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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, Inc. (NYSE:POST) announced a private offering of $400 million in convertible senior notes maturing in 2027. An additional $60 million may be purchased by initial buyers. The unsecured notes will accrue interest payable semi-annually and are redeemable at Post's discretion under certain conditions. Proceeds will be partly used for stock repurchase of up to $100 million and for general corporate purposes. The offering is exempt from registration under the Securities Act, and forward-looking statements are included regarding the terms and risks associated with the offering.
Post Holdings announced an underwritten offering of 14,800,000 shares of common stock of BellRing Brands, aiming to raise funds to repay approximately $340 million in an incremental term loan. The shares will be transferred to lenders under an Exchange Agreement dated August 8, 2022. Post will retain 4,597,339 shares of BellRing after the exchange. The offering is expected to close on August 11, 2022, and will not generate proceeds for BellRing. J.P. Morgan, Barclays, and others are acting as underwriters for the offering.
Post Holdings reported a third-quarter net sales increase of 22.2%, reaching $1.5 billion, with operating profit of $105.5 million. Net earnings from continuing operations soared to $170.2 million compared to a loss the previous year, translating to earnings per share of $2.72. Despite these gains, gross profit decreased to $364.7 million, and SG&A expenses rose significantly, impacting operating profit, which fell by 31.9%. The company raised its Adjusted EBITDA guidance for the fiscal year 2022 to $930-$945 million.
Post Holdings, Inc. (NYSE:POST) announced a conference call scheduled for August 5, 2022, at 9:00 a.m. EDT to discuss its third-quarter financial results for fiscal year 2022 and the outlook for the fiscal year. The financial results will be released after market close on August 4, 2022. The call will feature President and CEO Robert V. Vitale and CFO Jeff A. Zadoks. Interested participants can join the call via phone or listen to the webcast on the company's website, with a replay available until August 12, 2022.
Post Holdings announced on July 12, 2022, that as of the Early Participation Date, approximately $1,449 million of its notes had been tendered under a cash tender offer. The anticipated Total Consideration for the accepted notes is around $450 million, based on tender amounts and associated Bid Premiums. The deadline for the tender offer is set for July 25, 2022, with expected settlement on July 26. The tender is subject to various conditions, and there's no guarantee of financing or completion.
Post Holdings has announced a cash tender offer to purchase up to $450 million of its outstanding Senior Notes, specifically the 4.625% Senior Notes maturing in April 2030 and the 4.50% Senior Notes maturing in September 2031. This offer is set to expire on July 25, 2022, with an early participation deadline on July 11, 2022. Holders who participate early will receive an additional $50 per $1,000 in principal. The offer is contingent on certain conditions, including financing, and may be amended or extended at the Company's discretion.
Post Holdings announced a $110 million investment to expand cereal production capacity at its Sparks, Nevada facility. This expansion aims to address capacity constraints and meet growing consumer demand while reducing transportation costs for West Coast customers. The project is expected to create 30-40 new jobs and is set to be completed by 2025, with initial capacity available in late 2024. CEO Nicolas Catoggio highlighted the geographic balance and flexibility the expansion will provide for better customer service.
Post Holdings reported Q2 2022 net sales of $1.41 billion, up 17.3% year-over-year. Operating profit was $100 million, a 22.8% decline from the previous year. However, net earnings from continuing operations surged 383.5% to $525.6 million, with diluted earnings per share at $8.44. Despite challenges like raw material inflation and labor shortages, the company reaffirmed its FY 2022 Adjusted EBITDA guidance at $910-$940 million.
Post Holdings, Inc. (NYSE:POST) will host a conference call on May 6, 2022, at 9:00 a.m. EDT to discuss second-quarter fiscal year 2022 financial results and the company's outlook. Robert V. Vitale, CEO, and Jeff A. Zadoks, CFO, will lead the call. The financial results will be released after market close on May 5, 2022. Interested parties can access the call via phone or through a webcast on the Investor Relations section of Post's website.
Post Holdings, Inc. (NYSE:POST) reported a positive avian influenza incident affecting its Michael Foods egg-laying facility in Nebraska, which houses about 2 million hens, approximately 4% of its controlled supply. The company expects a 2022 Adjusted EBITDA between $910 million and $940 million, accounting for this incident. The impact of potential further avian influenza cases remains uncertain. Post's guidance excludes significant expansion of the outbreak and incorporates all known variables related to input costs and labor markets.
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