Post Holdings, Inc. (POST): restructuring charge — Post Holdings to close Lancaster cereal plant; sees $49-55M charges, $20M capex, $23-25M annual savings from FY2025

Post Holdings, Inc.

Lancaster, OH cereal plant to close by end of September 2024; ~200 employees impacted.
Pre-tax charges of $49-55M including $15-19M cash severance/pension and $32M accelerated depreciation.
Capital expenditures of ~$20M incremental to FY2024 capex guidance of $400-425M for production transfer.
Annual cost savings of $23-25M expected starting in fiscal year 2025.
Facility added in June 2021 via acquisition of TreeHouse Foods ready-to-eat cereal business.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

Post Holdings, Inc. announced a restructuring with charges of pre-tax charges of approximately $49 to $55 million in connection with the transfer of production capabilities to other Company locations and closure of the Fac affecting cereal manufacturing facility in Lancaster, Ohio (approximately 200 employees).

Type: restructuring
Charge: pre-tax charges of approximately $49 to $55 million in connection with the transfer of production capabilities to other Company locations and closure of the Fac
Affected area: cereal manufacturing facility in Lancaster, Ohio
Headcount: approximately 200 employees

Exact text from the filing

locations and closure of the Facility is currently expected to be completed by the end of September 2024. The Company currently expects to incur pre-tax charges of approximately $49 to $55 million in connection with the transfer of production capabilities to other Company locations and closure of the Facility. Components of the pre-tax charges include cash

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Post Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001530950-23-000399

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