Fri, May 9, 2:25 PM (6 days ago)
**Post Holdings, Inc. (POST) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $1,952.1 million (down 2% YoY) and $3,926.8 million (down 1% YoY) for the three and six months ended March 31, 2025, respectively. - **Gross Profit:** $545.8 million (down 6% YoY) and $1,141.1 million (down 1% YoY) for the three and six months ended March 31, 2025, respectively. - **Operating Profit:** $182.2 million (down 4% YoY) and $396.3 million (down 1% YoY) for the three and six months ended March 31, 2025, respectively. - **Net Earnings:** $62.6 million (down 36% YoY) and $175.9 million (down 5% YoY) for the three and six months ended March 31, 2025, respectively. **Profit Margins:** - **Gross Margin:** 28.0% (down from 29.0% YoY) and 29.0% (down from 29.1% YoY) for the three and six months ended March 31, 2025, respectively. - **Operating Margin:** 9.3% (down from 9.5% YoY) and 10.1% (down from 10.1% YoY) for the three and six months ended March 31, 2025, respectively. - **Net Margin:** 3.2% (down from 4.9% YoY) and 4.5% (down from 4.7% YoY) for the three and six months ended March 31, 2025, respectively. **Cash Flow:** - **Operating Cash Flow:** $471.1 million (up 11% YoY) for the six months ended March 31, 2025. - **Investing Cash Flow:** -$342.2 million (up 21% YoY) for the six months ended March 31, 2025. - **Financing Cash Flow:** -$292.7 million (down 24% YoY) for the six months ended March 31, 2025. **Earnings Changes:** - **EPS (Basic):** $1.11 (down 30% YoY) and $3.07 (down 0.3% YoY) for the three and six months ended March 31, 2025, respectively. - **EPS (Diluted):** $1.03 (down 30% YoY) and $2.83 (down 0.3% YoY) for the three and six months ended March 31, 2025, respectively. **Segment Performance:** - **Post Consumer Brands:** Revenue down 7% YoY for Q1, driven by lower cereal and pet food sales. Segment profit margin stable at 14%. - **Weetabix:** Revenue down 5% YoY for Q1, due to lower volumes and unfavorable currency exchange. Segment profit margin stable at 14%. - **Foodservice:** Revenue up 10% YoY for Q1, driven by higher egg product sales. Segment profit margin down to 10% from 12% YoY. - **Refrigerated Retail:** Revenue down 7% YoY for Q1, due to lower side dish and cheese sales. Segment profit margin down to 7% from 9% YoY. **Trends and Uncertainties:** - **Inflationary Pressures:** Continued inflationary pressures on input costs across all segments. - **HPAI Impact:** Volatility in egg supply due to outbreaks of highly pathogenic avian influenza (HPAI). - **Consumer Preferences:** Shifting consumer preferences from branded to private label or other value products. **Future Operations Impact:** - **Acquisitions:** Completed acquisition of Potato Products of Idaho, L.L.C. (PPI) in Q1 2025. - **Restructuring:** Plans to close cereal manufacturing facilities in Sparks, Nevada, and Cobourg, Ontario, expected to be completed in Q1 2026. - **Debt Management:** Issued $600.0 million of 6.250% senior notes and redeemed $464.9 million of 5.625% senior notes in the six months ended March 31, 2025.