Corporate Profiles - 2023 - 102
COMPANY overview
Post Holdings, Inc.
S
t. Louis-based Post Holdings, Inc. kicked
off 2023 with a $1.2 billion acquisition
of pet food brands and manufacturing
assets from the J.M. Smucker Co. in February.
Brands included in the acquisition were Rachael
Ray Nutrish, Nature's Recipe, 9Lives,
Kibbles 'n Bits and Gravy Train.
" We expect this acquisition to continue our
history of creating value with a buy-and-build
approach to categories, " said Robert V. Vitale,
president and chief executive officer of Post
Holdings. " These iconic brands are ideally suited
to this strategy. "
The pet food sector joins cereal and peanut
butter under the Post Consumer Brands (PCB)
Addition of J.M. Smucker pet food brands
part of buy-and-build strategy
$672.7 million, or $10.96 per share, in the
same time during the previous year. Net sales
jumped 18% to $5.04 billion from $4.27 billion
in the prior year period.
The foodservice category has exceeded expectations
this year. Net sales in foodservice
increased 7.5% to $622.7 million when compared
with last year's third quarter. Volume rose
3%, driven by away-from-home demand for
eggs and potatoes.
" Along with everyone else, we took considerable
price (hits) the last two years, " Mr. Vitale
said in an Aug. 4 earnings call. " At the same
time, this is the segment that had the most
challenging supply chain two years ago, and it
is the segment that has had the most improvement
in supply chain over these last two years. "
In addition, Post Holdings in the third quarChief
executive officer -
Robert V. Vitale
umbrella and as of the third quarter ended June
30, helped bolster the business unit's financial
results.
In a conference call about third-quarter results,
executives shared that PCB's net sales
rose 52% to $871.3 million, which included
$275.3 million attributable to Pet Food. Excluding
the gains from Pet Food, third-quarter
volume fell 5.7%, primarily driven by decreases
in peanut butter and branded cereal. Volume
increases in private label cereal partially offset
the decline.
Over the first nine months of the fiscal year,
net earnings of $235.6 million, or $4.13 per
share on the common stock, were down from
102 \ October 2023
ter raised its adjusted forecasted EBITDA for
fiscal 2023 to $1.18 billion to $1.20 billion,
up from $1.09 billion to $1.13 billion forecast
during the second quarter.
In April, Post Holdings announced plans to
expand its Michael Foods manufacturing and
distribution facility in Norwalk, Iowa. The facility,
which is currently 150,000 square feet,
opened in 2019 and processes eggs and precooked
egg products.
The company expects to complete the expansion
by the end of this calendar year, further
supporting the foodservice category's rebound.
Post Holdings experienced some minor setbacks
this year, including an injury-free fire at
a cereal plant in Battle Creek, Mich., June 19,
and a lawsuit with the music group OK Go over
the mark OK GO! in connection with breakfast
cereals and cereal-based snack foods.
Post Holdings also pulled the plug on Post
Holdings Partnering Corp. (PHPC), a special
purpose acquisition company.
Looking ahead, the company has made a
climate pledge to reduce scope 3 emissions
intensity from sourced ingredients and packaging
by 30% by 2030. The company earlier had
committed to a 30% reduction of scope 1 and
2 greenhouse gas emissions by 2030. CP
Post Holdings, Inc.
net earnings
(fiscal years ended in September)
in millions
2022
2021
2020
Source: Post Holdings, Inc.
$757
$167
$0.8
Post Holdings, Inc.
net sales
(fiscal years ended in September)
in millions
2022
2021
2020
$5,851
$4,981
$4,711
Source: Post Holdings, Inc.
Post Holdings, Inc.
share price
$80
$85
$90
$95
$100
Sept. Nov.
2022
HIGH =
Dec. 2, 2022 = $95.75
LOW =
Oct. 6, 2022 = $81.15
Sept. 15, 2023 = $87.47
March M Julyay
Jan.
2023
Sept.
Source: New York Stock Exchange
POST HOLDINGS, INC.
Milling & Baking News * Food Business News * Baking & Snack * Meat+Poultry * Dairy Processing * Pet Food Processing
Corporate Profiles
Corporate Profiles - 2023
Table of Contents for the Digital Edition of Corporate Profiles - 2023
Corporate Profiles - 2023 - 1
Corporate Profiles - 2023 - 2
Corporate Profiles - 2023 - 3
Corporate Profiles - 2023 - 4
Corporate Profiles - 2023 - 5
Corporate Profiles - 2023 - 6
Corporate Profiles - 2023 - 7
Corporate Profiles - 2023 - 8
Corporate Profiles - 2023 - 9
Corporate Profiles - 2023 - 10
Corporate Profiles - 2023 - 11
Corporate Profiles - 2023 - 12
Corporate Profiles - 2023 - 13
Corporate Profiles - 2023 - 14
Corporate Profiles - 2023 - 15
Corporate Profiles - 2023 - 16
Corporate Profiles - 2023 - 17
Corporate Profiles - 2023 - 18
Corporate Profiles - 2023 - 19
Corporate Profiles - 2023 - 20
Corporate Profiles - 2023 - 21
Corporate Profiles - 2023 - 22
Corporate Profiles - 2023 - 23
Corporate Profiles - 2023 - 24
Corporate Profiles - 2023 - 25
Corporate Profiles - 2023 - 26
Corporate Profiles - 2023 - 27
Corporate Profiles - 2023 - 28
Corporate Profiles - 2023 - 29
Corporate Profiles - 2023 - 30
Corporate Profiles - 2023 - 31
Corporate Profiles - 2023 - 32
Corporate Profiles - 2023 - 33
Corporate Profiles - 2023 - 34
Corporate Profiles - 2023 - 35
Corporate Profiles - 2023 - 36
Corporate Profiles - 2023 - 37
Corporate Profiles - 2023 - 38
Corporate Profiles - 2023 - 39
Corporate Profiles - 2023 - 40
Corporate Profiles - 2023 - 41
Corporate Profiles - 2023 - 42
Corporate Profiles - 2023 - 43
Corporate Profiles - 2023 - 44
Corporate Profiles - 2023 - 45
Corporate Profiles - 2023 - 46
Corporate Profiles - 2023 - 47
Corporate Profiles - 2023 - 48
Corporate Profiles - 2023 - 49
Corporate Profiles - 2023 - 50
Corporate Profiles - 2023 - 51
Corporate Profiles - 2023 - 52
Corporate Profiles - 2023 - 53
Corporate Profiles - 2023 - 54
Corporate Profiles - 2023 - 55
Corporate Profiles - 2023 - 56
Corporate Profiles - 2023 - 57
Corporate Profiles - 2023 - 58
Corporate Profiles - 2023 - 59
Corporate Profiles - 2023 - 60
Corporate Profiles - 2023 - 61
Corporate Profiles - 2023 - 62
Corporate Profiles - 2023 - 63
Corporate Profiles - 2023 - 64
Corporate Profiles - 2023 - 65
Corporate Profiles - 2023 - 66
Corporate Profiles - 2023 - 67
Corporate Profiles - 2023 - 68
Corporate Profiles - 2023 - 69
Corporate Profiles - 2023 - 70
Corporate Profiles - 2023 - 71
Corporate Profiles - 2023 - 72
Corporate Profiles - 2023 - 73
Corporate Profiles - 2023 - 74
Corporate Profiles - 2023 - 75
Corporate Profiles - 2023 - 76
Corporate Profiles - 2023 - 77
Corporate Profiles - 2023 - 78
Corporate Profiles - 2023 - 79
Corporate Profiles - 2023 - 80
Corporate Profiles - 2023 - 81
Corporate Profiles - 2023 - 82
Corporate Profiles - 2023 - 83
Corporate Profiles - 2023 - 84
Corporate Profiles - 2023 - 85
Corporate Profiles - 2023 - 86
Corporate Profiles - 2023 - 87
Corporate Profiles - 2023 - 88
Corporate Profiles - 2023 - 89
Corporate Profiles - 2023 - 90
Corporate Profiles - 2023 - 91
Corporate Profiles - 2023 - 92
Corporate Profiles - 2023 - 93
Corporate Profiles - 2023 - 94
Corporate Profiles - 2023 - 95
Corporate Profiles - 2023 - 96
Corporate Profiles - 2023 - 97
Corporate Profiles - 2023 - 98
Corporate Profiles - 2023 - 99
Corporate Profiles - 2023 - 100
Corporate Profiles - 2023 - 101
Corporate Profiles - 2023 - 102
Corporate Profiles - 2023 - 103
Corporate Profiles - 2023 - 104
Corporate Profiles - 2023 - 105
Corporate Profiles - 2023 - 106
Corporate Profiles - 2023 - 107
Corporate Profiles - 2023 - 108
Corporate Profiles - 2023 - 109
Corporate Profiles - 2023 - 110
Corporate Profiles - 2023 - 111
Corporate Profiles - 2023 - 112
Corporate Profiles - 2023 - 113
Corporate Profiles - 2023 - 114
Corporate Profiles - 2023 - 115
Corporate Profiles - 2023 - 116
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2023
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2022
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2021
https://www.nxtbook.com/sosland/mbncp/2020_10_01
https://www.nxtbook.com/sosland/mbncp/2019_11_01
https://www.nxtbook.com/sosland/mbncp/2018_10_01
https://www.nxtbook.com/sosland/mbncp/2017_10_01
https://www.nxtbook.com/sosland/mbncp/2016_11_01
https://www.nxtbook.com/sosland/mbncp/2015_10_01
https://www.nxtbook.com/sosland/mbncp/2014_11_01
https://www.nxtbook.com/sosland/mbncp/2014_10_01
https://www.nxtbook.com/sosland/mbncp/2013_11_01
https://www.nxtbook.com/sosland/mbncp/2012_1001
https://www.nxtbook.com/sosland/mbncp/2011_10_01
https://www.nxtbook.com/sosland/mbncp/2010_10_01
https://www.nxtbook.com/sosland/mbncp/2009_11_01
https://www.nxtbook.com/sosland/mbncp/2008_11_01
https://www.nxtbook.com/sosland/mbncp/2007_11_01
https://www.nxtbook.com/sosland/mbncp/2006_11_01
https://www.nxtbook.com/sosland/mbncp/2005_11_01
https://www.nxtbookmedia.com