, 2024, compared to a charge of $42.2 million in the prior year[165] - The estimated fair value of indefinite-lived trademarks and brands exceeded book value by 9% or greater at September 30, 2024[188] - Goodwill for the Cheese and Dairy and Weetabix reporting units exceeded carrying values by approximately 5.3% and 5.2%, respectively, as of September 30, 2024[190] - A goodwill impairment charge of $42.2 million was recorded in fiscal 2023 related to the Cheese and Dairy reporting unit due to narrowing pricing gaps and declining profitability[190] Market Conditions - The company experienced inflationary pressures on input costs and shifting consumer preferences towards private label products, impacting sales volumes in several segments[144] - Input cost inflation during fiscal 2023 pressured profit margins, which were largely mitigated through pricing actions, cost savings measures, and hedging programs[182] - The company expects inflationary pressures on certain input costs to ease in fiscal 2024, while others will continue to face inflation, impacting future operations[182] - Demand for certain products is influenced by holidays and seasons, impacting customer spending patterns and promotional activities[182] - Consolidated net sales were positively affected by foreign currency exchange rates by less than 1% during the year ended September 30, 2024[183]

Post Holdings, Inc. (POST) reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines cruised ahead of the Zacks Consensus Estimate, and sales increased year over year.Post Holdings’ Q4 Metrics in DetailThe company posted adjusted earnings of $1.53 per share, surpassing the Zacks Consensus Estimate of $1.19. However, the bottom line declined from the adjusted earnings of $1.63 per share recorded in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar ...

For the quarter ended September 2024, Post Holdings (POST) reported revenue of $2.01 billion, up 3.3% over the same period last year. EPS came in at $1.53, compared to $1.63 in the year-ago quarter.The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $1.96 billion. With the consensus EPS estimate being $1.19, the EPS surprise was +28.57%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Post Holdings (POST) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this cereal maker would post earnings of $1.21 per share when it actually produced earnings of $1.54, delivering a surprise of 27.27%.Over the last four quarters, the compa ...

ST. LOUIS, Nov. 14, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2024.Highlights: Fourth quarter net sales of $2.0 billion; operating profit of $190.9 million; net earnings of $81.6 million and Adjusted EBITDA (non-GAAP)* of $348.7 million Fiscal year net sales of $7.9 billion; operating profit of $793.5 million; net earnings of $366.7 million and Adjusted EBITDA of $1 ...