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 (NYSE:POST) has scheduled a conference call for Friday, August 2, 2024, at 9:00 a.m. ET to discuss its third-quarter fiscal year 2024 financial results and outlook. The financial results will be released after market close on Thursday, August 1, 2024. Key executives, including CEO Robert V. Vitale, COO Jeff A. Zadoks, and CFO Matthew J. Mainer, will lead the call and respond to questions. Interested parties can join the call via provided phone numbers or access a webcast through Post's website. A replay will be available until August 9, 2024, both via phone and on the website.
Post Holdings (NYSE:POST) has announced executive leadership changes at its Weetabix and Refrigerated Retail businesses as part of ongoing succession planning.
Sally Abbott will transition to a strategic advisor role effective Oct. 1, 2024, until her planned retirement on March 31, 2025. She will be succeeded by Colm O'Dwyer as Managing Director of Weetabix. Abbott, who joined in 2008, led several key acquisitions and successfully integrated Weetabix into Post Holdings. O'Dwyer, Commercial Director since 2018, played a pivotal role in evolving the company's pricing, promotion, and international strategies.
Similarly, Mark Delahanty will transition to a strategic advisor role on Dec. 1, 2024, until his retirement on May 31, 2025. Mike McCoy will succeed Delahanty as President and CEO of Post Refrigerated Retail, effective Oct. 1, 2024. McCoy has extensive experience in various critical business areas within Post.
Weetabix and Refrigerated Retail are currently evaluating candidates to fill the roles vacated by these transitions.
Post Holdings (NYSE:POST) has reported avian influenza cases at two third-party contracted egg-laying facilities. These farms, located in Minnesota and Iowa, house about 5.7 million hens, constituting roughly 14% of Post's egg supply. Despite this, the company has reaffirmed its fiscal year 2024 Adjusted EBITDA guidance, projecting between $1,335 million and $1,375 million. The financial impact of the avian influenza cases is considered manageable within this range. Notably, this guidance does not account for a significant outbreak, the effects of which are unpredictable. Further updates will only be provided if additional cases impact more than 5% of the controlled supply.
Post Holdings, Inc. (POST) reported strong results for the second fiscal quarter of 2024, with net sales reaching $2.0 billion, operating profit at $190.1 million, net earnings of $97.2 million, and Adjusted EBITDA of $345.2 million. The company also raised its fiscal year 2024 Adjusted EBITDA outlook to $1,335-$1,375 million.
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