NYSE$POST

Post holdings · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported results for the third quarter of fiscal year 2023 and raised fiscal year 2023 outlook.

Post Holdings reported a 21.9% increase in net sales to $1.9 billion for the third quarter of fiscal year 2023. Operating profit increased by 50.0% to $158.3 million, and Adjusted EBITDA increased by 34.8% to $338.2 million. The company also raised its fiscal year 2023 Adjusted EBITDA guidance range to $1,180-$1,200 million.

  • Third quarter net sales of $1.9 billion.
  • Operating profit of $158.3 million; net earnings from continuing operations of $89.6 million and Adjusted EBITDA (non-GAAP) of $338.2 million.
  • Net sales were $1,859.4 million, an increase of 21.9%.
  • Raised Adjusted EBITDA (non-GAAP) guidance range for fiscal year 2023 to $1,180-$1,200 million

Headline financials

Total Revenue

$1.86B

Previous: $1.52B+21.9%
EPS (adj)

$1.52

Previous: $0.69+120.3%
Free Cash Flow

$89.6M

Previous: $170M-47.4%
Net Income

$89.6M

Previous: $170M-47.4%
Operating Income

$158M

Previous: $106M+50.0%
Gross Profit

$502M

Previous: $365M+37.5%
Cash & Equivalents

$209M

Previous: $264M-20.8%
Total Assets

$11.9B

Previous: $11.6B+2.8%
Stock-Based Comp

$20M

Previous: $16.7M+19.8%

Revenue & EPS history

Post · Revenue · Quarterly

$1.86B

Q3 2023+21.9%vs Q3 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Post · $1.86B total across 4 segments · Q3 2023

  • Post Consumer Brands
    $871M+51.6%
  • Foodservice
    $623M+7.5%
  • Refrigerated Retail
    $231M-6.4%
  • Weetabix
    $134M+7.4%

Forward guidance

Post management has raised its fiscal year 2023 Adjusted EBITDA range to $1,180-$1,200 million. Post management expects fiscal year 2024 Adjusted EBITDA to modestly exceed the midpoint of this updated fiscal year 2023 outlook. Post management expects fiscal year 2023 capital expenditures to range between $275-$300 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+0.4%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

52%

32 / 62 earnings

Positive

+12.3%

Q1 2016

Best reaction

-17.4%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.0%+1.3%-12.1%
Q1 2026+9.8%+6.2%+1.1%
Q4 2025-9.6%-4.0%-5.8%
Q2 2025+0.3%-2.3%-1.3%
Q1 2025+6.3%+5.5%+10.4%
Q4 2024-3.0%+0.8%+7.0%
Q3 2024+4.0%+2.2%+5.9%
Q2 2024-2.1%+0.6%+1.7%
Q1 2024+8.8%+12.3%+12.3%
Q4 2023-1.5%-0.1%+3.9%
Q3 2023+3.0%+3.5%+4.8%
Q2 2023+0.1%-1.8%-4.1%
Q1 2023+0.2%-0.8%-3.5%
Q4 2022-0.7%+4.8%+1.4%
Q3 2022+1.5%+1.8%-1.1%
Q2 2022+6.7%+3.9%+6.5%
Q1 2022-1.7%+0.4%-2.3%
Q4 2021-4.4%-2.1%+0.0%
Q3 2021+8.8%+10.9%+11.2%
Q2 2021+1.8%+1.7%+1.4%
Q1 2021+2.0%+3.1%+9.7%
Q4 2020-6.8%-1.3%+1.8%
Q3 2020-2.8%-3.4%-2.8%
Q2 2020+2.2%+0.5%+3.7%
Q1 2020-2.9%-0.2%-5.2%
Q4 2019-4.6%+0.1%+3.3%
Q3 2019-4.4%-8.1%-7.0%
Q2 2019-7.8%-5.6%-6.0%
Q1 2019+5.3%+4.6%+11.4%
Q4 2018+4.8%+0.1%+0.0%
Q3 2018+9.9%+12.7%+14.2%
Q2 2018+3.4%+1.1%+2.1%
Q1 2018-1.7%-2.3%+2.6%
Q4 2017+2.1%+0.6%-1.6%
Q3 2017+2.8%+1.8%+2.9%
Q2 2017-3.8%-0.6%+1.9%
Q1 2017+2.0%+1.2%+1.3%
Q4 2016-0.7%+2.5%+6.7%
Q3 2016-1.5%-2.3%+0.7%
Q2 2016+5.7%
Q1 2016+12.3%
Q4 2015+4.3%
Q3 2015+9.4%
Q2 2015+10.3%
Q1 2015+0.2%
Q4 2014+4.8%
Q3 2014-17.4%
Q2 2014-8.2%
Q1 2014-0.9%
Q4 2013+1.2%
Q3 2013-1.3%
Q2 2013-5.5%
Q1 2013-0.6%
Q4 2012-0.9%
Q4 2011+4.2%
Q4 2010-5.1%
Q3 2011-5.1%
Q2 2011-5.1%
Q3 2012-1.7%
Q2 2012-2.9%
Q1 2011+1.6%
Q1 2012+1.6%

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