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) 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.
Post Holdings, Inc. (NYSE:POST) reported its second fiscal quarter results for 2020, ending March 31, with net sales reaching $1.5 billion, a 7.7% increase year-over-year. However, the company faced a net loss of $191.4 million compared to a net profit of $44 million in Q2 2019, largely due to losses on debt extinguishment and swap expenses. Adjusted EBITDA was $291.7 million, a 2.4% decline. Due to COVID-19 uncertainty, Post has withdrawn its FY2020 outlook. Overall, sales in segments like RTE cereal increased, while the foodservice division saw declines.