Welcome to our dedicated page for Post Hldgs news (Ticker: POST), a resource for investors and traders seeking the latest updates and insights on Post Hldgs stock.
Post Holdings, Inc. (NYSE: POST) is a consumer packaged goods holding company headquartered in St. Louis, Missouri, with businesses in center-of-the-store grocery categories, refrigerated foods, foodservice and food ingredients. The news flow around POST stock often reflects developments across its Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail operations, as well as corporate finance and governance activity.
Company press releases highlight a range of topics, including quarterly and annual financial results, segment performance and outlook updates. Earnings announcements provide detail on net sales, operating profit, net earnings and non-GAAP measures such as Adjusted EBITDA, along with commentary on trends in ready-to-eat cereal, pet food, protein-based shakes, egg and potato products and refrigerated side dishes, eggs, cheese and sausage.
Investors following Post news will also see coverage of capital structure actions, such as the issuance of 6.50% senior notes due 2036, the redemption of 5.50% senior notes due 2029 and share repurchase authorizations approved by the Board of Directors. These items shed light on how the company manages debt, liquidity and equity capital over time.
Strategic transactions are another recurring theme. Post has reported on acquisitions like Potato Products of Idaho, L.L.C. and 8th Avenue Food & Provisions, Inc., as well as the subsequent sale of 8th Avenue’s pasta business while retaining nut butters, fruit and nut products and granola businesses. Leadership and governance updates, including executive leadership changes, Board chair transitions and bylaw amendments, also appear in the company’s news releases.
This POST news page aggregates such announcements so readers can review financial updates, capital markets activity, acquisitions and divestitures, and governance developments in one place. For investors and analysts, regularly checking this feed helps track how Post’s segment performance, balance sheet decisions and strategic moves may influence the long-term profile of POST stock.
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.
Post Holdings completed the spin-off of 80.1% of its interest in BellRing Brands, distributing 78,076,841 shares to shareholders on March 10, 2022. Each shareholder received approximately 1.27 shares of New BellRing for each Post share held. Post now holds 14.2% of New BellRing and shareholders own 57.3%. The transaction, which qualifies as a tax-free distribution for U.S. federal income tax purposes, resulted in Post receiving $289.5 million in value. The dual class voting structure has been eliminated post-transaction.
Post Holdings, Inc. (NYSE:POST) announced plans to partially redeem $840 million of its 5.75% senior notes due March 2027 on March 17, 2022. This action represents approximately 65% of the outstanding notes. The redemption price will be 102.875% of the principal, plus accrued interest. The redemption is contingent on completing related financing transactions and depositing the redemption amount with the trustee by the redemption date. The company is also proceeding with a spin-off of 80.1% of its interest in BellRing Distribution.
Post Holdings, Inc. (NYSE:POST) has announced the distribution date for its spin-off of 80.1% of its interest in BellRing Brands, Inc. On March 10, 2022, Post plans to distribute 78,076,819 shares of New BellRing stock to its shareholders on a pro rata basis, with each shareholder receiving 1.267788 shares of New BellRing for each Post share held as of February 25, 2022. The spin-off is subject to certain conditions, including stockholder approval and tax opinions. Two-way trading for Post shares will be available prior to the distribution date, offering various trading options.
On March 1, 2022, New BellRing announced the pricing of $840 million in 7.00% senior notes due 2030, as part of Post Holdings' plan to spin off 80.1% of its interest in New BellRing to shareholders. The offering will close on March 10, 2022, subject to the completion of the spin-off and a related merger with BellRing Brands. Proceeds will refinance existing debt and distribute cash to BellRing stockholders. The notes will be sold to qualified institutional buyers and are not obligations of Post. Forward-looking statements indicate risks of delays and market uncertainties.