Post Holdings (POST) Tops Q3 EPS by 20c, Raises FY EBITDA Guidance

Post Holdings (NYSE: POST) reported Q3 EPS of $0.27, $0.20 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.17 billion.

Outlook

As a result of better than expected results in the third quarter and expected continued strength in the fourth quarter, Post management has raised its fiscal 2015 Adjusted EBITDA guidance range to be between $635.0 million and $650.0 million, from between $585.0 million and $610.0 million. Post's Adjusted EBITDA guidance incorporates the net impact of previous disruptions on Post's Michael Foods egg business as a result of past avian influenza outbreaks and assumes no additional avian influenza outbreaks.

Post management expects fiscal 2015 capital expenditures to be between $110.0 million and $120.0 million. This reflects approximately $35.0 million related to growth activities, mostly at Michael Foods. Maintenance capital expenditures are expected to be between $75.0 million and $85.0 million.

For earnings history and earnings-related data on Post Holdings (POST) click here.

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