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Mar 31, 2021

Post Q2 2021 Earnings Report

Post Holdings reported results for the second quarter of fiscal year 2021.

Key Takeaways

Post Holdings reported a decrease in net sales by 0.7% to $1.5 billion. Operating profit was $145.1 million, a decrease of 5.5%, and net earnings were $109.9 million, an increase of 157.4%. Adjusted EBITDA was $263.8 million, a decrease of 9.6%.

Second quarter net sales of $1.5 billion.

Operating profit of $145.1 million; net earnings of $109.9 million; Adjusted EBITDA of $263.8 million.

Net sales growth in BellRing Brands and Refrigerated Retail was offset by declines in Post Consumer Brands and Foodservice.

Second half fiscal year 2021 Adjusted EBITDA (non-GAAP) expected to range between $590-$620 million.

Total Revenue
$1.48B
Previous year: $1.49B
-0.7%
EPS
$0.29
Previous year: $0.65
-55.4%
Gross Profit
$451M
Previous year: $439M
+2.8%
Cash and Equivalents
$741M
Previous year: $1.18B
-37.2%
Total Assets
$12.1B
Previous year: $12.2B
-0.8%

Post

Post

Post Revenue by Segment

Forward Guidance

Post management expects Adjusted EBITDA for the second half of fiscal year 2021 to be between $590-$620 million, with modest favorability to the fourth quarter. Post management continues to expect fiscal year 2021 capital expenditures to range between $225-$250 million, including approximately $4 million attributable to BellRing.

Revenue & Expenses

Visualization of income flow from segment revenue to net income