Post Holdings Stock Surges As Q4 Earnings Exceed Expectations

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  • Post Holdings Inc POST, a consumer packaged goods holding company, reported fourth-quarter FY22 sales growth of 16.5% year-on-year to $1.58 billion, beating the consensus of $1.55 billion.
  • Gross profit increased 18.1% to $392.6 million, with the margin expanding 40 basis points to 24.9%.
  • Selling, general and administrative expenses rose 9.9% to $223.8 million.
  • The operating margin was 8.4%, and operating income for the quarter rose 55.7% to $131.9 million.
  • The company held $590.1 million in cash and equivalents as of September 30, 2022. Cash generated from operating activities for the year totaled $384.2 million.
  • Adjusted EBITDA increased 31.9% to $279.7 million.
  • Adjusted EPS of $0.85 beat the analyst consensus of $0.70.
  • In Q4, Post repurchased 1.1 million shares of its common stock for $100.0 million at an average price of $90.30 per share.
  • Outlook: Post sees FY23 adjusted EBITDA of $990 million - $1.040 billion.
  • Price Action: POST shares are trading higher by 9.35% at $97.99 in premarket on the last check Friday.
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