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Post Holdings Q3 Results

08/09/2021

On August 5th Post Holdings Inc (POST) released results for the third quarter of fiscal 2021 ending June 30th.  Post Holdings operates Michael Foods with subsidiary Willamette Farms. The company acquired Henningsen Foods in July 2020 and Almark Foods in February 2021.  In May, Post Holdings purchased the Egg Beaters™ brand from Conagra Brands. Egg products are marketed either by the Refrigerated Retail or the Food Service segments of the holding company.

 

For the quarter, Post Holdings had a net loss of $54.3 million on revenue of $1,599 million with an EPS of $(0.95).  Corresponding values for Q3 of 2020 were net profit of $36 million on revenue of $1,336 million with an EPS of $0.52.

 

The Refrigerated Retail segment marketing a broad range of egg, cheese, dairy products and side dishes, generated sales of $220.8 million with a segment profit of $14.3 million.  The Food Service segment attained sales of $435 million with a segment profit of $27.9 million.  It is estimated from the information provided that the combined sales of Almark hard-cooked peeled egg products and the Egg Beaters™ brand attained $40 million. 

 

Post Holdings has a market capitalization of $6,856 million and carries $7.614 million in long- term debt with total assets of $12,562 million.  POST has traded over the past 52-weeks in a range of $81.38 to $117.73 with a 50-day moving average of $106.07.  POST closed at $99.39 on Thursday, August 5th prior to release with a close on Friday, August 6th of $107.85.  On a twelve-month trailing basis, operating margin was 12.0 percent and profit margin 5.0 percent.  The return on assets attained to 10.0 percent and 10.8 percent on equity.