BMO Capital Raises Price Target on Post Holdings (POST) Following 3Q

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Post Holdings Reports Results for the Third Quarter of Fiscal Year 2016

August 4, 2016 5:01 PM EDT

ST. LOUIS, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE: POST), a consumer packaged goods holding company, reported results today for the fiscal quarter ended June 30, 2016.

Highlights:

Net sales of $1.2 billionOperating profit of $142.0 million and net earnings of $3.3 millionAdjusted EBITDA of $231.0 millionReaffirmed Adjusted EBITDA (non-GAAP) guidance range for fiscal year 2016 of $915-$925 million

Third Quarter Consolidated Operating Results

Third quarter net sales were $1,246.1 million, an increase of $34.3... More