Post Holdings (POST) Misses Q2 EPS by 2c
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Post Holdings (NYSE: POST) reported Q2 EPS of $1.06, $0.02 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.55 billion.
Outlook
Post management has affirmed its fiscal year 2018 Adjusted EBITDA range of $1.22-$1.25 billion, with modest favorability to the fourth quarter.
In fiscal year 2018, Post management expects to incur the following costs, which are treated as adjustments to non-GAAP measures:
- $25-$30 million of integration costs, comprised of severance, retention and third party consulting expenses; and
- $5-$7 million of restructuring and plant closure costs associated with the closure of the Clinton cereal facility, comprised of severance, retention and related expenses and accelerated depreciation.
Post management has updated its fiscal year 2018 capital expenditures range to be between $245-$255 million. This includes requirements to complete the start-up and transfer of production to other facilities related to the Clinton cereal facility closure and $45-$50 million related to the previously announced cage-free housing conversion at the Bloomfield, Nebraska facility.
For earnings history and earnings-related data on Post Holdings (POST) click here.
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