Post Holdings (NYSE:POST) reported Q3 EPS of $0.69, $0.09 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.36 billion.
Outlook:
For fiscal year 2022, Post management has raised its guidance range for Adjusted EBITDA to $930-$945 million from $910-$940 million. Post management expects fiscal year 2022 capital expenditures to range between $240-$275 million. This includes approximately $40 million for the purchase of land and construction of a new facility with the intent to manufacture RTD shakes for BellRing.
Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for gain on investment in BellRing, income/expense on swaps, net, equity method investment adjustment, mark-to-market adjustments on commodity and foreign exchange hedges and warrant liabilities and equity securities, gain/loss on assets held for sale, gain/loss on sale of business, transaction and integration costs and other charges reflected in Post’s reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant. For additional information regarding Post’s non-GAAP measures, see the related explanations presented under “Use of Non-GAAP Measures.”