Welcome to our dedicated page for POST HOLDINGS news (Ticker: POST), a resource for investors and traders seeking the latest updates and insights on POST HOLDINGS stock.
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.
Snoop Dogg and Master P's Broadus Foods have partnered with Post Consumer Brands to launch the Snoop Cereal collection featuring three new varieties: Fruity Hoopz with Marshmallows, Cinnamon Toasteez, and Frosted Drizzlerz. Set to hit grocery shelves nationwide in summer 2023, each cereal is designed to appeal to children and families, with bright packaging and characters like Captain Ace. Broadus Foods will donate a portion of the proceeds from sales to tackle homelessness and food insecurity. This collaboration aims to enhance economic empowerment and diversity in the grocery sector.
Post Holdings, Inc. (NYSE:POST) announced a conference call for February 3, 2023, at 9:00 a.m. EST to discuss its Q1 fiscal 2023 financial results and outlook. The earnings will be released post-market on February 2, 2023. Key executives, including CEO Robert V. Vitale and CFO Matthew J. Mainer, will be present to answer questions. Interested parties can join via a designated phone line or listen to the webcast on the company’s website. A replay of the call will be available until February 10, 2023.
Post Holdings, Inc. (NYSE:POST) released its 2022 Environmental, Social, and Governance (ESG) report, highlighting significant sustainability efforts and future commitments. The report covers various areas, including greenhouse gas emissions, water stewardship, waste management, and animal welfare. Additionally, it emphasizes diversity, equity, and inclusion initiatives, community engagement, governance, and employee safety. CEO Rob Vitale stresses the importance of these efforts in delivering responsible business practices.
Post Holdings, Inc. announced the underwritten offering of 4,597,339 shares of BellRing Brands, Inc. stock, sold by J.P. Morgan in connection with an Exchange Agreement. This move will help Post retire part of its $130 million incremental term loan. Post will no longer own any shares of BellRing following this transaction. The offering is set to close on November 25, 2022, under customary conditions, and proceeds will not benefit BellRing directly. J.P. Morgan is the lead underwriter, with others like Barclays and Goldman Sachs participating.
Post Holdings, Inc. (NYSE:POST) reported strong fourth-quarter results with net sales of $1.6 billion, a 16.5% increase year-over-year. Operating profit rose 55.7% to $131.9 million, and net earnings from continuing operations surged 910.8% to $83.9 million. For the fiscal year 2022, net sales reached $5.9 billion, with net earnings increasing 600.7% to $735 million. Management expects fiscal year 2023 Adjusted EBITDA between $990-$1,040 million. The company aims to optimize manufacturing and invest in growth, despite ongoing supply chain challenges.
Post Holdings, Inc. (NYSE: POST) has announced key promotions within its executive team, effective December 1, 2022. Matt Mainer has been promoted to Senior Vice President, Chief Financial Officer, and Treasurer, while Jeff Zadoks becomes Executive Vice President and Chief Operating Officer. Both executives will continue to report to President and CEO Robert V. Vitale. Mainer's expanded role includes CFO responsibilities, while Zadoks will focus on operational excellence and cost reduction across the company's diverse portfolio, which includes major brands like Post Consumer Brands and Weetabix.
Post Holdings, Inc. (NYSE:POST) will hold a conference call on November 18, 2022, at 9:00 a.m. EST to discuss its fourth-quarter financial results and the fiscal year 2023 outlook. The company plans to release these results after market close on November 17, 2022. Robert V. Vitale, President and CEO, and Jeff A. Zadoks, Executive VP and CFO, will lead the call. Interested parties can join by phone or via webcast on the Investor Relations section of Post's website.
Post Holdings, Inc. (NYSE:POST) has announced a new $300 million share repurchase program, effective September 3, 2022. This follows the completion of a previous $400 million authorization, under which approximately $354 million was repurchased. The company plans to buy back shares using cash on hand and operational cash flow, but retains discretion on the timing and amount of repurchases.
This move aims to enhance shareholder value by potentially increasing earnings per share and demonstrates confidence in the company's financial health.
Post Holdings, Inc. announced the pricing of its $500 million offering of 2.50% convertible senior notes maturing in 2027. The noteholders may convert their Notes under specific conditions, with an initial conversion price of approximately $106.10 per share. The company plans to use around $100 million of the proceeds to repurchase its common stock at $90.30 per share and the remainder for general corporate purposes, which may include acquisitions and debt repayment. Settlement is expected on August 12, 2022.
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