Post(US:POST)2025-11-20 22:05Financial Performance - Net sales for Q4 2025 were $2,247.0 million, an increase of 11.8% or $236.9 million compared to $2,010.1 million in Q4 2024[5] - Gross profit for Q4 2025 was $602.1 million, representing 26.8% of net sales, an increase of 4.6% or $26.7 million from $575.4 million in Q4 2024[5] - Net earnings for Q4 2025 were $51.0 million, a decrease of 37.5% or $30.6 million compared to $81.6 million in Q4 2024[7] - Adjusted EBITDA for Q4 2025 was $425.4 million, an increase of 22.0% or $76.7 million compared to $348.7 million in Q4 2024[9] - For fiscal year 2025, net sales were $8,158.1 million, an increase of $235.4 million compared to $7,922.7 million in fiscal year 2024[10] - Fiscal year 2025 Adjusted EBITDA was $1,538.8 million, an increase of 9.6% or $135.2 million compared to $1,403.6 million in fiscal year 2024[13] - Diluted earnings per share for FY 2025 were $5.51, a decrease from $5.64 in FY 2024[42] - Operating profit for Q4 FY 2025 was $168.4 million, compared to $190.9 million in Q4 FY 2024, reflecting a decline of 11.8%[42] Segment Performance - The Foodservice segment reported Q4 2025 net sales of $718.0 million, an increase of 20.4% or $121.9 million compared to Q4 2024[19] - Segment profit for Foodservice increased significantly to $399.7 million, up 29.7% from $308.1 million in 2024[48] - Segment Profit for Post Consumer Brands was $493.9 million, representing 12.3% of Net Sales[74] - Operating Profit for the Refrigerated segment was $399.7 million, with a segment profit margin of 15.1%[74] - Segment Profit for the Weetabix segment was $74.0 million, accounting for 13.6% of Net Sales[74] Cash Flow and Capital Expenditures - Operating activities generated cash of $998.3 million, up from $931.7 million in the previous year, reflecting a growth of 7.0%[46] - Free Cash Flow for the year ended September 30, 2025, was $488.1 million, compared to $502.2 million in 2024[77] - Capital expenditures for the year ended September 30, 2025, were $510.2 million[77] - Capital expenditures for FY 2026 are expected to range from $350 million to $390 million, with $80 million to $90 million allocated for foodservice investments[29] Shareholder Actions - Post repurchased 2.5 million shares for $273.8 million at an average price of $106.48 per share in Q4 FY 2025[28] - The company had $282.6 million remaining under its share repurchase authorization as of November 19, 2025[28] Assets and Liabilities - Total assets increased to $13,528.4 million as of September 30, 2025, up from $12,854.2 million in 2024, representing a growth of 5.2%[44] - Total current liabilities rose to $1,213.1 million, an increase of 28.5% from $944.9 million in 2024[44] - Long-term debt increased to $7,421.7 million, up from $6,811.6 million, marking a rise of 8.9%[44] Impairments and Expenses - The company recorded a non-cash goodwill impairment charge of $29.8 million in Q4 2025 related to its Cheese and Dairy reporting unit[23] - The company reported an impairment of goodwill of $29.8 million in the Refrigerated segment[74] - General corporate expenses for the year ended September 30, 2025, totaled $221.8 million[74] - Depreciation and amortization expenses for the year ended September 30, 2025, were $243.4 million[74] Leadership Changes - The company announced a leadership change with Robert V. Vitale becoming Chairman of the Board effective December 16, 2025[32] Guidance and Expectations - The company expects fiscal year 2026 Adjusted EBITDA to range between $1,500 million and $1,540 million[7] - Adjusted EBITDA guidance for FY 2026 is projected to be between $1,500 million and $1,540 million, including contributions from 8th Avenue's pasta business[29]