BellRing updates pro forma results: FY2021 EPS $0.46, nine-month FY2022 EPS $0.55 post-spin

BELLRING BRANDS, INC.

Nine months ended Jun 30, 2022 pro forma: net earnings $75.0M, EPS $0.55, net sales $992.3M.
Fiscal year ended Sep 30, 2021 pro forma: net earnings $63.5M, EPS $0.46, net sales $1,247.1M.
Pro forma reflects new 7.00% senior notes; interest expense $48.3M (9mo 2022) vs historical $32.8M.
Weighted-average basic shares increased from 39.5M to 136.5M due to LLC unit conversion.
Autonomous entity adjustments add $1.6M SG&A for amended master services agreement with Post.

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