Post Holdings Files Q3 2024 10-Q
Ticker: POST · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1530950
| Field | Detail |
|---|---|
| Company | Post Holdings, Inc. (POST) |
| Form Type | 10-Q |
| Filed Date | Aug 2, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**Post Holdings Q3 10-Q is in. Check financials for latest performance.**
AI Summary
Post Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the third quarter and the first nine months of fiscal year 2024. Key financial details and operational updates are provided for this period, reflecting the company's performance and financial position.
Why It Matters
This filing provides investors with the latest financial performance data for Post Holdings, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.
Key Players & Entities
- Post Holdings, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240802 (date) — Filing date
- 0001530950-24-000223 (other) — Accession number for the filing
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ending June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 2, 2024.
What is the company's Central Index Key (CIK)?
Post Holdings, Inc.'s Central Index Key (CIK) is 0001530950.
What is the company's fiscal year end?
Post Holdings, Inc.'s fiscal year ends on September 30.
What is the SEC file number for Post Holdings, Inc.?
The SEC file number for Post Holdings, Inc. is 001-35305.
Filing Stats: 4,697 words · 19 min read · ~16 pages · Grade level 7.7 · Accepted 2024-08-02 12:15:57
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share POST New York Stock
Filing Documents
- post-20240630.htm (10-Q) — 1596KB
- ex3-1xpostxrestatedarticle.htm (EX-3.1) — 58KB
- post20240630ex311.htm (EX-31.1) — 11KB
- post-20240630ex312.htm (EX-31.2) — 11KB
- post20240630ex321.htm (EX-32.1) — 12KB
- post-20240630_g1.jpg (GRAPHIC) — 410KB
- 0001530950-24-000223.txt ( ) — 10373KB
- post-20240630.xsd (EX-101.SCH) — 59KB
- post-20240630_cal.xml (EX-101.CAL) — 71KB
- post-20240630_def.xml (EX-101.DEF) — 347KB
- post-20240630_lab.xml (EX-101.LAB) — 705KB
- post-20240630_pre.xml (EX-101.PRE) — 542KB
- post-20240630_htm.xml (XML) — 1682KB
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 25
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 36
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 36
Risk Factors
Item 1A. Risk Factors 36
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37
Other Information
Item 5. Other Information 37
Exhibits
Item 6. Exhibits 38
SIGNATURES
SIGNATURES 40 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 June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net Sales $ 1,947.7 $ 1,859.4 $ 5,912.6 $ 5,045.6 Cost of goods sold 1,370.4 1,357.8 4,183.1 3,715.3 Gross Profit 577.3 501.6 1,729.5 1,330.3 Selling, general and administrative expenses 324.5 300.9 988.7 768.9 Amortization of intangible assets 46.4 42.4 138.5 115.4 Other operating expense (income), net 3.2 — ( 0.3 ) 0.1 Operating Profit 203.2 158.3 602.6 445.9 Interest expense, net 78.8 72.7 236.9 202.4 Gain on extinguishment of debt, net ( 1.8 ) ( 6.4 ) ( 4.6 ) ( 21.2 ) (Income) expense on swaps, net ( 3.1 ) ( 17.1 ) 4.7 ( 20.4 ) Other income, net ( 2.3 ) ( 16.0 ) ( 8.6 ) ( 32.9 ) Earnings before Income Taxes and Equity Method Loss 131.6 125.1 374.2 318.0 Income tax expense 31.7 26.8 88.8 70.4 Equity method loss, net of tax — — 0.1 0.2 Net Earnings Including Noncontrolling Interests 99.9 98.3 285.3 247.4 Less: Net earnings attributable to noncontrolling interests 0.1 8.7 0.2 11.8 Net Earnings $ 99.8 $ 89.6 $ 285.1 $ 235.6 Earnings per Common Share: Basic $ 1.66 $ 1.49 $ 4.72 $ 4.13 Diluted $ 1.53 $ 1.38 $ 4.36 $ 3.82 Weighted-Average Common Shares Outstanding: Basic 60.0 61.6 60.4 59.7 Diluted 67.0 68.5 67.3 66.7 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 June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net Earnings Including Noncontrolling Interests $ 99.9 $ 98.3 $ 285.3 $ 247.4 Pension and other postretirement benefits adjustments: Unrealized pension and other postretirement benefit obligations — — ( 8.3 ) — Reclassifications to net earnings ( 0.2 ) ( 1.2 ) ( 0.8 ) ( 3.5 ) Foreign currency t