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, Inc. (NYSE:POST) reported its fourth fiscal quarter and year-end results for 2021. For Q4, net sales reached $1.7 billion, a 20.1% increase year-over-year. Operating profit fell 23.0% to $137.8 million, while net earnings dropped 47.5% to $29.9 million. Fiscal year 2021 net sales amounted to $6.2 billion with adjusted EBITDA of $1.12 billion. The company anticipates adjusted EBITDA for fiscal 2022 will be between $1.16-$1.20 billion. Ongoing supply chain issues and inflationary pressures continue to challenge profitability.
Post Holdings, Inc. (NYSE:POST) announces a conference call for November 19, 2021, at 9:00 a.m. EST to discuss its fourth-quarter financial results for fiscal 2021 and outlook for fiscal 2022. The financial results will be released after market close on November 18, 2021. Robert V. Vitale, President and CEO, and Jeff A. Zadoks, CFO, will lead the discussion. Interested participants can join via phone or online webcast, with replay options available until November 26, 2021.
Post Holdings has announced a transaction with BellRing Brands to distribute a significant portion of its interest in BellRing to shareholders. Post will exchange its membership units of BellRing for stock and debt in a newly formed subsidiary, New BellRing, which will be renamed BellRing Brands post-merger. This transaction aims to enhance BellRing's market position and liquidity. Post shareholders will receive at least 80% of the New BellRing stock, and Post is expected to retain a maximum of 14.2%. The distribution is anticipated to be completed in Q1 2022.
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.