Post Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 01, 2024
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Post Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 1,999 million compared to USD 1,619.9 million a year ago. Net income was USD 97.2 million compared to USD 54.1 million a year ago. Basic earnings per share from continuing operations was USD 1.6 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.48 compared to USD 0.92 a year ago.
For the six months, sales was USD 3,964.9 million compared to USD 3,186.2 million a year ago. Net income was USD 185.3 million compared to USD 146 million a year ago. Basic earnings per share from continuing operations was USD 3.06 compared to USD 2.64 a year ago. Diluted earnings per share from continuing operations was USD 2.83 compared to USD 2.44 a year ago.
Post Holdings, Inc. is a consumer-packaged goods holding company. The Company operates through four segments: Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail. Post Consumer Brands segment includes North American ready-to-eat (RTE) cereal and Peter Pan nut butter. Weetabix segment includes primarily the United Kingdom (the U.K.) RTE cereal, muesli and protein-based ready-to-drink shakes. The Foodservice segment sells primarily egg and potato products. The Refrigerated Retail segment primarily sells side dishes, egg, cheese and sausage products. The Company also operates a pet food business, which includes the brands, such as Rachael Ray, Nutrish, Natureâs Recipe, 9Lives, Kibbles ân Bits and Gravy Train. This business also includes private-label pet food assets and manufacturing and distribution facilities. The Company also includes two manufacturing and warehousing facilities in Visalia, California.