Post Holdings (NYSE: POST) reported Q1 EPS of $0.76, $0.38 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.47 billion.

Highlights:

• Net sales of $1.5 billion
  • Net sales were $1,456.8 million, an increase of 3.2%, or $45.5 million, compared to the prior year period net sales of $1,411.3 million
• Net earnings available to common shareholders were $99.2 million, or $1.38 per diluted common share, compared to the prior year period net earnings available to common shareholders of $123.6 million, or $1.67 per diluted common share.
  • Adjusted net earnings were $54.7 million, or $0.76 per diluted common share, compared to the prior year period Adjusted net earnings of $83.3 million, or $1.11 per diluted common share.
• Operating profit of $196.0 million; net earnings of $99.2 million and Adjusted EBITDA of $303.1 million
• Reaffirmed fiscal year 2020 Adjusted EBITDA (non-GAAP) guidance range of $1.22-$1.27 billion, including the results of BellRing Brands

Outlook

Post management continues to expect fiscal year 2020 Adjusted EBITDA, including 100% contribution from BellRing and excluding any contribution from 8th Avenue, to range between $1.22-$1.27 billion, with modest favorability to the second half of fiscal 2020.

Post management continues to expect Post’s fiscal year 2020 capital expenditures to range between $240-$260 million, including approximately $4 million attributable to BellRing.

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