Post Holdings, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Post Holdings, Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

Post Holdings, Inc. (POST) filed a Quarterly Report (10-Q) with the SEC on February 2, 2024. Post Holdings, Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the fiscal quarter from October 1, 2023, to December 31, 2023. The company's fiscal year ends on September 30. The filing was submitted on February 2, 2024. The company's principal business is in Grain Mill Products.

Why It Matters

For investors and stakeholders tracking Post Holdings, Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on Post Holdings' financial performance and position during the first fiscal quarter of 2024. The detailed financial information within the report is crucial for understanding the company's operational results, balance sheet changes, and cash flows, enabling informed investment decisions.

Risk Assessment

Risk Level: low — Post Holdings, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to assess Post Holdings' performance trends and identify any emerging risks or opportunities.

Key Numbers

• 2023-12-31 — Period End Date (The report covers the period ending on this date.)
• 2024-02-02 — Filing Date (The date the 10-Q was filed with the SEC.)
• 2023-10-01 — Quarter Start Date (The beginning of the fiscal quarter reported.)
• 2022-12-31 — Prior Year Quarter End (End date of the comparative prior year quarter.)

Key Players & Entities

• Post Holdings, Inc. (company) — Filer of the 10-Q report.
• 2023-12-31 (date) — End of the reporting period.
• 2024-02-02 (date) — Filing date of the 10-Q.
• 2023-10-01 (date) — Start of the reporting period.
• Grain Mill Products (industry) — Standard Industrial Classification for Post Holdings.

Forward-Looking Statements

• Post Holdings, Inc. will continue to see strong revenue growth in its Post Consumer Brands and Weetabix segments. (Post Holdings, Inc.) — medium confidence, target: 2024-09-30
• The company's focus on pricing strategies will lead to sustained improvements in net earnings. (Post Holdings, Inc.) — medium confidence, target: 2024-09-30

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The company must comply with various federal, state, and local regulations related to its operations, including food safety and environmental standards.
• Competition [medium — market]: The company operates in highly competitive markets, facing pressure from other food manufacturers and private label brands.
• Supply Chain Disruptions [medium — operational]: Disruptions in the supply chain, including availability and cost of raw materials, could adversely affect the company's operations and profitability.
• Debt Obligations [medium — financial]: The company has significant debt obligations, and its ability to service this debt could be impacted by its financial performance.

Key Dates

• 2024-02-02: 10-Q Filing — Submission of the quarterly financial report for the period ending December 31, 2023.
• 2023-12-31: Quarter End Date — Marks the end of the fiscal first quarter for which financial results are reported.
• 2023-10-01: Quarter Start Date — Marks the beginning of the fiscal first quarter for which financial results are reported.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share POST New York Stock
• $11.50 — A Common Stock at an exercise price of $11.50 per share (the "PHPC Private Placement

Filing Documents

• post-20231231.htm (10-Q) — 1240KB
• ex3-1ararticles.htm (EX-3.1) — 54KB
• ex3-2amendtoararticles1x30.htm (EX-3.2) — 17KB
• ex3-3amendtoararticles1x26.htm (EX-3.3) — 25KB
• post20231231ex311.htm (EX-31.1) — 11KB
• post-20231231ex312.htm (EX-31.2) — 11KB
• post20231231ex321.htm (EX-32.1) — 12KB
• post-20231231_g1.jpg (GRAPHIC) — 410KB
• 0001530950-24-000054.txt (&nbsp;) — 9367KB
• post-20231231.xsd (EX-101.SCH) — 56KB
• post-20231231_cal.xml (EX-101.CAL) — 67KB
• post-20231231_def.xml (EX-101.DEF) — 352KB
• post-20231231_lab.xml (EX-101.LAB) — 750KB
• post-20231231_pre.xml (EX-101.PRE) — 537KB
• post-20231231_htm.xml (XML) — 1313KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 1 Condensed Consolidated Statements of Operations (Unaudited) 1 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 2 Condensed Consolidated Balance Sheets (Unaudited) 3 Condensed Consolidated Statements of Cash Flows (Unaudited) 4 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 31

Controls and Procedures

Item 4. Controls and Procedures 32

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 32

Risk Factors

Item 1A. Risk Factors 33

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33

Other Information

Item 5. Other Information 33

Exhibits

Item 6. Exhibits 33

SIGNATURES

SIGNATURES 36 i Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION.

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED). POST HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (in millions, except per share data) Three Months Ended December 31, 2023 2022 Net Sales $ 1,965.9 $ 1,566.3 Cost of goods sold 1,393.3 1,151.4 Gross Profit 572.6 414.9 Selling, general and administrative expenses 322.9 228.7 Amortization of intangible assets 45.7 36.4 Other operating income, net ( 5.3 ) ( 0.1 ) Operating Profit 209.3 149.9 Interest expense, net 78.1 65.9 Gain on extinguishment of debt, net ( 3.1 ) ( 8.7 ) Expense (income) on swaps, net 21.1 ( 12.3 ) Other income, net ( 3.5 ) ( 13.4 ) Earnings before Income Taxes and Equity Method Loss 116.7 118.4 Income tax expense 28.5 24.7 Equity method loss, net of tax 0.1 — Net Earnings Including Noncontrolling Interests 88.1 93.7 Less: Net earnings attributable to noncontrolling interests — 1.8 Net Earnings $ 88.1 $ 91.9 Earnings per Common Share: Basic $ 1.46 $ 1.66 Diluted $ 1.35 $ 1.52 Weighted-Average Common Shares Outstanding: Basic 60.5 58.8 Diluted 67.3 65.8 See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited). 1 Table of Contents POST HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (in millions) Three Months Ended December 31, 2023 2022 Net Earnings Including Noncontrolling Interests $ 88.1 $ 93.7 Pension and postretirement benefits adjustments: Reclassifications to net earnings ( 0.4 ) ( 1.2 ) Foreign currency translation adjustments: Unrealized foreign currency translation adjustments 65.4 117.7 Tax benefit on other comprehensive income: Pension and postretirement benefits adjustments: Reclassifications to net earnings 0.1 0.3 Total Other Comprehensive Income Including Noncontrolling Interests 65.1 116.8 Less: Comprehensive (loss) income attributable to noncontrolling interests ( 0.4 ) 1.5 Total Comprehensive Income $ 153.6 $ 209.0 See accompanying

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