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. reports recurring developments for a consumer packaged goods holding company with businesses in ready-to-eat cereal, granola, pet food, nut butters, egg and potato products, side dishes, cheese, sausage and related food categories. Its news commonly covers quarterly operating results, Adjusted EBITDA outlook, segment performance across Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail, and updates tied to retail, foodservice and ingredient channels.
Company announcements also include completed portfolio actions, debt financing activity, shareholder voting matters and leadership changes at the corporate and business-unit levels. Recent corporate updates have referenced completed acquisitions integrated into Post Consumer Brands, Foodservice and Refrigerated Retail, as well as capital-structure actions involving senior notes and revolving credit facility repayment.
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.
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.