Post Holdings sells pasta business to Richardson for $375M cash; new $500M buyback authorized

Post Holdings, Inc.

Richardson will pay $375M cash and assume ~$80M in leaseback liabilities for 8th Avenue's pasta business.
Transaction expected to close in Post's fiscal Q1 2026, subject to customary conditions.
Post retains 8th Avenue's nut butters, fruit/nut and granola businesses, expected to contribute $45-50M in Adj. EBITDA in FY2026.
Post expects ~$15M annual cost synergies from retained businesses by end of FY2026, yielding a synergized multiple below 7x.
New $500M share repurchase authorization approved; $304.8M had been used under previous authorization since Feb 2025.

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