Post Holdings (POST) Misses Q3 EPS by 5c
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August 2, 2018 5:06 PM EDT
ST. LOUIS, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE: POST), a consumer packaged goods holding company, today reported results for the third fiscal quarter ended June 30, 2018.
Highlights:
Net sales of $1.6 billionOperating profit of $187.8 million; net earnings of $96.5 million and Adjusted EBITDA of $314.2 millionUpdated fiscal year 2018 Adjusted EBITDA (non-GAAP) guidance range of $1.225-$1.235 billionAnnounces formation of 8th Avenue Food & Provisions, consisting of the private brands business, which Post and Thomas H. Lee Partners together will separately...
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August 2, 2018 5:06 PM EDT
Post and THL to capitalize newly created business, 8th Avenue Food & Provisions
8th Avenue creates opportunity to drive consolidation in private brandsPost to retain 60.5% of common equity; $875 million cash proceeds fully monetizes Posts net asset investment and results in deleveraging to 5.5x
ST. LOUIS, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE: POST) (Post), a consumer packaged goods holding company, announced today it has formed 8th Avenue Food & Provisions (8th Avenue), consisting of Posts private brands business, and it has... More
