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Post Holdings (POST) Tops Q3 EPS by 13c, Offers Outlook

August 4, 2016 5:21 PM

Post Holdings (NYSE: POST) reported Q3 EPS of $0.62, $0.13 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.26 billion.

Outlook

Post management reaffirmed its fiscal 2016 Adjusted EBITDA guidance range of $915-$925 million. Of the previously announced incremental $25 million investment in brand building and productivity, approximately $9 million remains to be incurred in the fourth quarter of fiscal year 2016.

The Company provides guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the mostly directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for non-cash mark-to-market adjustments and settlements on interest rate swaps, transaction and integration costs, restructuring and plant closure costs, losses on assets held for sale and other charges reflected in the Company’s reconciliation of historic numbers, the amounts of which, based on historical experience, could be significant. For additional information regarding Post’s non-GAAP measures, see the related explanations presented under “Use of Non-GAAP Measures” later in this release.

Post management has updated its fiscal 2016 capital expenditures expectations to range between $135-$145 million, including approximately $15 million related to growth activities and approximately $15 million related to integration activities. Maintenance capital expenditures for fiscal 2016 are expected to range between $105-$115 million.

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

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Earnings Guidance

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