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) will hold a conference call on February 5, 2021, at 9:00 a.m. EST to discuss its financial results for Q1 FY2021 and the fiscal outlook. The financial results will be released after market close on February 4, 2021. CEO Robert V. Vitale and CFO Jeff A. Zadoks will lead the call. Interested parties can join the call via phone or webcast on the company's Investor Relations website, with a replay available until February 19, 2021.
Post Holdings, Inc. (NYSE: POST) has agreed to acquire Almark Foods, a leading provider of hard-cooked and deviled egg products. This acquisition aims to enhance Post's existing Michael Foods egg business, expanding its portfolio in the refrigerated retail segment. Almark's products are widely distributed across retail and foodservice channels. The financial terms have not been disclosed, and the acquisition is expected to complete in Q1 2021, pending customary closing conditions. There are inherent risks related to the completion of this transaction.
Post Holdings, Inc. (NYSE:POST) has released its inaugural 2020 Environmental, Social and Governance (ESG) report, highlighting significant achievements in sustainability, including water stewardship, waste management, sustainable packaging, and responsible sourcing. The report also details the company’s response to COVID-19, emphasizing employee safety measures and community support. CEO Rob Vitale expressed pride in the report, showcasing the company’s commitment to serving stakeholders through its business practices. The full report is available on the Post Holdings’ website.
On December 7, 2020, Post Holdings announced a definitive agreement to acquire the Peter Pan peanut butter brand from Conagra Brands. This iconic brand boasts a 100-year history and a diverse customer base. The acquisition will be facilitated by transitional services from Conagra. While final transaction terms remain undisclosed, it is expected to close in Q1 2021, pending regulatory approvals. This strategic move aims to enhance Post's portfolio in the consumer packaged goods sector.
Post Holdings reported its fourth quarter and fiscal year results for 2020, showing net sales of $1.4 billion in Q4, down 2.2%, with an operating profit of $178.9 million, a 74.4% increase. Net earnings reached $57 million, reversing a loss from the prior year. For the fiscal year, net sales were $5.7 billion, a slight increase, but net earnings fell 99.4% to $0.8 million. Adjusted EBITDA dropped 9.5% in Q4 to $274.8 million and 5.8% for the year to $1.14 billion. Key drivers included declines in Foodservice revenue but growth in BellRing Brands and Weetabix segments.
Post Holdings, Inc. (NYSE:POST) announced a conference call for November 20, 2020, at 9:00 a.m. EST to discuss its fourth quarter and fiscal year 2020 financial results and the fiscal year 2021 outlook. The company will release these financial results after market close on November 19, 2020. Robert V. Vitale, President and CEO, and Jeff A. Zadoks, EVP and CFO, will participate in the call. A replay will be available until December 4, 2020. Post Holdings specializes in consumer packaged goods, particularly ready-to-eat cereals and refrigerated foods.
Post Holdings, Inc. (NYSE: POST) announced plans for a private offering of $300 million in 4.625% senior notes due 2030. This offering is part of an existing indenture that previously included $1,250 million in notes. The proceeds are intended for general corporate purposes, including working capital and potential acquisitions. The notes will be unsecured and guaranteed by significant domestic subsidiaries. The offering is exempt from registration under the Securities Act and is aimed at qualified institutional buyers.
Post Holdings, Inc. (NYSE:POST) reported third-quarter results for fiscal 2020, revealing net sales of $1.3 billion and an operating profit of $172.1 million. While net earnings increased by 122.2% to $36.0 million, net sales dropped by 7.1% year-over-year. Significant declines were observed in the Foodservice segment, down 41.3%, influenced by COVID-19. The company also announced a new $400 million share repurchase plan, committing to buy back shares from August 8, 2020. Overall, adjusted net earnings decreased to $51.9 million from $92.6 million a year prior.
Post Holdings, Inc. (NYSE: POST) has announced a conference call scheduled for August 7, 2020, at 9:00 a.m. EDT to discuss its financial results for the third quarter of fiscal year 2020. The company will release its results on August 6, 2020, after market close. Robert V. Vitale, President and CEO, and Jeff A. Zadoks, EVP and CFO, will attend the call. Interested parties can join by phone or listen via a webcast on the company's Investor Relations website. A replay will be available until August 21, 2020.
Post Holdings, Inc. (NYSE: POST) appointed Dorothy M. Burwell to its Board of Directors, effective July 1, 2020. Burwell, a Partner at The Finsbury Group, brings extensive experience in strategic communications and diversity initiatives. She aims to enhance Post's business strategies and diversity efforts, having previously worked at Goldman Sachs. With this addition, the Board now has ten members. Burwell is recognized for her contributions to diversity and inclusion and has held various leadership roles in nonprofit organizations.
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