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 leading consumer packaged goods company operating across cereals, refrigerated foods, and foodservice sectors. This news hub provides investors and industry observers with centralized access to official announcements and market-moving developments.
Track POST's strategic initiatives through press releases covering earnings results, acquisition updates, product innovations, and operational milestones. Our curated collection ensures timely access to information impacting the company's position in food manufacturing and distribution.
Key content categories include quarterly financial disclosures, brand portfolio expansions, supply chain developments, and partnership announcements. Discover updates from POST's core segments: Post Consumer Brands cereals, Weetabix operations, and refrigerated retail innovations.
Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis. Regularly updated to reflect POST's evolving business strategy in the competitive packaged foods landscape.
Post Holdings, Inc. (NYSE:POST) reported strong results for Q3 2021 with net sales of $1.6 billion, a 19.0% increase year-over-year. Despite operating profit rising to $206.5 million, the company reported a net loss of $54.3 million, largely due to substantial expenses related to interest rate swaps and UK tax reforms. Adjusted EBITDA was $302.6 million, up 11.7%. The company expects second half 2021 Adjusted EBITDA to range between $590-$610 million. Acquisitions in private label cereals and Egg Beaters were completed, contributing to sales growth.
Post Holdings plans to distribute a substantial portion of its 71.2% interest in BellRing Brands to its shareholders. The distribution could take the form of a pro-rata distribution, exchange offer, or a combination, depending on market conditions. Post intends to retain less than 19.5 million units of BellRing LLC for debt exchange. BellRing is expected to issue a special cash dividend to all stockholders, financed through debt transactions, with proceeds aimed at debt repayment. The transaction is anticipated to enhance strategic flexibility and liquidity for BellRing and is expected to close in the first half of 2022.
Post Holdings, Inc. (NYSE:POST) will host a conference call on August 6, 2021, at 9:00 a.m. EDT to discuss its third quarter fiscal results and FY2021 outlook. Financial results will be released post-market on August 5, 2021. Interested parties can join via phone or webcast. The company, based in St. Louis, operates various brands in the consumer packaged goods segment, including Post Consumer Brands and BellRing Brands. The conference call will feature CEO Robert V. Vitale and CFO Jeff A. Zadoks.
Post Holdings announced the appointment of Howard A. Friedman as Executive Vice President and Chief Operations Officer, effective September 2021. Friedman, previously President and CEO of Post Consumer Brands, aims to enhance collaboration and revenue across the company. Nico Catoggio will take over as President and CEO of Post Consumer Brands, bringing strategic expertise from Boston Consulting Group. These leadership changes are part of Post's strategy to optimize operations and improve processes across its consumer packaged goods portfolio.
Post Holdings, Inc. (NYSE:POST) announced the acquisition of the ready-to-eat cereal business from TreeHouse Foods for $85 million. This deal is effective immediately and includes two production facilities and a research center. The acquired business is expected to modestly dilute Post's Adjusted EBITDA for fiscal year 2021, but is anticipated to be accretive in fiscal year 2022. The acquisition enhances Post's position in the cereal market and adds approximately $30 million worth of inventory.
On June 1, 2021, TreeHouse Foods (NYSE: THS) announced the completion of its sale of the ready-to-eat (RTE) cereal business to Post Holdings, Inc. (NYSE: POST) for $85 million. This strategic move aims to enhance value for customers and shareholders while ensuring opportunities for the RTE business under Post's ownership. The acquired business includes manufacturing plants in Lancaster, Ohio and Sparks, Nevada, along with a research facility in Sauget, Illinois. The transaction reflects TreeHouse's ongoing strategy to streamline operations.
Post Holdings, Inc. (NYSE:POST) announced the successful closing of Post Holdings Partnering Corporation's (PHPC) IPO, raising $300 million by offering 30 million units at $10.00 each. The deal includes an option for underwriters to purchase an additional 4.5 million units. Each unit comprises one share of Series A common stock and one-third of a redeemable warrant, with whole warrants exercisable at $11.50 per share. The units started trading under the ticker PSPC.U on May 26, 2021, with separate listings expected for stock and warrants.
Post Holdings, Inc. (NYSE:POST) announced the pricing of Post Holdings Partnering Corporation's (PHPC) IPO, set at 30,000,000 units priced at $10.00 each. PHPC Sponsor, LLC plans to purchase 4,000,000 units, and underwriters have a 45-day option for an additional 4,500,000 units. Units consist of Series A common stock and redeemable warrants, listing under ticker PSPC.U on the NYSE starting May 26, 2021. The offering is expected to close on May 28, 2021. The IPO proceeds are intended to facilitate future mergers or acquisitions.
Post Holdings reported second quarter fiscal 2021 results with net sales of $1.5 billion, a slight decline of 0.7% year-over-year. Operating profit decreased by 5.5% to $145.1 million, influenced by $17.7 million in accelerated amortization costs. Net earnings surged to $109.9 million, marking a 157.4% increase from a prior year loss. Adjusted EBITDA was $263.8 million, down 9.6%. Management expects fiscal 2021 Adjusted EBITDA of $590-$620 million for the second half.
Post Holdings, Inc. (NYSE:POST) announced the appointment of Jennifer Kuperman and Thomas Erb to its Board of Directors, effective May 4, 2021. With these additions, the Board now comprises eleven members.
Kuperman previously held significant roles at Alibaba Group and Visa Inc., bringing extensive corporate communication experience. Erb, former Chairman of Lewis Rice LLC, offers legal expertise in corporate governance and M&A transactions. These strategic appointments aim to enhance the company's leadership and governance framework.
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