Post Holdings (NYSE: POST) reported Q3 EPS of $1.54, $0.29 better than the analyst estimate of $1.25. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $2.02 billion.

Outlook

For fiscal year 2024, Post management has raised its guidance range for Adjusted EBITDA to $1,370-$1,390 million from $1,335-$1,375 million. Post management expects fiscal year 2024 capital expenditures to range between $420-$445 million, which includes Foodservice investment in the expansion of the Norwalk, Iowa precooked egg facility and the start of the Phase II expansion of the Bloomfield, Nebraska cage-free egg facility, for aggregate expenditures of $100-$110 million. This also includes $90-$100 million for Pet Food quality, safety, capacity, pilot plant and distribution network investments and approximately $20 million related to the scheduled closing of the Lancaster, Ohio cereal manufacturing facility.

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