St. Louis / MO. (pfh) Post Holdings Inc., a leading manufacturer, marketer and distributor of branded ready to eat cereals, provided certain preliminary unaudited selected financial data for the third fiscal quarter of fiscal 2013, and updated its previously issued Adjusted Ebitda guidance for fiscal 2013.
Preliminary Unaudited Selected Financial Data for Q3 of Fiscal 2013
The preliminary financial data discussed below consist of estimates derived from Post´s internal books and records and have been prepared by, and are the responsibility of, Post´s management. The preliminary estimates discussed below are subject to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time the financial results for the third quarter are finalized. Therefore, actual results may differ materially from these estimates. In addition, preliminary results for the third quarter are not necessarily indicative of operating results for any future quarter or results for the full year. The following are preliminary estimates for the fiscal quarter ended June 30, 2013:
A range for the preliminary unaudited estimates of net sales and Adjusted Ebitda are provided because the financial closing procedures for the third quarter of 2013 are not yet complete. The above estimates include approximately one month of financial results from the Company´s acquisition on May 28, 2013, of the cereal, granola and snacks business of Hearthside Food Solutions. The Hearthside business contributed approximately eight million USD of net sales and two million USD of Adjusted Ebitda in June 2013. All of these preliminary estimates are subject to change. The final reported results may not be within the ranges currently estimated, and the difference may be material.
Updated Fiscal 2013 Adjusted Ebitda Guidance
Including the partial year expected results of the Hearthside business and Attune Foods (acquired in December 2012), which we expect to collectively contribute approximately six million USD of Adjusted Ebitda to our full year results, Post management now expects fiscal 2013 Adjusted Ebitda to be between 214 million USD and 220 million USD. Prospective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions of the information described above will not materialize or will vary significantly from actual results.