ST.
LOUIS, Sept. 25, 2024 /PRNewswire/ -- Post
Holdings, Inc. (NYSE:POST), a consumer packaged goods holding
company, today affirmed its non-GAAP Adjusted EBITDA guidance for
fiscal year 2024.
Fiscal Year 2024 Outlook
Post management affirmed its outlook for fiscal year 2024
Adjusted EBITDA of $1,370-$1,390
million.
Post provides Adjusted EBITDA guidance only on a non-GAAP basis
and does not provide a reconciliation of its forward-looking
Adjusted EBITDA non-GAAP guidance measure to the most directly
comparable GAAP measure due to the inherent difficulty in
forecasting and quantifying certain amounts that are necessary for
such reconciliation, including adjustments that could be made for
income/expense on swaps, net, gain/loss of extinguishment of debt,
net, integration and transaction costs, mark-to-market adjustments
on commodity and foreign exchange hedges and equity securities,
equity method investment adjustment and other charges reflected in
Post's reconciliations of historical numbers, the amounts of which,
based on historical experience, could be significant. For
additional information regarding Post's non-GAAP measure, see the
related explanation presented under "Post's Use of Non-GAAP
Measure."
Post's Use of Non-GAAP Measure
Post uses Adjusted EBITDA, a non-GAAP measure, to supplement the
financial measures prepared in accordance with United States ("U.S.") generally accepted
accounting principles ("GAAP"). Adjusted EBITDA is not prepared in
accordance with U.S. GAAP, as it excludes certain items, and may
not be comparable to similarly-titled measures of other companies.
Management uses Adjusted EBITDA as a key metric in the evaluation
of underlying company and segment performance, in making financial,
operating and planning decisions and, in part, in the determination
of bonuses for its executive officers and employees. Additionally,
Post is required to comply with certain covenants and limitations
that are based on variations of EBITDA in its financing documents.
Management believes the use of this non-GAAP measure provides
increased transparency and assists investors in understanding the
underlying operating performance of Post and its segments and in
the analysis of ongoing operating trends.
Prospective Financial Information
Prospective financial information is necessarily speculative in
nature, and it can be expected that some or all of the assumptions
underlying the prospective financial information described above
will not materialize or will vary significantly from actual
results. For further discussion of some of the factors that may
cause actual results to vary materially from the prospective
financial information provided above, see "Forward-Looking
Statements" below. Accordingly, the prospective financial
information provided above is only an estimate of what Post's
management believes is realizable as of the date of this press
release. It also should be recognized that the reliability of any
forecasted financial data diminishes the farther in the future that
the data is forecasted. In light of the foregoing, the information
should be viewed in context and undue reliance should not be placed
upon it.
Forward-Looking Statements
Certain matters discussed in this press release are
forward-looking statements. These forward-looking statements are
made based on known events and circumstances at the time of
release, and as such, are subject to uncertainty and changes in
circumstances. These forward-looking statements include Post's
Adjusted EBITDA outlook for fiscal year 2024. Such statements
involve certain risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements
made herein. These risks and uncertainties are described in
Post's filings with the Securities and Exchange Commission. These
forward-looking statements represent Post's judgment as of the date
of this press release. Post disclaims, however, any intent or
obligation to update these forward-looking statements. All
forward-looking statements in this press release are qualified in
their entirety by this cautionary statement.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged
goods holding company with businesses operating in the
center-of-the-store, refrigerated, foodservice and food ingredient
categories. Its businesses include Post Consumer Brands, Weetabix,
Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader
in the North American ready-to-eat cereal and pet food categories
and also markets Peter Pan® peanut butter.
Weetabix is home to the United
Kingdom's number one selling ready-to-eat cereal brand,
Weetabix®. Michael Foods and Bob Evans Farms are
leaders in refrigerated foods, delivering innovative, value-added
egg and refrigerated potato side dish products to the foodservice
and retail channels. Post participates in the private brand food
category through its ownership interest in 8th Avenue Food &
Provisions, Inc. For more information, visit
www.postholdings.com.
Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke@postholdings.com
(314) 806-3959
View original content to download
multimedia:https://www.prnewswire.com/news-releases/post-holdings-affirms-fiscal-year-2024-adjusted-ebitda-outlook-302258557.html
SOURCE Post Holdings, Inc.