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ST. LOUIS, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it will hold a conference call on Friday, February 2, 2024 at 9:00 a.m. ET to discuss financial results for the first quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions. Robert V. Vitale, President and Chief Executive Officer, Jeff A. Zadoks, Executive Vice President and Chief Operating Officer, and Matthew J. Mainer, Senior Vice President, Chief Financial Officer and Treasurer, will participate in the call.
Post Holdings' (POST) strategic pricing and focus on acquisitions keep it well-positioned in the face of cost inflation.
POST has continued to deleverage and buy back shares in recent months. Post Holdings' latest acquisition of a private-label pet food business is a favorable move, as the US private-label pet food market has good growth potential. I maintain my Buy rating for POST in view of positive corporate developments.
Post Holdings faced sluggish demand in 2023 but is seeing improving margins and has an active M&A strategy. The company has done over $1 billion in asset portfolio management in the past three years, increasing its pet exposure. Despite a large debt load, Post Holdings has an attractive 8% forward free cash flow yield and is poised to continue expanding margins and generate strong cash flow.
Post Holdings (POST) will shut down the Post Consumer Brands cereal production unit in Lancaster by September-end.
Post Holdings (POST) gains from its focus on acquisitions and efficient pricing, which aids the company amid high SG&A costs and supply-chain hurdles.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Post Holdings' (POST) fourth-quarter fiscal 2023 results reflect increased earnings and sales from gains in Post Consumer Brands and Weetabix units.
Post Holdings, Inc. (NYSE:POST ) Q4 2023 Earnings Conference Call November 17, 2023 9:00 AM ET Company Participants Daniel O'Rourke - Investor Relations Robert Vitale - President and Chief Executive Officer Jeff Zadoks - Chief Operating Officer and Interim Chief Executive Officer Matt Mainer - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Andrew Lazar - Barclays Kenneth Goldman - JPMorgan David Palmer - Evercore ISI Matthew Smith - Stifel Michael Lavery - Piper Sandler Jason English - Goldman Sachs Operator Good day and thank you for standing by, welcome to the Post Holdings Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Post Holdings (POST) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.