Post Q2 2023 Earnings Report
Key Takeaways
Post Holdings reported a net sales increase of 14.9% to $1.6 billion for the second quarter of fiscal year 2023. Operating profit increased by 37.7% to $137.7 million, and Adjusted EBITDA increased by 20.3% to $276.3 million. The company also raised its fiscal year 2023 Adjusted EBITDA guidance range to $1,090-$1,130 million, inclusive of a partial-year contribution from the acquired pet food brands.
Second quarter net sales of $1.6 billion.
Operating profit of $137.7 million; net earnings from continuing operations of $54.1 million and Adjusted EBITDA of $276.3 million.
Completed the acquisition of select pet food brands.
Raised Adjusted EBITDA guidance range for fiscal year 2023 to $1,090-$1,130 million, inclusive of partial year pet food contribution.
Post
Post
Post Revenue by Segment
Forward Guidance
Post management has raised its fiscal year 2023 Adjusted EBITDA range to $1,090-$1,130 million. This outlook includes five months of contribution from the Pet Food acquisition at its original estimate of $100 million for the twelve months following closing. Post management expects fiscal year 2023 capital expenditures to range between $275-$300 million, which includes an estimate for the Pet Food operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income