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Post Holdings, Inc., headquartered in St. Louis, Missouri, is a prominent consumer packaged goods holding company. Founded with a vision to deliver high-quality food products, Post operates across multiple segments, including center-of-the-store, refrigerated, active nutrition, and private label food categories. This diversified approach allows the company to cater to a broad range of consumer needs, from everyday essentials to specialty health products.
The center-of-the-store portfolio features well-known brands like Honey Bunches of Oats®, Pebbles™, Great Grains®, and Grape-Nuts®, which are staples in many households. Additionally, Post offers premium natural and organic options through brands such as Attune®, Uncle Sam®, and Erewhon®. These products are designed to meet the diverse taste and nutritional requirements of families.
Post's refrigerated segment, managed through Michael Foods, includes a variety of value-added egg products, refrigerated potato products, and dairy items under brands like Papetti's®, All Whites®, Better'n Eggs®, and Simply Potatoes®. These products are geared towards both retail consumers and foodservice channels, ensuring convenience and quality.
The company's active nutrition portfolio focuses on health and wellness, providing a range of nutritious snacks and supplements. Post is committed to innovation in this space, continually developing products that support an active and healthy lifestyle.
In the financial arena, Post has demonstrated robust performance. The company's latest quarterly results showcased a significant increase in net sales and operating profit, driven by strategic acquisitions and organic growth. For instance, the acquisition of Perfection Pet Foods and Deeside Cereals has expanded Post's market reach and product offerings.
Recent news highlights include the planned closure of the Lancaster facility, aimed at optimizing production capacity and achieving cost savings. This strategic move is expected to save approximately $25 million annually starting in fiscal year 2025.
Post is also proactive in managing challenges such as the avian influenza outbreak, which affected its egg-laying flocks. The company has taken steps to mitigate the impact and maintain its supply chain integrity.
Post Holdings continues to focus on growth and efficiency, as evidenced by its recent senior notes offering to refinance existing debt and fund corporate initiatives. The company remains committed to delivering value to shareholders and consumers alike.
For more information, visit www.postholdings.com.
Post Holdings (NYSE:POST) has released its 2024 Sustainability Report, highlighting significant progress across four strategic pillars: Sourcing, Operations, People, and Products. Key achievements in fiscal year 2024 include a 6% reduction in scope 1 and 2 greenhouse gas emissions compared to 2023, exceeding industry safety standards, and maintaining strong supplier engagement through CDP Supply Chain and Supplier Leadership programs.
The company demonstrated commitment to community support by donating over 13 million pounds of food and achieved a global employee promotion rate of 14.6%. The report showcases Post's evolved sustainability framework and continued focus on responsible sourcing, packaging, and product quality. According to Nick Martin, VP of Corporate Sustainability, the report reflects the company's maturing approach to sustainability initiatives.
Post Holdings (NYSE: POST) has announced an agreement to acquire Potato Products of Idaho (PPI), a manufacturer and packager of refrigerated and frozen potato products. The acquisition includes a manufacturing facility in Rigby, Idaho. While financial terms were not disclosed, the transaction is expected to close in the first calendar quarter of 2025, which corresponds to Post's second quarter of fiscal year 2025, subject to customary closing conditions.
Post Holdings (NYSE: POST) reported an avian influenza outbreak at a Michael Foods' third-party contracted egg-laying facility in Iowa, affecting approximately 4.5 million egg-laying hens, representing 12% of Post's controlled supply. Despite this incident, the company has affirmed its fiscal year 2025 Adjusted EBITDA guidance of $1,410-$1,460 million, stating that the financial impact falls within the projected range. The guidance assumes no significant expansion of avian influenza within Post's network. The company will only provide updates on future incidents if their cumulative effect exceeds an additional 5% of Post's controlled supply.
Post Holdings announced plans to redeem $464.9 million of its outstanding 5.625% senior notes due January 2028 on December 2, 2024. The redemption price will be 100.938% of the principal amount, plus accrued and unpaid interest. The company will fund the redemption using cash on hand, which includes proceeds from its recent October 9, 2024 issuance of $600 million in 6.25% senior notes due 2034.
Post Holdings (NYSE:POST) released its Q4 and fiscal year 2024 financial results. The company reported Q4 net sales of $2.0 billion, operating profit of $190.9 million, and net earnings of $81.6 million, with Adjusted EBITDA reaching $348.7 million. For the full fiscal year 2024, Post achieved net sales of $7.9 billion, operating profit of $793.5 million, and net earnings of $366.7 million, with Adjusted EBITDA of $1,403.6 million. Looking ahead, the company projects fiscal year 2025 Adjusted EBITDA to range between $1,410-$1,460 million.
Post Holdings (NYSE:POST) has scheduled a conference call for November 15, 2024, at 9:00 a.m. ET to discuss fourth quarter and fiscal year 2024 financial results, along with the fiscal year 2025 outlook. The company will release its financial results after market close on November 14, 2024. The call will feature President and CEO Robert V. Vitale, Executive VP and COO Jeff A. Zadoks, and SVP, CFO and Treasurer Matthew J. Mainer. Participants can join via phone or webcast, with replay options available through November 22, 2024.
Post Holdings (NYSE:POST) has priced a $600 million offering of 6.250% senior notes due 2034, an increase from the previously announced $500 million. The notes, expected to close on October 9, 2024, will be unsecured senior obligations guaranteed by Post's domestic subsidiaries. Proceeds will be used to redeem all outstanding 5.625% senior notes due 2028 and for general corporate purposes, which may include acquisitions, share repurchases, debt retirement, capital expenditures, and working capital. The offering is made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.
Post Holdings (NYSE:POST) has announced its intention to commence a private offering of $500 million in senior notes due 2034. The notes will be unsecured, senior obligations guaranteed by the company's domestic subsidiaries. Post plans to use the net proceeds to redeem all outstanding 5.625% senior notes due 2028 and for general corporate purposes, which may include acquisitions, share repurchases, debt retirement, capital expenditures, and working capital.
The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the U.S. without exemption or registration. The final terms and amounts are subject to market conditions and may differ from expectations.
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, has affirmed its fiscal year 2024 Adjusted EBITDA outlook. The company's management has maintained its guidance for fiscal year 2024 Adjusted EBITDA in the range of $1,370-$1,390 million. Post Holdings provides this guidance on a non-GAAP basis and does not offer a reconciliation to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts necessary for such reconciliation.
Post Holdings (NYSE:POST) has announced the consideration payable for its previously announced cash tender offer to purchase up to $475.0 million of its 5.625% senior notes due 2028. The Early Tender Consideration is set at $1,008.84 per $1,000 principal amount for Notes validly tendered by the Early Tender Time of August 21, 2024. The offer was oversubscribed, with $760,866,000 in principal amount tendered, exceeding the Maximum Tender Amount. As a result, the Notes will be subject to proration at approximately 62.47%. Post Holdings anticipates the Early Settlement Date to be August 23, 2024, subject to conditions being met, including sufficient proceeds from a senior notes offering to fund the purchase.
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