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Post Holdings Announces Consideration for Cash Tender Offer for 5.625% Senior Notes Due 2028
Prnewswire· 2024-08-22 16:00
ST. LOUIS, Aug. 22, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced the consideration payable, as set forth in the table below, for the previously announced cash tender offer (the "Tender Offer") to purchase up to $475.0 million in aggregate principal amount (subject to increase, the "Maximum Tender Amount") of its 5.625% senior notes due 2028 (the "Notes"). The consideration of $1,008.84 per $1,000 principal amount (the "Early Tender Consideration") for Notes ...
Post Holdings Announces Early Tender Results of Cash Tender Offer for 5.625% Senior Notes Due 2028
Prnewswire· 2024-08-22 12:00
ST. LOUIS, Aug. 22, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE: POST) (the "Company" or "Post") today announced the early tender results of the previously announced cash tender offer (the "Tender Offer") to purchase up to $475.0 million in aggregate principal amount (the "Maximum Tender Amount") of its 5.625% senior notes due 2028 (the "Notes"). Early Tender Results As of 5:00 p.m., New York City time, on August 21, 2024 (such time and date, the "Early Tender Time"), according to information provided by ...
Post Holdings Announces Pricing of Senior Notes Offering
Prnewswire· 2024-08-08 20:05
ST. LOUIS, Aug. 8, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced the pricing of its previously announced senior notes offering. The Company priced $1,200.0 million in aggregate principal amount of 6.375% senior notes due 2033 at par (the "Notes"). The Notes offering is expected to close on August 22, 2024, subject to customary closing conditions. The Notes will be unsecured, senior obligations of the Company and will be guaranteed by the Company's existing an ...
Post Holdings Announces Commencement of Senior Notes Offering
Prnewswire· 2024-08-08 12:20
ST. LOUIS, Aug. 8, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE: POST) (the "Company" or "Post") today announced it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $1,200.0 million in aggregate principal amount of senior notes due 2033 (the "Notes"). The Notes will be unsecured, senior obligations of the Company and will be guaranteed by the Company's existing and subsequently acquired or organized domestic subsidiaries (other than immaterial subsi ...
Post Holdings Announces Cash Tender Offer for 5.625% Senior Notes Due 2028
Prnewswire· 2024-08-08 12:19
ST. LOUIS, Aug. 8, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced it has commenced a cash tender offer (the "Tender Offer") to purchase up to $475.0 million in aggregate principal amount (subject to increase, the "Maximum Tender Amount") of its 5.625% senior notes due 2028 (the "Notes"). Offer to Purchase up to $475.0 million in Aggregate Principal Amount of the Notes Listed Below: | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|---- ...
Post Holdings (POST) Tops Q3 Earnings, Raises FY24 Outlook
ZACKS· 2024-08-02 17:06
Post Holdings, Inc. (POST) reported third-quarter fiscal 2024 results, with the top and bottom lines increasing year over year. Earnings surpassed the Zacks Consensus Estimate, while sales missed the same. Management raised its adjusted EBITDA guidance for fiscal 2024. Quarter in Details The company posted adjusted earnings of $1.54 per share, surpassing the Zacks Consensus Estimate of $1.21. Additionally, the bottom line reflected a slight improvement from an adjusted earnings of $1.52 per share reported i ...
Post Holdings (POST) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-02 00:36
For the quarter ended June 2024, Post Holdings (POST) reported revenue of $1.95 billion, up 4.8% over the same period last year. EPS came in at $1.54, compared to $1.52 in the year-ago quarter. The reported revenue represents a surprise of -3.22% over the Zacks Consensus Estimate of $2.01 billion. With the consensus EPS estimate being $1.21, the EPS surprise was +27.27%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...
Post Holdings (POST) Q3 Earnings Surpass Estimates
ZACKS· 2024-08-01 23:31
Post Holdings (POST) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this cereal maker would post earnings of $1.29 per share when it actually produced earnings of $1.51, delivering a surprise of 17.05%. Over the last four quarters, the com ...
Post Holdings Reports Results for the Third Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook
Prnewswire· 2024-08-01 21:00
ST. LOUIS, Aug. 1, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the third fiscal quarter ended June 30, 2024. Three Months Ended June 30, (in millions) 2024 2023 Gain on extinguishment of debt, net (1) $ (1.8) $ (6.4) Income on swaps, net (1) (3.1) (17.1) Net earnings attributable to noncontrolling interests (2) 0.1 8.7 Highlights: Third quarter net sales of $1.9 billion Operating profit of $203.2 million; net earnings of $99.8 m ...
Post Holdings (POST) to Report Q3 Earnings: What to Expect?
ZACKS· 2024-07-29 17:30
Core Insights - The Zacks Consensus Estimate for Post Holdings' earnings has decreased to $1.21 per share, indicating a year-over-year decline of 20.4, despite a strong record of exceeding earnings expectations in the past four quarters with an average surprise of 41% [1] Group 1: Financial Performance - The Consumer Brand segment, which includes grocery and pet food, is performing well, with the grocery segment benefiting from stable market share and improving margins, while the pet food segment is seeing increased market share and sales volume due to targeted investments [2] - The Zacks Consensus Estimate for third-quarter revenues stands at $2,012 million, reflecting an increase of 8.2% from the previous year [8] - The Zacks Consensus Estimate for net sales from the Consumer Brand segment suggests a year-over-year increase of 20.7% for the fiscal third quarter [18] Group 2: Challenges and Risks - Post Holdings is facing declining volumes, particularly in non-retail cereal and peanut butter, with overall grocery volumes impacted by reduced SNAP benefits [3] - The Foodservice segment has experienced a decline in net sales and volumes, primarily due to lower egg volumes from reduced restaurant foot traffic, with a Zacks Consensus Estimate suggesting a year-over-year decline of 5.3% for this segment [19] - The company is grappling with inflationary pressures, especially in sugar and labor costs, which could erode profit margins despite some offsets from better freight and grain costs [11] Group 3: Strategic Initiatives - Post Holdings has implemented effective pricing strategies and expanded its product offerings, positioning the company for potential revenue growth by capturing increased market share [9] - The integration of recent acquisitions, such as Perfection Pet, has strengthened the company's market presence and operational capabilities, enhancing production and distribution efficiency [10]