Post Holdings (POST) Tops Q1 EPS by 7c

Post Holdings (NYSE: POST) reported Q1 EPS of $0.88, $0.07 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.42 billion.

Outlook

Post management has updated its fiscal year 2018 Adjusted EBITDA range to be between $1.22-$1.25 billion, inclusive of Bob Evans.

Post management estimates U.S. income tax reform will reduce its fiscal year 2018 cash taxes by approximately $30-$35 million.

Post today announced it now expects to realize $35-$40 million in annual run-rate cost synergies related to the acquisition of Bob Evans by fiscal year 2020, an increase from Post’s initial expectation of $25 million.

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

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• American Outdoor Brands (AOUT) Tops Q4 EPS by 14c
• H.B. Fuller (FUL) Tops Q2 EPS by 3c; Offers Outlook