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) 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.
Post Holdings, Inc. (NYSE:POST) will hold a conference call on May 7, 2021, at 9:00 a.m. EDT to discuss its financial results for Q2 2021 and provide an outlook for the fiscal year. The financial results will be released after market close on May 6, 2021. The call will include insights from Robert V. Vitale, CEO, and Jeff A. Zadoks, CFO. Interested parties can join the call by phone or via webcast. A replay will be available until May 21, 2021. Post Holdings operates in multiple food categories, including its well-known brands like Post Consumer Brands and Premier Protein.
Post Holdings, Inc. (NYSE: POST) announced a pricing of $1.8 billion in 4.50% senior notes due in 2031. The offering is set to close on March 10, 2021. The company plans to redeem its 5.00% senior notes due August 2026, totaling $1.697 billion, on March 11, 2021, at par value plus a specified premium. Proceeds from the new notes will finance this redemption and cover related costs, with any excess used for general corporate purposes, including acquisitions and debt retirement.
Post Holdings, Inc. (NYSE:POST) announced a private offering of $1.8 billion in senior notes due 2031. The notes will be unsecured and guaranteed by existing subsidiaries, with proceeds aimed at redeeming the 5.00% senior notes due 2026 and covering offering costs. Remaining funds may support acquisitions, share repurchases, or debt retirement. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers. Forward-looking statements caution that the offering's completion is uncertain and subject to various risks.
Post Holdings, Inc. (NYSE:POST) announced on Feb. 9, 2021, that its subsidiary, Post Holdings Partnering Corporation (PHPC), has filed a registration statement on Form S-1 for a proposed initial public offering (IPO). PHPC aims to raise $400 million through this offering, which will consist of common stock and warrants. The company intends to partner with a consumer products business that aligns with Post's expertise. The management team of Post will oversee PHPC. The offering is subject to SEC review and carries risks that could affect its completion.
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