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Sep 30, 2023

Post Q4 2023 Earnings Report

Post Holdings reported mixed results for Q4 2023, with increased net sales and adjusted EBITDA offset by a decrease in net earnings from continuing operations.

Key Takeaways

Post Holdings reported a 23.2% increase in net sales to $1.9 billion for the fourth quarter of 2023, driven by the acquisition of the Smucker's pet food business. Operating profit increased by 16.0% to $153.0 million, while net earnings from continuing operations decreased by 21.7% to $65.7 million. Adjusted EBITDA increased by 24.8% to $349.0 million.

Net sales increased by 23.2% to $1.9 billion, including $404.5 million from the Pet Food acquisition.

Operating profit increased by 16.0% to $153.0 million.

Net earnings from continuing operations decreased by 21.7% to $65.7 million.

Adjusted EBITDA increased by 24.8% to $349.0 million.

Total Revenue
$1.95B
Previous year: $1.58B
+23.2%
EPS
$1.63
Previous year: $0.85
+91.8%
Adjusted EBITDA
$349M
Gross Profit
$551M
Previous year: $393M
+40.4%
Cash and Equivalents
$93.3M
Previous year: $587M
-84.1%
Free Cash Flow
$169M
Total Assets
$11.6B
Previous year: $11.3B
+3.0%

Post

Post

Post Revenue by Segment

Forward Guidance

Post management expects Adjusted EBITDA for fiscal year 2024 to be between $1,200-$1,260 million and capital expenditures to range between $400-$425 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income