Post Holdings Announces New Share Repurchase Authorization of $300 Million
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.
- New $300 million share repurchase program approved to enhance shareholder value.
- Approximately $354 million repurchased from the previous $400 million program.
- Repurchases funded by cash on hand and cash from operations, indicating financial strength.
- None.
ST. LOUIS, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced its Board of Directors has approved a new
Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. The shares would be repurchased with cash on hand and cash from operations. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at Post’s discretion.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American ready-to-eat cereal category and also markets Peter Pan® nut butters. Weetabix is home to the United Kingdom’s number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Post participates in the global convenient nutrition category through its minority ownership of BellRing Brands, Inc., a publicly-traded holding company offering ready-to-drink shake and powder protein products. Post participates in the private brand food category through its investment with third parties in 8th Avenue Food & Provisions, Inc., a leading, private brand centric, consumer products holding company. For more information, visit www.postholdings.com.
Contact:
Investor Relations
Matt Mainer
matt.mainer@postholdings.com
(314) 644-7618
FAQ
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