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Post Holdings to Sell 8th Avenue Pasta Business to Richardson
ZACKS· 2025-09-01 15:36
Key Takeaways Post Holdings will sell 8th Avenue's pasta business to Richardson for $375M in cash and liabilities.POST will retain nut butters, fruit and nut, and granola, aiming for $45-$50M EBITDA in fiscal 2026.Management approved a new $500M buyback plan after cancelling the prior authorization on Aug. 28.Post Holdings, Inc. ((POST) has agreed to divest the pasta business of its recently acquired 8th Avenue Food & Provisions to Richardson (US) Holdings Limited. Valued at $375 million in cash, with Richa ...
Post Holdings Announces Sale of Pasta Business; New Share Repurchase Authorization of $500 Million
Prnewswire· 2025-08-29 13:00
Post management uses certain non-GAAP measures, including Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions, and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Post management believes the use of non-GAAP measures, including Ad ...
Post Holdings Schedules Third Quarter Fiscal Year 2025 Conference Call
Prnewswire· 2025-07-17 21:00
Core Viewpoint - Post Holdings, Inc. will hold a conference call on August 8, 2025, to discuss its third-quarter financial results for fiscal year 2025 and provide an outlook for the fiscal year [1][2]. Group 1: Conference Call Details - The conference call is scheduled for 9:00 a.m. ET on August 8, 2025, featuring key executives including the President and CEO, COO, and CFO [1]. - Financial results for the third quarter will be released after market close on August 7, 2025 [2]. - Interested parties can join the call by dialing specific numbers for the U.S. and international participants, with a conference identification number provided [2]. Group 2: Company Overview - Post Holdings, Inc. is a consumer packaged goods holding company based in St. Louis, Missouri, with operations in various food categories [4]. - The company includes brands such as Post Consumer Brands, Weetabix, Michael Foods, and Bob Evans Farms, with a strong presence in ready-to-eat cereals, pet food, and refrigerated foods [4].