Post Holdings: Reports First Quarter 2022 Results

St. Louis / MO. (pfh) Post Holdings Inc. , a consumer packaged goods holding company, reported results for the first fiscal quarter ended December 31, 2021. Highlights:

  • First quarter net sales of USD 1.6 billion
  • Operating profit of USD 128.7 million; net loss of USD 20.8 million and Adjusted Ebitda of USD 263.1 million
  • Reaffirmed fiscal year 2022 Adjusted Ebitda (non-GAAP) guidance of USD 1.16-USD 1.20 billion

First Quarter Consolidated Operating Results

Net sales were USD 1,643.7 million, an increase of 12.7 percent, or USD 185.7 million, compared to USD 1,458.0 million in the prior year period, and included USD 97.8 million in net sales from acquisitions made in fiscal year 2021. More information on these acquisitions is discussed later in this release. Gross profit was USD 424.0 million, or 25.8 percent of net sales, a decrease of 6.9 percent, or USD 31.4 million, compared to USD 455.4 million, or 31.2 percent of net sales, in the prior year period. Results for the first quarter of 2022 reflect the ongoing volume demand recovery of the Foodservice segment and pricing actions across the business, which were more than offset by raw material and freight inflation and higher manufacturing costs. Labor shortages and supply chain disruptions continued to drive manufacturing inefficiencies during the first quarter of 2022, resulting in missed sales, declines in throughput and higher per unit product costs. For additional information please read the Company’s PDF file below (100 KB):