Post Holdings Q1 net sales $2.0B, raises adj. EBITDA guidance; CEO returns; $400M buyback authorized

Post Holdings, Inc.

2024-Q1 EPS reported $1.35 revenue$1,965,900,000

Q1 net sales $2.0B; net earnings $88.1M; Adj. EBITDA $359.5M; raised FY2024 Adj. EBITDA outlook to $1,290-$1,340M.
CEO Rob Vitale returned from medical leave effective Jan 30; interim CEO Jeff Zadoks resumes COO role.
Board approved new $400M share repurchase authorization effective Feb 5, 2024, for two years; prior auth had $234M utilized.
Existing $400M authorization cancelled; new auth allows open-market and derivative purchases.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jeff A. Zadoks

Executive Vice President and Chief Operating Officer

POST · Post Holdings, Inc.

Effective: 2024-01-30
Filed: February 1, 2024, 6:59 PM ET

In addition, Jeff A. Zadoks, who had been serving as the Company’s interim President and Chief Executive Officer and principal executive officer, is no longer serving in those roles as of January 30, 2024 and continues to serve as the Company’s Executive Vice President and Chief Operating Officer.

Appointed

Robert V. Vitale

President and Chief Executive Officer

POST · Post Holdings, Inc.

Effective: 2024-01-30
Filed: February 1, 2024, 6:59 PM ET

the Company’s Board of Directors (the “Board”) reappointed Mr. Vitale as the Company’s principal executive officer effective January 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Post Holdings, Inc. reported first fiscal quarter ended December 31, 2023 results: revenue $2.0 billion, net income $88.1 million. Guidance raised.

Period: first fiscal quarter ended December 31, 2023
Revenue: $2.0 billion
Net income: $88.1 million
Guidance: raised
Result: reported results

Exact text from the filing

Post Holdings Reports Results for the First Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook St. Louis - February 1, 2024 - Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the first fiscal quarter ended December 31, 2023. Highlights: • First quarter net sales of $2.0 billion • Operating profit of $209.3 million; net earnings of $88.1 million and Adjusted EBITDA (non-GAAP)* of $359.5 million • Raised fiscal year 2024 Adjusted EBITDA (non-GAAP)* outlook to $1,290-$1,340 million

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff A. Zadoks changed role as Executive Vice President and Chief Operating Officer at Post Holdings, Inc..

Action: ceased serving as interim President and CEO
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

In addition, Jeff A. Zadoks, who had been serving as the Company’s interim President and Chief Executive Officer and principal executive officer, is no longer serving in those roles as of January 30, 2024 and continues to serve as the Company’s Executive Vice President and Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert V. Vitale was appointed as President and Chief Executive Officer at Post Holdings, Inc..

Action: reappointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company’s Board of Directors (the “Board”) reappointed Mr. Vitale as the Company’s principal executive officer effective January 30, 2024.

View on SEC.gov

23 earnings releases filed in the last 30 days. Browse all earnings releases →

Post Holdings, Inc. filing history →

Source: SEC EDGAR

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