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 leading consumer packaged goods company operating across cereals, refrigerated foods, and foodservice sectors. This news hub provides investors and industry observers with centralized access to official announcements and market-moving developments.
Track POST's strategic initiatives through press releases covering earnings results, acquisition updates, product innovations, and operational milestones. Our curated collection ensures timely access to information impacting the company's position in food manufacturing and distribution.
Key content categories include quarterly financial disclosures, brand portfolio expansions, supply chain developments, and partnership announcements. Discover updates from POST's core segments: Post Consumer Brands cereals, Weetabix operations, and refrigerated retail innovations.
Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis. Regularly updated to reflect POST's evolving business strategy in the competitive packaged foods landscape.
Post Holdings announced on July 12, 2022, that as of the Early Participation Date, approximately $1,449 million of its notes had been tendered under a cash tender offer. The anticipated Total Consideration for the accepted notes is around $450 million, based on tender amounts and associated Bid Premiums. The deadline for the tender offer is set for July 25, 2022, with expected settlement on July 26. The tender is subject to various conditions, and there's no guarantee of financing or completion.
Post Holdings has announced a cash tender offer to purchase up to $450 million of its outstanding Senior Notes, specifically the 4.625% Senior Notes maturing in April 2030 and the 4.50% Senior Notes maturing in September 2031. This offer is set to expire on July 25, 2022, with an early participation deadline on July 11, 2022. Holders who participate early will receive an additional $50 per $1,000 in principal. The offer is contingent on certain conditions, including financing, and may be amended or extended at the Company's discretion.
Post Holdings announced a $110 million investment to expand cereal production capacity at its Sparks, Nevada facility. This expansion aims to address capacity constraints and meet growing consumer demand while reducing transportation costs for West Coast customers. The project is expected to create 30-40 new jobs and is set to be completed by 2025, with initial capacity available in late 2024. CEO Nicolas Catoggio highlighted the geographic balance and flexibility the expansion will provide for better customer service.
Post Holdings reported Q2 2022 net sales of $1.41 billion, up 17.3% year-over-year. Operating profit was $100 million, a 22.8% decline from the previous year. However, net earnings from continuing operations surged 383.5% to $525.6 million, with diluted earnings per share at $8.44. Despite challenges like raw material inflation and labor shortages, the company reaffirmed its FY 2022 Adjusted EBITDA guidance at $910-$940 million.
Post Holdings, Inc. (NYSE:POST) will host a conference call on May 6, 2022, at 9:00 a.m. EDT to discuss second-quarter fiscal year 2022 financial results and the company's outlook. Robert V. Vitale, CEO, and Jeff A. Zadoks, CFO, will lead the call. The financial results will be released after market close on May 5, 2022. Interested parties can access the call via phone or through a webcast on the Investor Relations section of Post's website.
Post Holdings, Inc. (NYSE:POST) reported a positive avian influenza incident affecting its Michael Foods egg-laying facility in Nebraska, which houses about 2 million hens, approximately 4% of its controlled supply. The company expects a 2022 Adjusted EBITDA between $910 million and $940 million, accounting for this incident. The impact of potential further avian influenza cases remains uncertain. Post's guidance excludes significant expansion of the outbreak and incorporates all known variables related to input costs and labor markets.
Post Holdings completed the spin-off of 80.1% of its interest in BellRing Brands, distributing 78,076,841 shares to shareholders on March 10, 2022. Each shareholder received approximately 1.27 shares of New BellRing for each Post share held. Post now holds 14.2% of New BellRing and shareholders own 57.3%. The transaction, which qualifies as a tax-free distribution for U.S. federal income tax purposes, resulted in Post receiving $289.5 million in value. The dual class voting structure has been eliminated post-transaction.
Post Holdings, Inc. (NYSE:POST) announced plans to partially redeem $840 million of its 5.75% senior notes due March 2027 on March 17, 2022. This action represents approximately 65% of the outstanding notes. The redemption price will be 102.875% of the principal, plus accrued interest. The redemption is contingent on completing related financing transactions and depositing the redemption amount with the trustee by the redemption date. The company is also proceeding with a spin-off of 80.1% of its interest in BellRing Distribution.
Post Holdings, Inc. (NYSE:POST) has announced the distribution date for its spin-off of 80.1% of its interest in BellRing Brands, Inc. On March 10, 2022, Post plans to distribute 78,076,819 shares of New BellRing stock to its shareholders on a pro rata basis, with each shareholder receiving 1.267788 shares of New BellRing for each Post share held as of February 25, 2022. The spin-off is subject to certain conditions, including stockholder approval and tax opinions. Two-way trading for Post shares will be available prior to the distribution date, offering various trading options.
On March 1, 2022, New BellRing announced the pricing of $840 million in 7.00% senior notes due 2030, as part of Post Holdings' plan to spin off 80.1% of its interest in New BellRing to shareholders. The offering will close on March 10, 2022, subject to the completion of the spin-off and a related merger with BellRing Brands. Proceeds will refinance existing debt and distribute cash to BellRing stockholders. The notes will be sold to qualified institutional buyers and are not obligations of Post. Forward-looking statements indicate risks of delays and market uncertainties.
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