Post Holdings Inc (POST)

Post Holdings Announces Executive TransitionMay 7, 2026 4:15 PM
PR Newswire (US) ST. LOUIS, May 7, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced that Robert Vitale, Post's Chairman and CEO, will become Executive Chairman on October 1, 2026, and Nicolas Catoggio, Post's Executive Vice President and Chief Operating Officer, will transition to President and CEO of Post. During his tenure at Post, Vitale oversaw the expansion of the company into multiple new categories, into international markets and led over 50 unique capital markets and M&A transactions. As Executive Chairman, Vitale will provide strategic guidance on capital allocation and advise Nicolas in his new role as CEO. "Nico is an exceptional leader," Vitale said. "Over the past several years, he has driven strong performance at Post Consumer Brands, led integration of acquisitions, and earned the trust of our teams across the organization. He has the right judgement and experience to lead the company as we continue to execute our strategy to create long-term value for our shareholders."Nicolas was named Post's COO in January 2026. Previously, Nicolas led Post Consumer Brands as President and CEO since September 2021. Prior to joining Post, Nicolas served as Managing Director and Senior Partner in Boston Consulting Group's Consumer Goods practice. At BCG, Nicolas advised Post for many years on M&A diligence, integrations and portfolio realignment, and was involved in numerous M&A transactions in the broader food and beverage industry."I am honored to take on this role and want to thank Rob for his leadership and partnership and the board for its confidence in me," Nicolas said. "I'm eager to build on our momentum as we continue to strengthen our businesses and pursue opportunities that enhance shareholder value."About Post Holdings, Inc.Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Michael Foods, Bob Evans Farms and Weetabix. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal and granola, pet food and nut butter categories. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. For more information, visit www.postholdings.com.Contact:
Media Relations
Tara Gray
tara.gray @oatmeal1Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000  View original content to download multimedia:https://www.prnewswire.com/news-releases/post-holdings-announces-executive-transition-302765887.htmlSOURCE Post Holdings, Inc. Original: Post Holdings Announces Executive Transition

Post Holdings Reports Results for the Second Quarter of Fiscal Year 2026; Affirms Fiscal Year 2026 OutlookMay 7, 2026 4:15 PM
PR Newswire (US) ST. LOUIS, May 7, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the second fiscal quarter ended March 31, 2026. Highlights:Second quarter net sales of $2.0 billion Operating profit of $211.9 million; net earnings of $81.9 million and Adjusted EBITDA (non-GAAP)* of $395.0 millionAffirmed fiscal year 2026 Adjusted EBITDA (non-GAAP)* outlook of $1,550-$1,580 million*For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings, Adjusted diluted earnings per common share and segment Adjusted EBITDA, see the related explanations presented under "Use of Non-GAAP Measures" later in this release. Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including the adjustments described under "Outlook" below.Basis of PresentationOn July 1, 2025, Post completed its acquisition of 8th Avenue Food & Provisions, Inc. ("8th Avenue"), the results of which are included in the Post Consumer Brands segment. On December 1, 2025, Post completed its sale of the pasta business of 8th Avenue; its operating results prior to the sale were reported in the Post Consumer Brands segment.On March 3, 2025, Post completed its acquisition of Potato Products of Idaho, L.L.C. ("PPI"), the results of which are included in the Refrigerated Retail and Foodservice segments.Second Quarter Consolidated Operating ResultsNet sales were $2,042.9 million, an increase of 4.7%, or $90.8 million, compared to $1,952.1 million in the prior year period and included $152.3 million in net sales from acquisitions in the current year period. Excluding the benefit from acquisitions in the current year period, net sales declines in Post Consumer Brands (driven by pet food distribution losses and the lapping of customer inventory shifts) were partially offset by growth in Foodservice (primarily driven by volume growth in eggs and protein-based shakes), Refrigerated Retail (driven by new product introductions and the shifting of Easter demand into the quarter) and Weetabix (driven by favorable foreign currency exchange rates). Gross profit was $617.6 million, or 30.2% of net sales, an increase of 13.2%, or $71.8 million, compared to $545.8 million, or 28.0% of net sales, in the prior year period.Selling, general and administrative ("SG&A") expenses were $326.2 million, or 16.0% of net sales, an increase of 3.6%, or $11.4 million, compared to $314.8 million, or 16.1% of net sales, in the prior year period. Operating profit was $211.9 million, an increase of 16.3%, or $29.7 million, compared to $182.2 million in the prior year period. Operating profit in the second quarter of fiscal year 2026 included a loss on amounts held for sale of $28.3 million related to Crystal Farms Dairy Company, which was treated as an adjustment for non-GAAP measures.Net earnings were $81.9 million, an increase of 30.8%, or $19.3 million, compared to $62.6 million in the prior year period.Diluted earnings per common share were $1.56, compared to $1.03 in the prior year period. Adjusted net earnings (non-GAAP)* were $104.7 million, compared to $88.7 million in the prior year period. Adjusted diluted earnings per common share (non-GAAP)* were $1.94, compared to $1.41 in the prior year period.Adjusted EBITDA was $395.0 million, an increase of 14.0%, or $48.5 million, compared to $346.5 million in the prior year period.Six Month Consolidated Operating ResultsNet sales were $4,217.5 million, an increase of $290.7 million, compared to $3,926.8 million in the prior year period. Gross profit was $1,256.1 million, or 29.8% of net sales, an increase of 10.1%, or $115.0 million, compared to $1,141.1 million, or 29.1% of net sales, in the prior year period.SG&A expenses were $683.5 million, or 16.2% of net sales, an increase of 5.7%, or $37.1 million, compared to $646.4 million, or 16.5% of net sales, in the prior year period. Operating profit was $450.3 million, an increase of 13.6%, or $54.0 million, compared to $396.3 million in the prior year period.Net earnings were $178.7 million, an increase of 1.6%, or $2.8 million, compared to $175.9 million in the prior year period. Net earnings included the following:
Six Months Ended March 31,(in millions)2026
2025Loss on extinguishment of debt, net (1)$            17.5
$             5.8Income on swaps, net (1)(3.6)
(9.9)(1) Discussed later in this release and were treated as adjustments for non-GAAP measures. Diluted earnings per common share were $3.28, compared to $2.83 in the prior year period. Adjusted net earnings were $228.5 million, compared to $200.7 million in the prior year period. Adjusted diluted earnings per common share were $4.07, compared to $3.13 in the prior year period.Adjusted EBITDA was $813.2 million, an increase of 13.5%, or $96.8 million, compared to $716.4 million in the prior year period.Post Consumer BrandsPrimarily North American ready-to-eat ("RTE") cereal and granola, pet food and nut butters. For the second quarter, net sales were $1,044.9 million, an increase of 5.8%, or $57.0 million, compared to the prior year period. Net sales included $145.0 million in the second quarter attributable to 8th Avenue. Excluding the benefit of 8th Avenue in the current year period, volumes decreased 10.0% as pet food volumes declined 14.1% and cereal and granola volumes declined 3.5%. Pet food volume losses were primarily driven by distribution losses and the lapping of customer inventory shifts in the prior year. Cereal and granola volume losses were primarily driven by category declines. Segment profit was $134.1 million, a decrease of 3.9%, or $5.5 million, compared to the prior year period. Segment Adjusted EBITDA (non-GAAP)* was $200.2 million, a decrease of 1.8%, or $3.6 million, compared to the prior year period.For the six months ended March 31, 2026, net sales were $2,148.7 million, an increase of 10.1%, or $196.9 million, compared to the prior year period. Segment profit was $266.3 million, a decrease of 1.6%, or $4.3 million, compared to the prior year period. Segment Adjusted EBITDA was $403.5 million, a decrease of 1.2%, or $5.1 million, compared to the prior year period.FoodservicePrimarily egg and potato products. For the second quarter, net sales were $627.4 million, an increase of 3.2%, or $19.5 million, compared to the prior year period. Net sales included $6.5 million in the second quarter attributable to PPI. Excluding the benefit of PPI in the current year period, volumes increased 6.7%, driven by improved customer service levels and improved production in protein-based shakes. Segment profit was $109.8 million, an increase of 78.5%, or $48.3 million, compared to the prior year period. Segment Adjusted EBITDA was $142.0 million, an increase of 47.9%, or $46.0 million, compared to the prior year period.For the six months ended March 31, 2026, net sales were $1,296.5 million, an increase of 5.9%, or $72.0 million, compared to the prior year period. Segment profit was $227.3 million, an increase of 54.0%, or $79.7 million, compared to the prior year period. Segment Adjusted EBITDA was $294.4 million, an increase of 38.3%, or $81.6 million, compared to the prior year period.Refrigerated RetailPrimarily side dish, egg, cheese and sausage products. For the second quarter, net sales were $235.3 million, an increase of 4.8%, or $10.7 million, compared to the prior year period. Volumes increased 5.6%, primarily due to an increase in side dish products driven by the introduction of private label offerings and the shifting of Easter demand into the quarter. Volume information by product is disclosed in a table presented later in this release. Segment profit was $22.1 million, an increase of 36.4%, or $5.9 million, compared to the prior year period. Segment Adjusted EBITDA was $40.8 million, an increase of 17.6%, or $6.1 million, compared to the prior year period.For the six months ended March 31, 2026, net sales were $501.9 million, an increase of 2.2%, or $10.7 million, compared to the prior year period. Segment profit was $52.5 million, an increase of 30.0%, or $12.1 million, compared to the prior year period. Segment Adjusted EBITDA was $90.9 million, an increase of 19.1%, or $14.6 million, compared to the prior year period.WeetabixPrimarily United Kingdom RTE cereal, muesli and protein-based shakes. For the second quarter, net sales were $136.1 million, an increase of 3.3%, or $4.4 million, compared to the prior year period. Net sales reflected a foreign currency exchange rate tailwind of approximately 680 basis points. Volumes decreased 2.6%, primarily driven by product discontinuations and declines in private label products, partially offset by growth in protein-based shakes. Segment profit was $20.8 million, an increase of 14.3%, or $2.6 million, compared to the prior year period. Segment Adjusted EBITDA was $32.3 million, an increase of 6.6%, or $2.0 million, compared to the prior year period.For the six months ended March 31, 2026, net sales were $274.0 million, an increase of 5.7%, or $14.7 million, compared to the prior year period. Segment profit was $42.5 million, an increase of 24.6%, or $8.4 million, compared to the prior year period. Segment Adjusted EBITDA was $65.4 million, an increase of 12.2%, or $7.1 million, compared to the prior year period.Interest, Loss on Extinguishment of Debt, (Income) Expense on Swaps and Income TaxInterest expense, net was $105.7 million and $209.1 million in the three and six months ended March 31, 2026, respectively, compared to $87.0 million and $171.1 million in the three and six months ended March 31, 2025, respectively. The increase in interest expense, net in the current year periods was driven by higher average outstanding principal amounts of debt, a higher weighted-average interest rate and lower interest income compared to the prior year periods.There was no gain or loss on extinguishment of debt in the second quarter of fiscal year 2026 or 2025. Loss on extinguishment of debt, net of $17.5 million was recorded in the six months ended March 31, 2026 in connection with Post's redemption of its 5.50% senior notes due December 2029. Loss on extinguishment of debt, net of $5.8 million was recorded in the six months ended March 31, 2025 in connection with Post's redemption of its 5.625% senior notes due January 2028.(Income) expense on swaps, net relates to mark-to-market adjustments and settlements on interest rate swaps. Income on swaps, net was $1.7 million in the second quarter of fiscal year 2026 compared to an expense of $5.5 million in the prior year period. Income on swaps, net was $3.6 million in the six months ended March 31, 2026 compared to $9.9 million in the prior year period.Income tax expense was $28.1 million in the second quarter of fiscal year 2026, an effective income tax rate of 25.6%, compared to $20.0 million in the second quarter of fiscal year 2025, an effective income tax rate of 24.3%. Income tax expense was $55.4 million in the six months ended March 31, 2026, an effective income tax rate of 23.7%, compared to $52.1 million in the prior year period, an effective income tax rate of 22.9%.Share Repurchases and New Share Repurchase AuthorizationDuring the second quarter of fiscal year 2026, Post repurchased 3.3 million shares of its common stock for $331.0 million at an average price of $99.85 per share. During the six months ended March 31, 2026, Post repurchased 7.0 million shares for $709.9 million at an average price of $100.76. Subsequent to the end of the second quarter of fiscal year 2026 through May 5, 2026, Post repurchased 1.1 million shares for $111.9 million at an average price of $101.84 per share. On May 5, 2026, Post's Board of Directors approved a new $600 million share repurchase authorization. Shares repurchased under the new authorization may begin on May 9, 2026. As of May 5, 2026, Post had $236.6 million remaining under its existing $500 million share repurchase authorization, which became effective on February 7, 2026 and will be cancelled effective May 8, 2026.Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular number of shares, and repurchases may be suspended or terminated at any time at Post's discretion.OutlookPost management affirmed its guidance range for fiscal year 2026 Adjusted EBITDA of $1,550-$1,580 million.Post management expects fiscal year 2026 capital expenditures to range between $350-$390 million, which includes continued Foodservice investment in cage-free egg facility expansion and the completion of the Norwalk, Iowa precooked egg facility expansion for aggregate expenditures of $80-$90 million.Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for income/expense on swaps, net, integration and transaction costs, mark-to-market adjustments on equity security investments, mark-to-market adjustments on commodity and foreign exchange hedges, gain/loss on extinguishment of debt, net, equity method investment adjustment and other items reflected in Post's reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant. For additional information regarding Post's non-GAAP measures, see the related explanations presented under "Use of Non-GAAP Measures."Use of Non-GAAP Measures Post uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These non-GAAP measures include Adjusted net earnings/loss, Adjusted diluted earnings/loss per common share, Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales, segment Adjusted EBITDA as a percentage of Net Sales, free cash flow, net leverage as calculated under Post's credit agreement and consolidated interest coverage ratio as calculated under Post's credit agreement. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided later in this release under "Explanation and Reconciliation of Non-GAAP Measures."Management uses certain of these non-GAAP measures, including Adjusted EBITDA and segment Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Management believes the use of these non-GAAP measures provides increased transparency and assists investors in understanding the underlying operating performance of Post and its segments and in the analysis of ongoing operating trends. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described later in this release. These non-GAAP measures may not be comparable to similarly titled measures of other companies. For additional information regarding Post's non-GAAP measures, see the related explanations provided under "Explanation and Reconciliation of Non-GAAP Measures."Conference Call to Discuss Earnings Results and OutlookShortly following this release, Post will publish prepared remarks related to this release in the Investors section of its website (www.postholdings.com) under the Investor Events & Presentations and the Quarterly Results sections. Post will host a conference call on Friday, May 8, 2026 at 9:00 a.m. ET to respond to questions. Robert V. Vitale, Chairman, President and Chief Executive Officer, Nicolas Catoggio, Chief Operating Officer, and Matthew J. Mainer, Chief Financial Officer and Treasurer, will participate in the call.Interested parties may join the conference call by dialing (800) 579-2543 in the United States and (785) 424-1789 from outside of the United States. The conference identification number is POSTQ226. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investors section of Post's website.A replay of the conference call will be available through Friday, May 15, 2026 by dialing (800) 839-4906 in the United States and (402) 220-2684 from outside of the United States. A webcast replay also will be available for a limited period on Post's website in the Investors section.Prospective Financial InformationProspective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. For further discussion of some of the factors that may cause actual results to vary materially from the prospective financial information provided in this release, see "Forward-Looking Statements" below. Accordingly, the prospective financial information provided in this release is only an estimate of what Post's management believes is realizable as of the date of this release. It also should be recognized that the reliability of any forecasted financial data diminishes the further in the future that the data is forecasted. In light of the foregoing, the information should be viewed in context and undue reliance should not be placed upon it.Forward-Looking Statements Certain matters discussed in this release, in the prepared remarks published on Post's website and on Post's conference call are forward-looking statements, including Post's Adjusted EBITDA outlook for fiscal year 2026 and Post's capital expenditure outlook for fiscal year 2026. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions, and include all statements regarding future performance, earnings projections, events or developments. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include, but are not limited to, the following:volatility in the cost or availability of inputs to Post's businesses (including raw materials, energy and other supplies and freight);disruptions or inefficiencies in Post's supply chain, tariffs, inflation, highly pathogenic avian influenza and other agricultural diseases and pests, labor shortages, public health crises, weather events and fires and other events beyond Post's control;changes in economic conditions, financial instability, disruptions in capital and credit markets, changes in interest rates and fluctuations in foreign currency exchange rates;Post's and its customers' ability to compete in their respective product categories, including the success of pricing, advertising and promotional programs, declines in demand for Post's products and the ability to anticipate and respond to changes in consumer and customer preferences and behaviors;Post's ability to hire and retain talented personnel, increases in labor-related costs, employee safety, labor strikes, work stoppages, unionization efforts and other labor disruptions;Post's high leverage, its ability to obtain additional financing and service its outstanding debt (including covenants restricting the operation of its businesses) and a potential downgrade in Post's credit ratings;Post's ability to successfully implement business strategies to reduce costs or optimize its network;allegations that Post's products cause injury or illness, product recalls and withdrawals, product liability claims and other related litigation;the success of new product introductions;compliance with new, existing and changing laws and regulations;Post's reliance on third parties and others for the manufacture of many of its products;costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents, information security breaches or enterprise resource planning system implementations;the impact of litigation;Post's ability to identify, complete and integrate or otherwise effectively execute acquisitions, including the pet food assets and operations acquired in April 2023 and December 2023 and 8th Avenue, or other strategic transactions;the loss of, a significant reduction of purchases by or the bankruptcy of a major customer;differences in Post's actual operating results from any of its guidance regarding its future performance;impairment in the carrying value of goodwill, other intangibles or long-lived assets or changes in critical accounting estimates;risks associated with Post's international businesses;business disruption or other losses resulting from changes in governmental administrations or regulatory priorities, political instability, terrorism, war or armed hostilities or geopolitical tensions;risks related to the intended tax treatment of Post's divestitures of its interest in BellRing Brands, Inc.;Post's ability to protect its intellectual property and other assets and to license third-party intellectual property;costs associated with the obligations of Bob Evans Farms, Inc. ("Bob Evans") in connection with the 2017 sale of its restaurants business, including certain indemnification obligations and Bob Evans's payment and performance obligations as a guarantor for certain leases;losses or increased funding and expenses related to Post's qualified pension or other postretirement plans;conflicting interests or the appearance of conflicting interests resulting from any of Post's directors or officers also serving as directors or officers of other companies; andother risks and uncertainties described in Post's filings with the Securities and Exchange Commission.These forward-looking statements represent Post's judgment as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements.About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Michael Foods, Bob Evans Farms and Weetabix. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal and granola, pet food and nut butter categories. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. For more information, visit www.postholdings.com.Contact:Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000Media Relations
Tara Gray
tara.gray @oatmeal1CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(in millions, except per share data)

Three Months Ended
March 31,
Six Months Ended March 31,
2026
2025
2026
2025Net Sales$ 2,042.9
$ 1,952.1
$ 4,217.5
$ 3,926.8Cost of goods sold1,425.3
1,406.3
2,961.4
2,785.7Gross Profit617.6
545.8
1,256.1
1,141.1Selling, general and administrative expenses326.2
314.8
683.5
646.4Amortization of intangible assets51.0
49.1
102.7
98.2Other operating expense (income), net28.5
(0.3)
19.6
0.2Operating Profit211.9
182.2
450.3
396.3Interest expense, net105.7
87.0
209.1
171.1Loss on extinguishment of debt, net—
—
17.5
5.8(Income) expense on swaps, net(1.7)
5.5
(3.6)
(9.9)Other (income) expense, net(2.0)
7.3
(6.6)
1.5Earnings before Income Taxes and Equity Method Earnings109.9
82.4
233.9
227.8Income tax expense28.1
20.0
55.4
52.1Equity method earnings, net of tax(0.2)
(0.2)
(0.5)
(0.3)Net Earnings Including Noncontrolling Interest82.0
62.6
179.0
176.0Less: Net earnings attributable to noncontrolling interest0.1
—
0.3
0.1Net Earnings$      81.9
$      62.6
$    178.7
$    175.9







Earnings per Common Share:






Basic$      1.71
$      1.11
$      3.59
$      3.07Diluted$      1.56
$      1.03
$      3.28
$      2.83Weighted-Average Common Shares Outstanding:






Basic47.9
56.4
49.8
57.3Diluted54.1
63.1
56.1
64.1 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(in millions)  

March 31, 2026
September 30, 2025



ASSETSCurrent Assets


Cash and cash equivalents$                269.4
$                176.7Restricted cash2.0
6.1Receivables, net728.8
735.4Inventories911.6
875.0Current assets held for sale21.1
116.3Prepaid expenses and other current assets118.9
115.4Total Current Assets2,051.8
2,024.9



Property, net2,652.1
2,698.7Goodwill4,829.0
4,844.7Other intangible assets, net2,837.4
3,014.6Other assets held for sale60.3
424.8Other assets546.6
520.7Total Assets$           12,977.2
$           13,528.4



LIABILITIES AND SHAREHOLDERS' EQUITYCurrent Liabilities


Current portion of long-term debt$                    1.3
$                    1.2Accounts payable618.3
624.0Current liabilities held for sale10.0
55.5Other current liabilities477.3
532.4Total Current Liabilities1,106.9
1,213.1



Long-term debt7,629.1
7,421.7Deferred income taxes657.0
638.5Other liabilities held for sale11.7
119.7Other liabilities367.3
371.6Total Liabilities9,772.0
9,764.6



Shareholders' Equity


Common stock0.9
0.9Additional paid-in capital5,376.9
5,370.7Retained earnings2,297.6
2,118.9Accumulated other comprehensive (loss) income(18.5)
8.7Treasury stock, at cost(4,462.6)
(3,746.1)Total Shareholders' Equity Excluding Noncontrolling Interest3,194.3
3,753.1Noncontrolling interest10.9
10.7Total Shareholders' Equity3,205.2
3,763.8Total Liabilities and Shareholders' Equity$           12,977.2
$           13,528.4 SELECTED CONDENSED CONSOLIDATED CASH FLOWSINFORMATION (Unaudited)(in millions)

Six Months Ended March 31,
2026
2025Cash provided by (used in):


Operating activities$   478.0
$   471.1Investing activities, including capital expenditures of $207.7 and $229.5172.7
(342.2)Financing activities(561.6)
(292.7)Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.5)
(1.8)Net increase (decrease) in cash, cash equivalents and restricted cash$     88.6
$  (165.6) SEGMENT INFORMATION (Unaudited)(in millions)



Three Months Ended
March 31,
Six Months Ended March 31,

2026
2025
2026
2025Net Sales







Post Consumer Brands$ 1,044.9
$   987.9
$ 2,148.7
$ 1,951.8
Foodservice627.4
607.9
1,296.5
1,224.5
Refrigerated Retail235.3
224.6
501.9
491.2
Weetabix136.1
131.7
274.0
259.3
Corporate and eliminations(0.8)
—
(3.6)
—
Total$ 2,042.9
$ 1,952.1
$ 4,217.5
$ 3,926.8Segment Profit







Post Consumer Brands$    134.1
$    139.6
$    266.3
$    270.6
Foodservice109.8
61.5
227.3
147.6
Refrigerated Retail22.1
16.2
52.5
40.4
Weetabix20.8
18.2
42.5
34.1SUPPLEMENTAL REFRIGERATED RETAIL SEGMENT INFORMATION (Unaudited)The below table presents volume percentage changes for the current quarter compared to the prior year quarter for products within the Refrigerated Retail segment.Product
Volume Percentage ChangeAll
5.6 %Side dishes
12.4 %Egg
2.0 %Cheese
1.0 %Sausage
1.1 %EXPLANATION AND RECONCILIATION OF NON-GAAP MEASURESPost uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with U.S. GAAP. These non-GAAP measures include Adjusted net earnings/loss, Adjusted diluted earnings/loss per common share, Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales, segment Adjusted EBITDA as a percentage of Net Sales, free cash flow, net leverage as calculated under Post's credit agreement and consolidated interest coverage ratio as calculated under Post's credit agreement. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided in the tables following this section. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described below. These non-GAAP measures may not be comparable to similarly titled measures of other companies.Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share
Post believes Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share are useful to investors in evaluating Post's operating performance because they exclude items that affect the comparability of Post's financial results and could potentially distort an understanding of the trends in business performance.Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share are adjusted for the following items:a.Loss on amounts held for sale: Post has excluded losses recorded to adjust the carrying value of businesses, facilities and other assets and liabilities classified as held for sale as the amount and frequency of such adjustments are not consistent. Additionally, Post believes that these losses do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.b.Restructuring and facility closure costs, including accelerated depreciation: Post has excluded certain costs associated with facility closures as the amount and frequency of such adjustments are not consistent. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.c.Mark-to-market adjustments on commodity and foreign exchange hedges: Post has excluded the impact of mark-to-market adjustments on commodity and foreign exchange hedges due to the inherent uncertainty and volatility associated with such amounts based on changes in assumptions with respect to fair value estimates. Additionally, these adjustments are primarily non-cash items, and the amount and frequency of such adjustments are not consistent.d.Debt premiums paid/discounts received, net: Post has excluded payments and other expenses for premiums on debt extinguishment, net of gains realized on debt repurchased at a discount, as such payments are inconsistent in amount and frequency. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.e.Integration costs and transaction costs: Post has excluded transaction costs related to professional service fees and other related costs associated with signed and closed business combinations and divestitures and integration costs incurred to integrate acquired or to-be-acquired businesses or assets as Post believes that these exclusions allow for more meaningful evaluation of Post's current operating performance and comparisons of Post's operating performance to other periods. Post believes such costs are generally not relevant to assessing or estimating the long-term performance of acquired businesses or assets as part of Post or the performance of the divested businesses or assets, and such costs are not factored into management's evaluation of potential acquisitions or Post's performance after completion of an acquisition or the evaluation to divest a business or asset. In addition, the frequency and amount of such charges varies significantly based on the size and timing of the transaction and the maturity of any businesses being acquired or divested. Also, the size, complexity and/or volume of past transactions, which often drive the magnitude of such expenses, may not be indicative of the size, complexity and/or volume of future transactions. By excluding these expenses, management is better able to evaluate Post's ability to utilize its existing assets and estimate the long-term value that acquired businesses or assets will generate for Post.f.Mark-to-market adjustments on equity security investments: Post has excluded the impact of mark-to-market adjustments on equity security investments due to the inherent volatility associated with such amounts based on changes in market pricing variations and as the amount and frequency of such adjustments are not consistent. Additionally, these adjustments are primarily non-cash items and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.g.Income/expense on swaps, net: Post has excluded the impact of mark-to-market adjustments and cash settlements on interest rate swaps due to the inherent uncertainty and volatility associated with such amounts based on changes in assumptions with respect to estimates of fair value and economic conditions and as the amount and frequency of such adjustments are not consistent.h.Gain/loss on sale of business: Post has excluded gains and losses recorded on divestitures as the amount and frequency of such adjustments are not consistent. Additionally, Post believes that these gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.i.Asset disposal costs: Post has excluded costs recorded in connection with the disposal of certain assets which were never put into use and/or the demolition and site remediation of unused facilities as the amount and frequency of these costs are not consistent. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.j.Costs expected to be indemnified, net: Post has excluded certain costs incurred and expected to be indemnified in connection with damaged assets and gains related to indemnification proceeds received above the carrying value of damaged assets as Post believes such gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.k.Provision for legal settlements: Post has excluded gains and losses recorded to recognize the anticipated or actual resolution of certain litigation as Post believes such gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.l.Advisory income: Post has excluded advisory income received from 8th Avenue prior to Post's acquisition of 8th Avenue as Post believes such income did not contribute to a meaningful evaluation of Post's operating performance or comparisons of Post's operating performance to other periods.m.Income tax effect on adjustments: Post has included the income tax impact of the non-GAAP adjustments using a rate described in the applicable footnote of the reconciliation tables to be consistent with the treatment of these adjustments in the calculation of the non-GAAP measure.Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales and segment Adjusted EBITDA as a percentage of Net Sales
Post believes that Adjusted EBITDA is useful to investors in evaluating Post's operating performance and liquidity because (i) Post believes it is widely used to measure a company's operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, (ii) it presents a measure of corporate performance exclusive of Post's capital structure and the method by which the assets were acquired and (iii) it is a financial indicator of a company's ability to service its debt, as Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Post believes that segment Adjusted EBITDA is useful to investors in evaluating Post's operating performance because it allows for assessment of the operating performance of each reportable segment. Management uses Adjusted EBITDA to provide forward-looking guidance and uses Adjusted EBITDA and segment Adjusted EBITDA to forecast future results. Post believes that Adjusted EBITDA as a percentage of Net Sales and segment Adjusted EBITDA as a percentage of Net Sales are measures useful to investors in evaluating Post's operating performance because they allow for meaningful comparison of operating performance across periods.Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for interest expense, net, income tax expense/benefit, and depreciation and amortization, and the following adjustments discussed above: loss on amounts held for sale, restructuring and facility closure costs, mark-to-market adjustments on commodity and foreign exchange hedges, integration costs and transaction costs, mark-to-market adjustments on equity security investments, income/expense on swaps, net, gain/loss on sale of business, asset disposal costs, costs expected to be indemnified, net, provision for legal settlements and advisory income. Additionally, Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for the following items:n.Stock-based compensation: Post's compensation strategy includes the use of stock-based compensation to attract and retain executives and employees by aligning their long-term compensation interests with shareholders' investment interests. Post has excluded stock-based compensation as stock-based compensation can vary significantly based on reasons such as the timing, size and nature of the awards granted and subjective assumptions which are unrelated to operational decisions and performance in any particular period and does not contribute to meaningful comparisons of Post's operating performances to other periods.o.Gain/loss on extinguishment of debt, net: Post has excluded gains and losses recorded on extinguishment of debt, inclusive of payments for premiums and tender fees and the write-off of debt issuance costs, net of gains realized on the write-off of unamortized debt premiums and debt repurchased at a discount, as such gains and losses are inconsistent in amount and frequency. Additionally, Post believes that these gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.p.Equity method investment adjustment: Post has included adjustments for its portion of income tax expense/benefit, interest expense, net and depreciation and amortization for Weetabix's unconsolidated investment accounted for using equity method accounting as Post believes these adjustments contribute to a more meaningful evaluation of Post's current operating performance.q.Noncontrolling interest adjustment: Post has included adjustments for income tax expense/benefit, interest expense, net and depreciation and amortization for Weetabix's consolidated investment which is attributable to the noncontrolling owners of Weetabix's consolidated investment as Post believes these adjustments contribute to a more meaningful evaluation of Post's current operating performance.Free cash flow
Free cash flow is a non-GAAP measure which represents net cash provided by operating activities less capital expenditures. Post believes free cash flow is useful to investors in evaluating Post's ability to service debt and repurchase shares of its common stock.Net leverage as calculated under Post's credit agreement
Net leverage as calculated under Post's credit agreement is a non-GAAP measure which represents principal debt less cash and cash equivalents divided by Adjusted EBITDA for the last twelve months adjusted for certain items as provided in Post's credit agreement. Post believes this measure is useful to investors in determining Post's debt levels and ability to service debt. Adjusted EBITDA for the last twelve months reflects the adjustments for Adjusted EBITDA and segment Adjusted EBITDA discussed within the Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales and segment Adjusted EBITDA as a percentage of Net Sales section above, as well as adjustments for the following items (which were relevant for the year ended September 30, 2025):r.Impairment of goodwill: Post has excluded expenses for impairment of the Cheese and Dairy reporting unit as such non-cash amounts are inconsistent in amount and frequency and Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.s.Inventory revaluation adjustment on acquired businesses: Post has excluded the impact of fair value step-up adjustments to inventory in connection with business combinations as such adjustments represent non-cash items, are not consistent in amount and frequency and are significantly impacted by the timing and size of Post's acquisitions.Consolidated interest coverage ratio as calculated under Post's credit agreement
Consolidated interest coverage ratio as calculated under Post's credit agreement is a non-GAAP measure which represents Adjusted EBITDA for the last twelve months adjusted for certain items as provided in Post's credit agreement (which reflects the adjustments for Adjusted EBITDA discussed under the Net leverage as calculated under Post's credit agreement section above) divided by interest expense, net for the last twelve months. Post believes this measure is useful to investors in determining Post's ability to service debt.RECONCILIATION OF NET EARNINGS TO ADJUSTED NET EARNINGS (Unaudited)(in millions)


Three Months Ended
March 31,
Six Months Ended March 31,

2026
2025
2026
2025Net Earnings$     81.9
$     62.6
$   178.7
$   175.9







Adjustments:







Loss on amounts held for sale28.3
—
28.3
—
Restructuring and facility closure costs, including accelerated
depreciation13.4
11.0
36.4
14.6
Mark-to-market adjustments on commodity and foreign exchange
hedges(17.6)
2.3
(17.4)
(4.4)
Debt premiums paid—
—
22.6
4.4
Integration costs3.3
5.1
7.6
20.7
Mark-to-market adjustments on equity security investments0.5
9.9
(1.7)
6.6
(Income) expense on swaps, net(1.7)
5.5
(3.6)
(9.9)
Gain on sale of business—
—
(9.7)
—
Asset disposal costs3.6
0.2
5.2
0.4
Transaction costs1.9
0.4
2.4
1.0
Costs expected to be indemnified, net(1.4)
—
(1.0)
—
Provision for legal settlements—
0.1
0.1
0.1
Advisory income—
(0.1)
—
(0.3)
Total Net Adjustments30.3
34.4
69.2
33.2Income tax effect on adjustments (1)(7.5)
(8.3)
(19.4)
(8.4)Adjusted Net Earnings$   104.7
$     88.7
$   228.5
$   200.7








(1) Income tax effect on adjustments was calculated on all items, except income/expense on swaps, net and gain/loss on sale of business, using a rate of 24.5%, the sum of Post's U.S. federal corporate income tax rate plus Post's blended state income tax rate, net of federal income tax benefit. Income tax effect for income/expense on swaps, net was calculated using a rate of 21.5%. Income tax effect for gain/loss on sale of business was calculated using a rate of 0.0%. RECONCILIATION OF DILUTED EARNINGS PER COMMON SHARETO ADJUSTED DILUTED EARNINGS PER COMMON SHARE (Unaudited)


Three Months Ended
March 31,
Six Months Ended March 31,

2026
2025
2026
2025Diluted Earnings per Common Share$     1.56
$     1.03
$     3.28
$     2.83Adjustment to Diluted Earnings per Common Share for impact of
interest expense, net of tax, related to convertible senior notes (1)(0.05)
(0.04)
(0.10)
(0.08)







Adjustments:







Loss on amounts held for sale0.52
—
0.50
—
Restructuring and facility closure costs, including accelerated
depreciation0.25
0.17
0.65
0.23
Mark-to-market adjustments on commodity and foreign exchange
hedges(0.33)
0.04
(0.31)
(0.07)
Debt premiums paid—
—
0.40
0.07
Integration costs0.06
0.08
0.14
0.32
Mark-to-market adjustments on equity security investments0.01
0.16
(0.03)
0.10
(Income) expense on swaps, net(0.03)
0.09
(0.06)
(0.16)
Gain on sale of business—
—
(0.17)
—
Asset disposal costs0.07
—
0.09
—
Transaction costs0.04
0.01
0.04
0.02
Costs expected to be indemnified, net(0.02)
—
(0.01)
—
Total Net Adjustments0.57
0.55
1.24
0.51Income tax effect on adjustments (2)(0.14)
(0.13)
(0.35)
(0.13)Adjusted Diluted Earnings per Common Share$     1.94
$     1.41
$     4.07
$     3.13








(1) Represents the exclusion of interest expense, net of tax, associated with Post's convertible senior notes, which was treated as an adjustment to income available to common shareholders for diluted earnings per common share. Post believes this exclusion allows for more meaningful comparison of performance to other periods. (2) Income tax effect on adjustments was calculated on all items, except income/expense on swaps, net and gain/loss on sale of business, using a rate of 24.5%, the sum of Post's U.S. federal corporate income tax rate plus Post's blended state income tax rate, net of federal income tax benefit. Income tax effect for income/expense on swaps, net was calculated using a rate of 21.5%. Income tax effect for gain/loss on sale of business was calculated using a rate of 0.0%. RECONCILIATION OF NET EARNINGS TO ADJUSTED EBITDA (Unaudited)($ in millions)

Three Months Ended
March 31,
Six Months Ended March 31,
2026
2025
2026
2025Net Earnings$   81.9
$   62.6
$ 178.7
$ 175.9Interest expense, net105.7
87.0
209.1
171.1Income tax expense28.1
20.0
55.4
52.1Depreciation and amortization138.2
125.6
290.7
245.9Stock-based compensation19.5
20.3
41.9
40.1Loss on amounts held for sale28.3
—
28.3
—Loss on extinguishment of debt, net—
—
17.5
5.8Restructuring and facility closure costs, excluding accelerated
depreciation4.7
7.6
9.7
11.2Mark-to-market adjustments on commodity and foreign exchange
hedges(17.6)
2.3
(17.4)
(4.4)Integration costs3.3
5.1
7.6
20.7Mark-to-market adjustments on equity security investments0.5
9.9
(1.7)
6.6(Income) expense on swaps, net(1.7)
5.5
(3.6)
(9.9)Gain on sale of business—
—
(9.7)
—Asset disposal costs3.6
0.2
5.2
0.4Transaction costs1.9
0.4
2.4
1.0Costs expected to be indemnified, net(1.4)
—
(1.0)
—Provision for legal settlements—
0.1
0.1
0.1Advisory income—
(0.1)
—
(0.3)Equity method investment adjustment0.1
0.1
0.2
0.2Noncontrolling interest adjustment(0.1)
(0.1)
(0.2)
(0.1)Adjusted EBITDA$ 395.0
$ 346.5
$ 813.2
$ 716.4Net Earnings as a percentage of Net Sales4.0 %
3.2 %
4.2 %
4.5 %Adjusted EBITDA as a percentage of Net Sales19.3 %
17.8 %
19.3 %
18.2 % RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)THREE MONTHS ENDED MARCH 31, 2026($ in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$  134.1
$  109.8
$    22.1
$    20.8
$        —General corporate expenses and other—
—
—
—
(72.9)Other income, net—
—
—
—
(2.0)Operating Profit134.1
109.8
22.1
20.8
(74.9)Other income, net—
—
—
—
2.0Depreciation and amortization63.1
35.5
18.4
11.5
9.7Stock-based compensation—
—
—
—
19.5Loss on amounts held for sale—
—
—
—
28.3Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
4.7Mark-to-market adjustments on commodity and foreign
exchange hedges—
(1.9)
—
(0.1)
(15.6)Integration costs3.0
—
0.3
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
0.5Asset disposal costs—
—
—
—
3.6Transaction costs—
—
—
—
1.9Costs expected to be indemnified, net—
(1.4)
—
—
—Equity method investment adjustment—
—
—
0.3
—Noncontrolling interest adjustment—
—
—
(0.2)
—Adjusted EBITDA$  200.2
$  142.0
$    40.8
$    32.3
$     (20.3)Segment Profit as a percentage of Net Sales12.8 %
17.5 %
9.4 %
15.3 %
—Adjusted EBITDA as a percentage of Net Sales19.2 %
22.6 %
17.3 %
23.7 %
— RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)THREE MONTHS ENDED MARCH 31, 2025($ in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$  139.6
$    61.5
$    16.2
$    18.2
$        —General corporate expenses and other—
—
—
—
(60.6)Other expense, net—
—
—
—
7.3Operating Profit139.6
61.5
16.2
18.2
(53.3)Other expense, net—
—
—
—
(7.3)Depreciation and amortization59.4
32.1
18.1
11.8
4.2Stock-based compensation—
—
—
—
20.3Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
7.6Mark-to-market adjustments on commodity and foreign
exchange hedges—
2.4
—
0.1
(0.2)Integration costs4.8
—
0.3
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
9.9Asset disposal costs—
—
—
—
0.2Transaction costs—
—
—
—
0.4Provision for legal settlements—
—
0.1
—
—Advisory income—
—
—
—
(0.1)Equity method investment adjustment—
—
—
0.3
—Noncontrolling interest adjustment—
—
—
(0.1)
—Adjusted EBITDA$  203.8
$    96.0
$    34.7
$    30.3
$     (18.3)Segment Profit as a percentage of Net Sales14.1 %
10.1 %
7.2 %
13.8 %
—Adjusted EBITDA as a percentage of Net Sales20.6 %
15.8 %
15.4 %
23.0 %
— RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)SIX MONTHS ENDED MARCH 31, 2026($ in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$  266.3
$  227.3
$    52.5
$    42.5
$        —General corporate expenses and other—
—
—
—
(131.7)Other income, net—
—
—
—
(6.6)Operating Profit266.3
227.3
52.5
42.5
(138.3)Other income, net—
—
—
—
6.6Depreciation and amortization130.2
71.3
37.7
22.8
28.7Stock-based compensation—
—
—
—
41.9Loss on amounts held for sale—
—
—
—
28.3Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
9.7Mark-to-market adjustments on commodity and foreign
exchange hedges—
(3.2)
—
(0.1)
(14.1)Integration costs6.9
—
0.7
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
(1.7)Gain on sale of business—
—
—
—
(9.7)Asset disposal costs—
—
—
—
5.2Transaction costs—
—
—
—
2.4Costs expected to be indemnified, net—
(1.0)
—
—
—Provision for legal settlements0.1
—
—
—
—Equity method investment adjustment—
—
—
0.7
—Noncontrolling interest adjustment—
—
—
(0.5)
—Adjusted EBITDA$  403.5
$  294.4
$    90.9
$    65.4
$     (41.0)Segment Profit as a percentage of Net Sales12.4 %
17.5 %
10.5 %
15.5 %
—Adjusted EBITDA as a percentage of Net Sales18.8 %
22.7 %
18.1 %
23.9 %
— RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)SIX MONTHS ENDED MARCH 31, 2025($ in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$  270.6
$  147.6
$    40.4
$    34.1
$         —General corporate expenses and other—
—
—
—
(97.9)Other expense, net—
—
—
—
1.5Operating Profit270.6
147.6
40.4
34.1
(96.4)Other expense, net—
—
—
—
(1.5)Depreciation and amortization117.6
63.8
35.5
23.8
5.2Stock-based compensation—
—
—
—
40.1Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
11.2Mark-to-market adjustments on commodity and foreign
exchange hedges—
1.4
—
0.1
(5.9)Integration costs20.4
—
0.3
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
6.6Asset disposal costs—
—
—
—
0.4Transaction costs—
—
—
—
1.0Provision for legal settlements—
—
0.1
—
—Advisory income—
—
—
—
(0.3)Equity method investment adjustment—
—
—
0.5
—Noncontrolling interest adjustment—
—
—
(0.2)
—Adjusted EBITDA$  408.6
$  212.8
$    76.3
$    58.3
$     (39.6)Segment Profit as a percentage of Net Sales13.9 %
12.1 %
8.2 %
13.2 %
—Adjusted EBITDA as a percentage of Net Sales20.9 %
17.4 %
15.5 %
22.5 %
— RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (Unaudited)(in millions)

Six Months Ended March 31,
2026
2025Net cash provided by operating activities$   478.0
$   471.1Less: Capital expenditures207.7
229.5Free Cash Flow$   270.3
$   241.6 RECONCILIATION OF NET EARNINGS TO NET LEVERAGEAND CONSOLIDATED INTEREST COVERAGE RATIO (Unaudited)($ in millions)

Year EndedSeptember 30,
Six Months Ended March 31,
Twelve MonthsEnded March 31,
2025
2026
2025
2026Net Earnings$            335.7
$   178.7
$   175.9
$            338.5Interest expense, net361.4
209.1
171.1
399.4Income tax expense108.7
55.4
52.1
112.0Depreciation and amortization524.3
290.7
245.9
569.1Stock-based compensation81.6
41.9
40.1
83.4Loss on amounts held for sale—
28.3
—
28.3Loss on extinguishment of debt, net5.8
17.5
5.8
17.5Restructuring and facility closure costs, excluding accelerated
depreciation23.4
9.7
11.2
21.9Mark-to-market adjustments on commodity and foreign
exchange hedges(5.0)
(17.4)
(4.4)
(18.0)Integration costs38.7
7.6
20.7
25.6Mark-to-market adjustments on equity security investments6.6
(1.7)
6.6
(1.7)Income on swaps, net(6.9)
(3.6)
(9.9)
(0.6)Gain on sale of business—
(9.7)
—
(9.7)Asset disposal costs6.3
5.2
0.4
11.1Transaction costs6.2
2.4
1.0
7.6Costs expected to be indemnified, net—
(1.0)
—
(1.0)Provision for legal settlements0.7
0.1
0.1
0.7Advisory income(0.5)
—
(0.3)
(0.2)Equity method investment adjustment0.4
0.2
0.2
0.4Noncontrolling interest adjustment(0.4)
(0.2)
(0.1)
(0.5)Impairment of goodwill29.8
—
—
29.8Inventory revaluation adjustment on acquired businesses22.0
—
—
22.0Adjusted EBITDA$          1,538.8
$   813.2
$   716.4
$          1,635.6

March 31, 2026Long-term debt$          7,629.1Plus: Current portion of long-term debt1.3Debt issuance costs, net58.7Less: Unamortized premium, net13.1Total principal debt7,676.0Less: Cash and cash equivalents269.4Net Debt$          7,406.6

Adjusted EBITDA for the twelve months ended March 31, 2026$          1,635.6Credit agreement adjustments to Adjusted EBITDA for the twelve months ended March 31, 202611.3Adjusted EBITDA for the twelve months ended March 31, 2026 as calculated under Post's credit
agreement$          1,646.9Net leverage as calculated under Post's credit agreement4.5x

Adjusted EBITDA for the twelve months ended March 31, 2026 as calculated under Post's credit
agreement$          1,646.9Interest expense, net for the twelve months ended March 31, 2026399.4Consolidated interest coverage ratio as calculated under Post's credit agreement4.1x  View original content to download multimedia:https://www.prnewswire.com/news-releases/post-holdings-reports-results-for-the-second-quarter-of-fiscal-year-2026-affirms-fiscal-year-2026-outlook-302766094.htmlSOURCE Post Holdings, Inc. Original: Post Holdings Reports Results for the Second Quarter of Fiscal Year 2026; Affirms Fiscal Year 2026 Outlook

Post Holdings Schedules Second Quarter Fiscal Year 2026 Conference CallApril 16, 2026 5:00 PM
PR Newswire (US)

ST. LOUIS, April 16, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it will hold a conference call on Friday, May 8, 2026 at 9:00 a.m. ET to discuss financial results for the second quarter of fiscal year 2026 and fiscal year 2026 outlook and to respond to questions. Robert V. Vitale, Chairman, President and Chief Executive Officer, Nicolas Catoggio, Chief Operating Officer, and Matthew J. Mainer, Chief Financial Officer and Treasurer, will participate in the call.







Post also announced it plans to release its financial results for the second quarter and management prepared remarks after market close on Thursday, May 7, 2026.Interested parties may join the conference call by dialing (800) 579-2543 in the United States and (785) 424-1789 from outside of the United States. The conference identification number is POSTQ226. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investors section of Post's website at www.postholdings.com. A replay of the conference call will be available through Friday, May 15, 2026 by dialing (800) 839-4906 in the United States and (402) 220-2684 from outside of the United States. A webcast replay also will be available for a limited period on Post's website in the Investors section.About Post Holdings, Inc.Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal and granola, pet food and nut butter categories. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. For more information, visit www.postholdings.com. Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000



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Original: Post Holdings Schedules Second Quarter Fiscal Year 2026 Conference Call

Post Holdings Announces Pricing of Senior Notes OfferingMarch 4, 2026 4:15 PM
PR Newswire (US)

ST. LOUIS, March 4, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE: POST) (the "Company" or "Post") today announced the pricing of its previously announced senior notes offering of the Company's 6.250% senior notes due 2034 (the "Notes") at 100.75% of the principal amount, plus accrued interest from October 15, 2025, for a yield to worst of 6.109%. In addition, the size of the Notes offering was increased from $500.0 million to $600.0 million in aggregate principal amount of the Notes. The Notes offering is expected to close on March 13, 2026, subject to customary closing conditions.







The Notes were offered as additional notes under an existing indenture pursuant to which the Company previously issued $600.0 million in aggregate principal amount of the Company's 6.250% senior notes due 2034 (the "Existing Notes"). The Notes to be issued in this offering will vote together with, and will constitute part of the same series as, the Existing Notes. The Notes will be senior unsecured obligations of the Company and will be guaranteed by the Company's existing and subsequently acquired or organized domestic subsidiaries (other than immaterial subsidiaries, certain excluded subsidiaries and subsidiaries the Company designates as unrestricted subsidiaries).The Company intends to use the net proceeds from the Notes offering to pay the costs, fees and expenses associated with the Notes offering, to fund the repayment of the outstanding balance of its revolving credit facility as of December 31, 2025 and, to the extent there are any remaining net proceeds, for general corporate purposes, which could include, among other things, retirement or repayment of existing debt, share repurchases, acquisitions, capital expenditures and working capital.The Notes and the related subsidiary guarantees are being offered (1) in the United States to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and (2) to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.This press release is not an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.Cautionary Statement on Forward-Looking LanguageForward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, are made throughout this press release, including statements regarding the completion of the offering, timing and the expected amount and intended use of the net proceeds of the offering. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may," "would" or the negative of these terms or similar expressions elsewhere in this press release. All forward-looking statements are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, unanticipated developments that prevent, delay or negatively impact the offering and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's cautionary statements contained in its filings with the Securities and Exchange Commission. The Company may not consummate the offering as described in this press release and, if the offering is consummated, cannot provide any assurance regarding  its ability to effectively apply the net proceeds as described above. These forward-looking statements represent the Company's judgment as of the date of this press release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. There can be no assurance that the offering will be completed as anticipated or at all.About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories.Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000



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Original: Post Holdings Announces Pricing of Senior Notes Offering

Post Holdings Announces Commencement of Senior Notes OfferingMarch 4, 2026 7:22 AM
PR Newswire (US)

ST. LOUIS, March 2, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $500.0 million in aggregate principal amount of the Company's 6.250% senior notes due 2034 (the "Notes").







The Notes are being offered as additional notes under an existing indenture pursuant to which the Company previously issued $600.0 million in aggregate principal amount of the Company's 6.250% senior notes due 2034 (the "Existing Notes"). The Notes to be issued in this offering will vote together with, and will constitute part of the same series as, the Existing Notes. The Notes will be unsecured, senior obligations of the Company and will be guaranteed by the Company's existing and subsequently acquired or organized domestic subsidiaries (other than immaterial subsidiaries, certain excluded subsidiaries and subsidiaries the Company designates as unrestricted subsidiaries).The Company intends to use the net proceeds from the Notes offering to pay the costs, fees and expenses associated with the Notes offering, to fund the repayment of the outstanding balance of its revolving credit facility as of December 31, 2025 and, to the extent there are any remaining net proceeds, for general corporate purposes, which could include, among other things, retirement or repayment of existing debt, share repurchases, acquisitions, capital expenditures and working capital. The final amounts of the Notes are subject to market and other conditions, and may be materially different than expectations.The Notes and the related subsidiary guarantees are being offered (1) in the United States to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and (2) to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.This press release is not an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.Cautionary Statement on Forward-Looking LanguageForward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, are made throughout this press release, including statements regarding the completion, timing and size of the offering and the intended use of the net proceeds of the offering. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may," "would" or the negative of these terms or similar expressions elsewhere in this press release. All forward-looking statements are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, unanticipated developments that prevent, delay or negatively impact the offering and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's cautionary statements contained in its filings with the Securities and Exchange Commission. The Company may not consummate the offering as described in this press release and, if the offering is consummated, cannot provide any assurance regarding the final terms of the offering or its ability to effectively apply the net proceeds as described above. These forward-looking statements represent the Company's judgment as of the date of this press release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. There can be no assurance that the proposed offering will be completed as anticipated or at all.About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories.Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000 



View original content to download multimedia:https://www.prnewswire.com/news-releases/post-holdings-announces-commencement-of-senior-notes-offering-302703836.htmlSOURCE Post Holdings, Inc.

Original: Post Holdings Announces Commencement of Senior Notes Offering

Post Holdings $POST — Uses Bioengineered corn + GMO soy in cereals/snacks.

Post Holdings Reports Results for the First Quarter of Fiscal Year 2026; Raises Fiscal Year 2026 OutlookFebruary 5, 2026 5:00 PM
PR Newswire (US)

ST. LOUIS, Feb. 5, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the first fiscal quarter ended December 31, 2025.







Highlights:First quarter net sales of $2.2 billion Operating profit of $238.4 million; net earnings of $96.8 million and Adjusted EBITDA (non-GAAP)* of $418.2 millionRaised fiscal year 2026 Adjusted EBITDA (non-GAAP)* outlook to $1,550-$1,580 million*For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings, Adjusted diluted earnings per common share and segment Adjusted EBITDA, see the related explanations presented under "Use of Non-GAAP Measures" later in this release. Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including the adjustments described under "Outlook" below.Basis of PresentationOn July 1, 2025, Post completed its acquisition of 8th Avenue Food & Provisions, Inc. ("8th Avenue"), the results of which are included in the Post Consumer Brands segment. On December 1, 2025, Post completed its sale of the pasta business of 8th Avenue; its operating results prior to the sale were reported in the Post Consumer Brands segment.On March 3, 2025, Post completed its acquisition of Potato Products of Idaho, L.L.C. ("PPI"), the results of which are included in the Refrigerated Retail and Foodservice segments.First Quarter Consolidated Operating ResultsNet sales were $2,174.6 million, an increase of 10.1%, or $199.9 million, compared to $1,974.7 million in the prior year period and included $224.6 million in net sales from acquisitions in the current year period. Excluding the benefit from acquisitions in the current year period, net sales growth in Foodservice (primarily driven by volume growth in eggs and protein-based shakes) and Weetabix (primarily driven by favorable foreign currency exchange rates and volume growth) was offset by declines in Post Consumer Brands (driven by pet food distribution losses, cereal category declines and lower relative and absolute promotional spend in cereal). Refrigerated Retail sales were flat as increased pricing was offset by declines in volumes. Gross profit was $638.5 million, or 29.4% of net sales, an increase of 7.3%, or $43.2 million, compared to $595.3 million, or 30.1% of net sales, in the prior year period.Selling, general and administrative ("SG&A") expenses were $357.3 million, or 16.4% of net sales, an increase of 7.8%, or $25.7 million, compared to $331.6 million, or 16.8% of net sales, in the prior year period. SG&A expenses in the first quarter of fiscal years 2026 and 2025 included $4.3 million and $15.6 million, respectively, of integration costs, which were primarily related to acquisitions and were treated as adjustments for non-GAAP measures. Operating profit was $238.4 million, an increase of 11.3%, or $24.3 million, compared to $214.1 million in the prior year period.Net earnings were $96.8 million, a decrease of 14.6%, or $16.5 million, compared to $113.3 million in the prior year period. Net earnings included the following:
Three Months Ended December 31,(in millions)2025
2024Loss on extinguishment of debt, net (1)$                  17.5
$                    5.8Income on swaps, net (1)(1.9)
(15.4)(1) Discussed later in this release and were treated as adjustments for non-GAAP measures. Diluted earnings per common share were $1.71, compared to $1.78 in the prior year period. Adjusted net earnings (non-GAAP)* were $123.7 million, compared to $111.9 million in the prior year period. Adjusted diluted earnings per common share (non-GAAP)* were $2.13, compared to $1.73 in the prior year period.Adjusted EBITDA was $418.2 million, an increase of 13.1%, or $48.3 million, compared to $369.9 million in the prior year period.Post Consumer BrandsPrimarily North American ready-to-eat ("RTE") cereal and granola, pet food and nut butters. For the first quarter, net sales were $1,103.8 million, an increase of 14.5%, or $139.9 million, compared to the prior year period. Net sales included $217.2 million in the first quarter attributable to 8th Avenue. Excluding the benefit of 8th Avenue in the current year period, volumes decreased 6.1%. Pet food volumes decreased 6.2%, primarily driven by distribution losses and reductions in co-manufactured and private label products. Cereal and granola volumes decreased 5.1%, primarily driven by category declines and lower relative and absolute promotional spend. Segment profit was $132.2 million, an increase of 0.9%, or $1.2 million, compared to the prior year period. Segment Adjusted EBITDA (non-GAAP)* was $203.3 million, a decrease of 0.7%, or $1.5 million, compared to the prior year period.FoodservicePrimarily egg and potato products. For the first quarter, net sales were $669.1 million, an increase of 8.5%, or $52.5 million, compared to the prior year period. Net sales included $6.6 million in the first quarter attributable to PPI. Excluding the benefit of PPI in the current year period, volumes increased 7.7%, driven by improved customer service levels versus the prior year period and improved production in protein-based shakes. Segment profit was $117.5 million, an increase of 36.5%, or $31.4 million, compared to the prior year period. Segment Adjusted EBITDA was $152.4 million, an increase of 30.5%, or $35.6 million, compared to the prior year period.Refrigerated RetailPrimarily side dish, egg, cheese and sausage products. For the first quarter, net sales were $266.6 million, flat compared to the prior year period. Volumes decreased 0.2%, primarily due to declines in egg and sausage products, partially offset by an increase in side dish products driven by the introduction of private label offerings. Volume information by product is disclosed in a table presented later in this release. Segment profit was $30.4 million, an increase of 25.6%, or $6.2 million, compared to the prior year period. Segment Adjusted EBITDA was $50.1 million, an increase of 20.4%, or $8.5 million, compared to the prior year period.WeetabixPrimarily United Kingdom RTE cereal, muesli and protein-based shakes. For the first quarter, net sales were $137.9 million, an increase of 8.1%, or $10.3 million, compared to the prior year period. Net sales reflected a foreign currency exchange rate tailwind of approximately 400 basis points. Volumes increased 2.4%, primarily driven by growth in protein-based shakes and branded products. Segment profit was $21.7 million, an increase of 36.5%, or $5.8 million, compared to the prior year period. Segment Adjusted EBITDA was $33.1 million, an increase of 18.2%, or $5.1 million, compared to the prior year period.Interest, Loss on Extinguishment of Debt, Income on Swaps and Income TaxInterest expense, net was $103.4 million in the first quarter of fiscal year 2026 compared to $84.1 million in the first quarter of fiscal year 2025. The increase in interest expense, net in the first quarter of fiscal year 2026 was driven by lower interest income, higher average outstanding principal amounts of debt and a higher weighted-average interest rate compared to the prior year period.Loss on extinguishment of debt, net of $17.5 million was recorded in the first quarter of fiscal year 2026 in connection with Post's redemption of its 5.50% senior notes due December 2029. Loss on extinguishment of debt, net of $5.8 million was recorded in the first quarter of fiscal year 2025 in connection with Post's redemption of its 5.625% senior notes due January 2028.Income on swaps, net relates to mark-to-market adjustments and settlements on interest rate swaps. Income on swaps, net was $1.9 million in the first quarter of fiscal year 2026 compared to $15.4 million in the prior year period.Income tax expense was $27.3 million in the first quarter of fiscal year 2026, an effective income tax rate of 22.0%, compared to $32.1 million in the first quarter of fiscal year 2025, an effective income tax rate of 22.1%.Share Repurchases and New Share Repurchase AuthorizationDuring the first quarter of fiscal year 2026, Post repurchased 3.7 million shares of its common stock for $378.9 million at an average price of $101.57 per share. Subsequent to the end of the first quarter of fiscal year 2026 through February 4, 2026, Post repurchased 1.8 million shares for $175.4 million at an average price of $99.19 per share. On February 3, 2026, Post's Board of Directors approved a new $500 million share repurchase authorization. Shares repurchased under the new authorization may begin on February 7, 2026. As of February 4, 2026, Post had $122.1 million remaining under its existing $500 million share repurchase authorization, which became effective on November 27, 2025 and will be cancelled effective February 6, 2026.Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular number of shares, and repurchases may be suspended or terminated at any time at Post's discretion.OutlookPost management raised its guidance range for fiscal year 2026 Adjusted EBITDA to $1,550-$1,580 million from $1,500-$1,540 million.Post management expects fiscal year 2026 capital expenditures to range between $350-$390 million, which includes continued Foodservice investment in cage-free egg facility expansion and the completion of the Norwalk, Iowa precooked egg facility expansion, for aggregate expenditures of $80-$90 million.Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for income/expense on swaps, net, integration and transaction costs, mark-to-market adjustments on equity security investments, mark-to-market adjustments on commodity and foreign exchange hedges, gain/loss on extinguishment of debt, net, equity method investment adjustment and other charges reflected in Post's reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant. In addition, Post provides the forecasted Adjusted EBITDA contribution from the 8th Avenue acquisition, excluding the pasta business, only on a non-GAAP basis and does not provide a reconciliation of this forward-looking non-GAAP guidance to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. For additional information regarding Post's non-GAAP measures, see the related explanations presented under "Use of Non-GAAP Measures."Use of Non-GAAP Measures Post uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These non-GAAP measures include Adjusted net earnings/loss, Adjusted diluted earnings/loss per common share, Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales, segment Adjusted EBITDA as a percentage of Net Sales, the forecasted Adjusted EBITDA contribution from the 8th Avenue acquisition, excluding the pasta business and free cash flow. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided later in this release under "Explanation and Reconciliation of Non-GAAP Measures."Management uses certain of these non-GAAP measures, including Adjusted EBITDA and segment Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Management believes the use of these non-GAAP measures provides increased transparency and assists investors in understanding the underlying operating performance of Post and its segments and in the analysis of ongoing operating trends. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described later in this release. These non-GAAP measures may not be comparable to similarly titled measures of other companies. For additional information regarding Post's non-GAAP measures, see the related explanations provided under "Explanation and Reconciliation of Non-GAAP Measures."Board UpdatePost today announced that Michelle Atkinson and Jeff Zadoks have been appointed to its Board of Directors (the "Board"), effective March 15, 2026. With the addition of Ms. Atkinson and Mr. Zadoks, the Board will consist of nine members. Ms. Atkinson retired from Energizer Holdings, Inc. in December 2025, where she most recently served as Chief Transformation Officer. Mr. Zadoks most recently served as Chief Operating Officer at Post, retiring in January 2026 after 14 years at Post in various executive leadership roles.Conference Call to Discuss Earnings Results and OutlookShortly following this release, Post will publish prepared remarks related to this release in the Investors section of its website (www.postholdings.com) under the Investor Events & Presentations and the Quarterly Results sections. Post will host a conference call on Friday, February 6, 2026 at 9:00 a.m. ET to respond to questions. Robert V. Vitale, Chairman, President and Chief Executive Officer, Nicolas Catoggio, Chief Operating Officer and President and CEO of Post Consumer Brands, and Matthew J. Mainer, Chief Financial Officer and Treasurer, will participate in the call.Interested parties may join the conference call by dialing (800) 445-7795 in the United States and (785) 424-1699 from outside of the United States. The conference identification number is POSTQ126. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investors section of Post's website.A replay of the conference call will be available through Friday, February 13, 2026 by dialing (800) 925-9416 in the United States and (402) 220-5387 from outside of the United States. A webcast replay also will be available for a limited period on Post's website in the Investors section.Prospective Financial InformationProspective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. For further discussion of some of the factors that may cause actual results to vary materially from the prospective financial information provided in this release, see "Forward-Looking Statements" below. Accordingly, the prospective financial information provided in this release is only an estimate of what Post's management believes is realizable as of the date of this release. It also should be recognized that the reliability of any forecasted financial data diminishes the further in the future that the data is forecasted. In light of the foregoing, the information should be viewed in context and undue reliance should not be placed upon it.Forward-Looking Statements Certain matters discussed in this release, in the prepared remarks published on Post's website and on Post's conference call are forward-looking statements, including Post's Adjusted EBITDA outlook for fiscal year 2026, Post's capital expenditure outlook for fiscal year 2026, the forecasted annual Adjusted EBITDA contribution in fiscal year 2026 from the 8th Avenue acquisition, excluding the pasta business, and Post's expectations regarding the synergy run rate related to the 8th Avenue acquisition. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions, and include all statements regarding future performance, earnings projections, events or developments. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include, but are not limited to, the following:volatility in the cost or availability of inputs to Post's businesses (including raw materials, energy and other supplies and freight);disruptions or inefficiencies in Post's supply chain, tariffs, inflation, highly pathogenic avian influenza and other agricultural diseases and pests, labor shortages, public health crises, weather events and fires and other events beyond Post's control;changes in economic conditions, financial instability, disruptions in capital and credit markets, changes in interest rates and fluctuations in foreign currency exchange rates;Post's and its customers' ability to compete in their respective product categories, including the success of pricing, advertising and promotional programs, declines in demand for Post's products and the ability to anticipate and respond to changes in consumer and customer preferences and behaviors;Post's ability to hire and retain talented personnel, increases in labor-related costs, employee safety, labor strikes, work stoppages, unionization efforts and other labor disruptions;Post's high leverage, its ability to obtain additional financing and service its outstanding debt (including covenants restricting the operation of its businesses) and a potential downgrade in Post's credit ratings;Post's ability to successfully implement business strategies to reduce costs or optimize its network;allegations that Post's products cause injury or illness, product recalls and withdrawals, product liability claims and other related litigation;the success of new product introductions;compliance with new, existing and changing laws and regulations;Post's reliance on third parties and others for the manufacture of many of its products;costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents, information security breaches or enterprise resource planning system implementations;the impact of litigation;Post's ability to identify, complete and integrate or otherwise effectively execute acquisitions, including 8th Avenue and the pet food assets and operations acquired in April 2023 and December 2023, or other strategic transactions;the loss of, a significant reduction of purchases by or the bankruptcy of a major customer;differences in Post's actual operating results from any of its guidance regarding its future performance;impairment in the carrying value of goodwill, other intangibles or long-lived assets or changes in critical accounting estimates;risks associated with Post's international businesses;business disruption or other losses resulting from changes in governmental administrations or regulatory priorities, political instability, terrorism, war or armed hostilities or geopolitical tensions;risks related to the intended tax treatment of Post's divestitures of its interest in BellRing Brands, Inc.;Post's ability to protect its intellectual property and other assets and to license third-party intellectual property;costs associated with the obligations of Bob Evans Farms, Inc. ("Bob Evans") in connection with the sale of its restaurants business, including certain indemnification obligations and Bob Evans's payment and performance obligations as a guarantor for certain leases;losses or increased funding and expenses related to Post's qualified pension or other postretirement plans;conflicting interests or the appearance of conflicting interests resulting from any of Post's directors or officers also serving as directors or officers of other companies; andother risks and uncertainties described in Post's filings with the Securities and Exchange Commission.These forward-looking statements represent Post's judgment as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements.About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal and granola, pet food and nut butter categories. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. For more information, visit www.postholdings.com. Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke @rboettch2000Media Relations
Tara Gray
tara.gray @oatmeal1CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(in millions, except per share data)

Three Months Ended
December 31,
2025
2024Net Sales$ 2,174.6
$ 1,974.7Cost of goods sold1,536.1
1,379.4Gross Profit638.5
595.3Selling, general and administrative expenses357.3
331.6Amortization of intangible assets51.7
49.1Other operating (income) expense, net(8.9)
0.5Operating Profit238.4
214.1Interest expense, net103.4
84.1Loss on extinguishment of debt, net17.5
5.8Income on swaps, net(1.9)
(15.4)Other income, net(4.6)
(5.8)Earnings before Income Taxes and Equity Method Earnings124.0
145.4Income tax expense27.3
32.1Equity method earnings, net of tax(0.3)
(0.1)Net Earnings Including Noncontrolling Interest97.0
113.4Less: Net earnings attributable to noncontrolling interest0.2
0.1Net Earnings$       96.8
$     113.3



Earnings per Common Share:


Basic$       1.87
$       1.94Diluted$       1.71
$       1.78Weighted-Average Common Shares Outstanding:


Basic51.7
58.3Diluted58.2
65.2 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(in millions)



December 31, 2025
September 30, 2025





ASSETS
Current Assets



Cash and cash equivalents$                      279.3
$                      176.7
Restricted cash5.4
6.1
Receivables, net680.6
735.4
Inventories908.2
875.0
Current assets held for sale—
116.3
Prepaid expenses and other current assets98.8
115.4
Total Current Assets1,972.3
2,024.9





Property, net2,682.6
2,698.7
Goodwill4,845.8
4,844.7
Other intangible assets, net2,963.3
3,014.6
Other assets held for sale—
424.8
Other assets520.3
520.7
Total Assets$                 12,984.3
$                 13,528.4





LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities



Current portion of long-term debt$                           1.2
$                           1.2
Accounts payable579.2
624.0
Current liabilities held for sale—
55.5
Other current liabilities459.3
532.4
Total Current Liabilities1,039.7
1,213.1





Long-term debt7,457.9
7,421.7
Deferred income taxes660.2
638.5
Other liabilities held for sale—
119.7
Other liabilities358.4
371.6
Total Liabilities9,516.2
9,764.6





Shareholders' Equity



Common stock0.9
0.9
Additional paid-in capital5,356.8
5,370.7
Retained earnings2,215.7
2,118.9
Accumulated other comprehensive income12.1
8.7
Treasury stock, at cost(4,128.3)
(3,746.1)
Total Shareholders' Equity Excluding Noncontrolling Interest3,457.2
3,753.1
Noncontrolling interest10.9
10.7
Total Shareholders' Equity3,468.1
3,763.8
Total Liabilities and Shareholders' Equity$                 12,984.3
$                 13,528.4
 SELECTED CONDENSED CONSOLIDATED CASH FLOWS 
INFORMATION (Unaudited)
(in millions)

Three Months Ended December 31,
2025
2024Cash provided by (used in):


Operating activities$     235.7
$     310.4Investing activities, including capital expenditures of $116.4 and $139.0261.8
(128.3)Financing activities(395.8)
(94.2)Effect of exchange rate changes on cash, cash equivalents and restricted cash0.2
(3.7)Net increase in cash, cash equivalents and restricted cash$     101.9
$       84.2 SEGMENT INFORMATION (Unaudited)
(in millions)



Three Months Ended
December 31,

2025
2024Net Sales



Post Consumer Brands$ 1,103.8
$     963.9
Foodservice669.1
616.6
Refrigerated Retail266.6
266.6
Weetabix137.9
127.6
Corporate and eliminations(2.8)
—
Total$ 2,174.6
$ 1,974.7Segment Profit



Post Consumer Brands$     132.2
$     131.0
Foodservice117.5
86.1
Refrigerated Retail30.4
24.2
Weetabix21.7
15.9 SUPPLEMENTAL REFRIGERATED RETAIL SEGMENT INFORMATION (Unaudited) The below table presents volume percentage changes for the current quarter compared to the prior year quarter for products
within the Refrigerated Retail segment.
Product
Volume Percentage ChangeAll
(0.2 %)Side dishes
2.5 %Egg
(6.7 %)Cheese
(5.7 %)Sausage
(5.0 %)EXPLANATION AND RECONCILIATION OF NON-GAAP MEASURESPost uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with U.S. GAAP. These non-GAAP measures include Adjusted net earnings/loss, Adjusted diluted earnings/loss per common share, Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales, segment Adjusted EBITDA as a percentage of Net Sales and free cash flow. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided in the tables following this section. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described below. These non-GAAP measures may not be comparable to similarly titled measures of other companies.Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share
Post believes Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share are useful to investors in evaluating Post's operating performance because they exclude items that affect the comparability of Post's financial results and could potentially distort an understanding of the trends in business performance.Adjusted net earnings/loss and Adjusted diluted earnings/loss per common share are adjusted for the following items:a. Income/expense on swaps, net: Post has excluded the impact of mark-to-market adjustments and cash settlements on interest rate swaps due to the inherent uncertainty and volatility associated with such amounts based on changes in assumptions with respect to estimates of fair value and economic conditions and as the amount and frequency of such adjustments are not consistent.b. Restructuring and facility closure costs, including accelerated depreciation: Post has excluded certain costs associated with facility closures as the amount and frequency of such adjustments are not consistent. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.c. Debt premiums paid/discounts received, net: Post has excluded payments and other expenses for premiums on debt extinguishment, net of gains realized on debt repurchased at a discount, as such payments are inconsistent in amount and frequency. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.d. Gain/loss on sale of business: Post has excluded gains and losses recorded on divestitures as the amount and frequency of such adjustments are not consistent. Additionally, Post believes that these gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.e. Integration costs and transaction costs: Post has excluded transaction costs related to professional service fees and other related costs associated with signed and closed business combinations and divestitures and integration costs incurred to integrate acquired or to-be-acquired businesses or assets as Post believes that these exclusions allow for more meaningful evaluation of Post's current operating performance and comparisons of Post's operating performance to other periods. Post believes such costs are generally not relevant to assessing or estimating the long-term performance of acquired businesses or assets as part of Post or the performance of the divested businesses or assets, and such costs are not factored into management's evaluation of potential acquisitions or Post's performance after completion of an acquisition or the evaluation to divest a business or asset. In addition, the frequency and amount of such charges varies significantly based on the size and timing of the transaction and the maturity of any businesses being acquired or divested. Also, the size, complexity and/or volume of past transactions, which often drive the magnitude of such expenses, may not be indicative of the size, complexity and/or volume of future transactions. By excluding these expenses, management is better able to evaluate Post's ability to utilize its existing assets and estimate the long-term value that acquired businesses or assets will generate for Post.f. Mark-to-market adjustments on equity security investments: Post has excluded the impact of mark-to-market adjustments on equity security investments due to the inherent volatility associated with such amounts based on changes in market pricing variations and as the amount and frequency of such adjustments are not consistent. Additionally, these adjustments are primarily non-cash items and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.g. Mark-to-market adjustments on commodity and foreign exchange hedges: Post has excluded the impact of mark-to-market adjustments on commodity and foreign exchange hedges due to the inherent uncertainty and volatility associated with such amounts based on changes in assumptions with respect to fair value estimates. Additionally, these adjustments are primarily non-cash items, and the amount and frequency of such adjustments are not consistent.h. Asset disposal costs: Post has excluded costs recorded in connection with the disposal of certain assets which were never put into use and/or the demolition and site remediation of unused facilities as the amount and frequency of these costs are not consistent. Additionally, Post believes that these costs do not reflect expected ongoing future operating expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.i. Costs expected to be indemnified, net: Post has excluded certain costs incurred and expected to be indemnified in connection with damaged assets and gains related to indemnification proceeds received above the carrying value of damaged assets as Post believes such gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.j. Advisory income: Post has excluded advisory income received from 8th Avenue prior to Post's acquisition of 8th Avenue as Post believes such income did not contribute to a meaningful evaluation of Post's operating performance or comparisons of Post's operating performance to other periods.k. Provision for legal settlements: Post has excluded gains and losses recorded to recognize the anticipated or actual resolution of certain litigation as Post believes such gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.l. Income tax effect on adjustments: Post has included the income tax impact of the non-GAAP adjustments using a rate described in the applicable footnote of the reconciliation tables to be consistent with the treatment of these adjustments in the calculation of the non-GAAP measure.Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales and segment Adjusted EBITDA as a percentage of Net Sales
Post believes that Adjusted EBITDA is useful to investors in evaluating Post's operating performance and liquidity because (i) Post believes it is widely used to measure a company's operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, (ii) it presents a measure of corporate performance exclusive of Post's capital structure and the method by which the assets were acquired and (iii) it is a financial indicator of a company's ability to service its debt, as Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Post believes that segment Adjusted EBITDA is useful to investors in evaluating Post's operating performance because it allows for assessment of the operating performance of each reportable segment. Management uses Adjusted EBITDA to provide forward-looking guidance and uses Adjusted EBITDA and segment Adjusted EBITDA to forecast future results. Post believes that Adjusted EBITDA as a percentage of Net Sales and segment Adjusted EBITDA as a percentage of Net Sales are measures useful to investors in evaluating Post's operating performance because they allow for meaningful comparison of operating performance across periods.Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for interest expense, net, income tax expense/benefit, and depreciation and amortization, and the following adjustments discussed above: income/expense on swaps, net, restructuring and facility closure costs, gain/loss on sale of business, integration costs and transaction costs, mark-to-market adjustments on equity security investments, mark-to-market adjustments on commodity and foreign exchange hedges, asset disposal costs, costs expected to be indemnified, net, advisory income and provision for legal settlements. Additionally, Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for the following items:m. Stock-based compensation: Post's compensation strategy includes the use of stock-based compensation to attract and retain executives and employees by aligning their long-term compensation interests with shareholders' investment interests. Post has excluded stock-based compensation as stock-based compensation can vary significantly based on reasons such as the timing, size and nature of the awards granted and subjective assumptions which are unrelated to operational decisions and performance in any particular period and does not contribute to meaningful comparisons of Post's operating performances to other periods.n. Gain/loss on extinguishment of debt, net: Post has excluded gains and losses recorded on extinguishment of debt, inclusive of payments for premiums and tender fees and the write-off of debt issuance costs, net of gains realized on the write-off of unamortized debt premiums and debt repurchased at a discount, as such gains and losses are inconsistent in amount and frequency. Additionally, Post believes that these gains and losses do not reflect expected ongoing future operating income and expenses and do not contribute to a meaningful evaluation of Post's current operating performance or comparisons of Post's operating performance to other periods.o. Equity method investment adjustment: Post has included adjustments for its portion of income tax expense/benefit, interest expense, net and depreciation and amortization for Weetabix's unconsolidated investment accounted for using equity method accounting as Post believes these adjustments contribute to a more meaningful evaluation of Post's current operating performance.p. Noncontrolling interest adjustment: Post has included adjustments for income tax expense/benefit, interest expense, net and depreciation and amortization for Weetabix's consolidated investment which is attributable to the noncontrolling owners of Weetabix's consolidated investment as Post believes these adjustments contribute to a more meaningful evaluation of Post's current operating performance.Free cash flow
Free cash flow is a non-GAAP measure which represents net cash provided by operating activities less capital expenditures. Post believes free cash flow is useful to investors in evaluating Post's ability to service debt and repurchase shares of its common stock.RECONCILIATION OF NET EARNINGS TO ADJUSTED NET EARNINGS (Unaudited)
(in millions)


Three Months Ended
December 31,

2025
2024Net Earnings$       96.8
$     113.3



Adjustments:



Income on swaps, net(1.9)
(15.4)
Restructuring and facility closure costs, including accelerated depreciation23.0
3.6
Debt premiums paid22.6
4.4
Gain on sale of business(9.7)
—
Integration costs4.3
15.6
Mark-to-market adjustments on equity security investments(2.2)
(3.3)
Mark-to-market adjustments on commodity and foreign exchange hedges0.2
(6.7)
Asset disposal costs1.6
0.2
Transaction costs0.5
0.6
Costs expected to be indemnified, net0.4
—
Advisory income—
(0.2)
Provision for legal settlements0.1
—
Total Net Adjustments38.9
(1.2)Income tax effect on adjustments (1)(12.0)
(0.2)Adjusted Net Earnings$     123.7
$     111.9




(1) Income tax effect on adjustments was calculated on all items, except income/expense on swaps, net and gain/loss on sale of
business, using a rate of 24.5%, the sum of Post's U.S. federal corporate income tax rate plus Post's blended state income tax
rate, net of federal income tax benefit. Income tax effect for income/expense on swaps, net was calculated using a rate of 21.5%.
Income tax effect for gain/loss on sale of business was calculated using a rate of 0.0%. RECONCILIATION OF DILUTED EARNINGS PER COMMON SHARE
TO ADJUSTED DILUTED EARNINGS PER COMMON SHARE (Unaudited)


Three Months Ended
December 31,

2025
2024Diluted Earnings per Common Share$        1.71
$        1.78Adjustment to Diluted Earnings per Common Share for impact of interest expense, net of tax, related
to convertible senior notes (1)(0.05)
(0.04)



Adjustments:



Income on swaps, net(0.03)
(0.24)
Restructuring and facility closure costs, including accelerated depreciation0.40
0.06
Debt premiums paid0.39
0.07
Gain on sale of business(0.17)
—
Integration costs0.07
0.24
Mark-to-market adjustments on equity security investments(0.04)
(0.05)
Mark-to-market adjustments on commodity and foreign exchange hedges—
(0.10)
Asset disposal costs0.03
—
Transaction costs0.01
0.01
Costs expected to be indemnified, net0.01
—
Total Net Adjustments0.67
(0.01)Income tax effect on adjustments (2)(0.20)
—Adjusted Diluted Earnings per Common Share$       2.13
$       1.73




(1) Represents the exclusion of interest expense, net of tax, associated with Post's convertible senior notes, which was treated
as an adjustment to income available to common shareholders for diluted earnings per common share. Post believes this
exclusion allows for more meaningful comparison of performance to other periods. (2) Income tax effect on adjustments was calculated on all items, except income/expense on swaps, net and gain/loss on sale of
business, using a rate of 24.5%, the sum of Post's U.S. federal corporate income tax rate plus Post's blended state income tax
rate, net of federal income tax benefit. Income tax effect for income/expense on swaps, net was calculated using a rate of
21.5%. Income tax effect for gain/loss on sale of business was calculated using a rate of 0.0%. RECONCILIATION OF NET EARNINGS TO ADJUSTED EBITDA (Unaudited)
(in millions)

Three Months Ended
December 31,
2025
2024Net Earnings$   96.8
$ 113.3Interest expense, net103.4
84.1Income tax expense27.3
32.1Depreciation and amortization152.5
120.3Stock-based compensation22.4
19.8Loss on extinguishment of debt, net17.5
5.8Income on swaps, net(1.9)
(15.4)Restructuring and facility closure costs, excluding accelerated depreciation5.0
3.6Gain on sale of business(9.7)
—Integration costs4.3
15.6Mark-to-market adjustments on equity security investments(2.2)
(3.3)Mark-to-market adjustments on commodity and foreign exchange hedges0.2
(6.7)Asset disposal costs1.6
0.2Transaction costs0.5
0.6Costs expected to be indemnified, net0.4
—Advisory income—
(0.2)Provision for legal settlements0.1
—Equity method investment adjustment0.1
0.1Noncontrolling interest adjustment(0.1)
—Adjusted EBITDA$ 418.2
$ 369.9Net Earnings as a percentage of Net Sales4.5 %
5.7 %Adjusted EBITDA as a percentage of Net Sales19.2 %
18.7 % RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)
THREE MONTHS ENDED DECEMBER 31, 2025
(in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$   132.2
$   117.5
$      30.4
$      21.7
$             —General corporate expenses and other—
—
—
—
(58.8)Other income, net—
—
—
—
(4.6)Operating Profit132.2
117.5
30.4
21.7
(63.4)Other income, net—
—
—
—
4.6Depreciation and amortization67.1
35.8
19.3
11.3
19.0Stock-based compensation—
—
—
—
22.4Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
5.0Gain on sale of business—
—
—
—
(9.7)Integration costs3.9
—
0.4
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
(2.2)Mark-to-market adjustments on commodity and foreign
exchange hedges—
(1.3)
—
—
1.5Asset disposal costs—
—
—
—
1.6Transaction costs—
—
—
—
0.5Costs expected to be indemnified, net—
0.4
—
—
—Provision for legal settlements0.1
—
—
—
—Equity method investment adjustment—
—
—
0.4
—Noncontrolling interest adjustment—
—
—
(0.3)
—Adjusted EBITDA$   203.3
$   152.4
$      50.1
$      33.1
$       (20.7)Segment Profit as a percentage of Net Sales12.0 %
17.6 %
11.4 %
15.7 %
—Adjusted EBITDA as a percentage of Net Sales18.4 %
22.8 %
18.8 %
24.0 %
— RECONCILIATION OF SEGMENT PROFIT TO ADJUSTED EBITDA (Unaudited)
THREE MONTHS ENDED DECEMBER 31, 2024
(in millions)

Post
Consumer
Brands
Foodservice
Refrigerated
Retail
Weetabix
Corporate/
OtherSegment Profit$   131.0
$      86.1
$      24.2
$      15.9
$             —General corporate expenses and other—
—
—
—
(37.3)Other income, net—
—
—
—
(5.8)Operating Profit131.0
86.1
24.2
15.9
(43.1)Other income, net—
—
—
—
5.8Depreciation and amortization58.2
31.7
17.4
12.0
1.0Stock-based compensation—
—
—
—
19.8Restructuring and facility closure costs, excluding
accelerated depreciation—
—
—
—
3.6Integration costs15.6
—
—
—
—Mark-to-market adjustments on equity security
investments—
—
—
—
(3.3)Mark-to-market adjustments on commodity and foreign
exchange hedges—
(1.0)
—
—
(5.7)Asset disposal costs—
—
—
—
0.2Transaction costs—
—
—
—
0.6Advisory income—
—
—
—
(0.2)Equity method investment adjustment—
—
—
0.2
—Noncontrolling interest adjustment—
—
—
(0.1)
—Adjusted EBITDA$   204.8
$   116.8
$      41.6
$      28.0
$       (21.3)Segment Profit as a percentage of Net Sales13.6 %
14.0 %
9.1 %
12.5 %
—Adjusted EBITDA as a percentage of Net Sales21.2 %
18.9 %
15.6 %
21.9 %
— RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (Unaudited)
(in millions)

Three Months Ended December 31,
2025
2024Net cash provided by operating activities$     235.7
$     310.4Less: Capital expenditures116.4
139.0Free Cash Flow$     119.3
$     171.4 



View original content to download multimedia:https://www.prnewswire.com/news-releases/post-holdings-reports-results-for-the-first-quarter-of-fiscal-year-2026-raises-fiscal-year-2026-outlook-302680657.htmlSOURCE Post Holdings, Inc.

Original: Post Holdings Reports Results for the First Quarter of Fiscal Year 2026; Raises Fiscal Year 2026 Outlook

maybe

News: $POST Is This Health and Wellness Spinoff a Buy?

BellRing Brands (NYSE:BRBR) is a play on the health and wellness trend that's overtaking most consumer products segments . From prepared foods to dining out, soft drinks to adult beverages, consumers are more circumspect about the products they're buying. This maker of protein bars, shakes, ...

In case you are interested POST - Is This Health and Wellness Spinoff a Buy?

Is this a $150 stock? Maybe soon

New 52 week high today. Love it

Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating whether the Board of Directors of Bob Evans Farm, Inc. ("Bob Evans" or the "Company") (NASDAQ: BOBE) breached their fiduciary duties in connection with the proposed sale of the Company to Post Holdings, Inc. The investigation focuses on whether the Board of Directors of Bob Evans failed to fulfill their duties to the shareholders and whether Post Holdings, Inc. is underpaying for Bob Evans.

https://mma.prnewswire.com/media/566015/Screen_Shot_2016_11_14_at_12_47_30_PM.jpg

Investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bobe.

On September 19, 2017, Bob Evans announced that it had signed a definitive merger agreement with Post Holdings, Inc. Terms of the deal call for shareholders to receive $77.00 per share for each share of Bob Evans stock they own.

9 valuation models conclude POST is 35% undervalued... earnings today

VALUATION MODELS

$POST recent news/filings

bullish optionable

## source: finance.yahoo.com

Thu, 27 Aug 2015 17:43:26 GMT ~ A post about buying Post


read full: http://finance.yahoo.com/tumblr/blog-a-post-about-buying-post-174332396.html
*********************************************************

Tue, 25 Aug 2015 21:40:09 GMT ~ McCormick & Co. Continues to Expand, Closes Stubb's Buy


read full: http://finance.yahoo.com/news/mccormick-co-continues-expand-closes-214009735.html
*********************************************************

Fri, 21 Aug 2015 21:08:33 GMT ~ POST HOLDINGS, INC. Files SEC form 8-K/A, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/150821/post8-k_a.html
*********************************************************

Thu, 20 Aug 2015 17:04:15 GMT ~ POST HOLDINGS, INC. Financials


read full: http://finance.yahoo.com/q/is?s=post
*********************************************************

Tue, 18 Aug 2015 21:04:04 GMT ~ POST HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob


read full: http://biz.yahoo.com/e/150818/post8-k.html
*********************************************************

$POST charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$POST company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/POST/company-info
Ticker: $POST
OTC Market Place: Not Available
CIK code: 0001530950
Company name: Post Holdings, Inc.
Incorporated In: MO, USA

$POST share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$POST extra dd links

Company name: Post Holdings, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/POST/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/POST/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=POST+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=POST+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=POST+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/POST/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/POST/news - http://finance.yahoo.com/q/h?s=POST+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/POST/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/POST/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/POST/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/POST/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/POST/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=POST+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/POST
DTCC (dtcc.com): http://search2.dtcc.com/?q=Post+Holdings%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Post+Holdings%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Post+Holdings%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/POST/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/POST
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/POST/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/POST/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/POST/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001530950&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/POST/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/POST/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/POST/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/POST/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=POST&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=POST
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/POST/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=POST+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=POST+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=POST
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=POST
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=POST+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/POST/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=POST+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/POST.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=POST
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/POST/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/POST/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/POST/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/POST/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/POST
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/POST
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/POST:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=POST
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=POST



$POST DD Notes ~ http://www.ddnotesmaker.com/POST

$POST DD Notes ~ http://www.ddnotesmaker.com/POST

bullish
good price action

$POST recent news/filings

## source: finance.yahoo.com

Tue, 25 Nov 2014 14:53:00 GMT ~ Post Holdings (POST) Marked As A Barbarian At The Gate


read full: http://www.thestreet.com/story/12966336/1/post-holdings-post-marked-as-a-barbarian-at-the-gate.html?puc=yahoo&cm_ven=YAHOO
*********************************************************

Tue, 25 Nov 2014 14:08:00 GMT ~ Morning Movers: Stocks Rise on Higher GDP; Tiffany Drops on Japan Woes


read full: http://blogs.barrons.com/stockstowatchtoday/2014/11/25/morning-movers-stocks-rise-on-higher-gdp-tiffany-drops-on-japan-woes/?mod=yahoobarrons&ru=yahoo
*********************************************************

Tue, 25 Nov 2014 11:03:09 GMT ~ U.S. Index Futures Rise as Small Caps Gain on Recovery

[at Bloomberg] - U.S. stock-index futures on small caps advanced, indicating the Russell 2000 Index will rise a fourth day, after benchmark indexes extended records amid optimism over the economic recovery. Futures on ...

read full: http://www.bloomberg.com/news/2014-11-25/u-s-index-futures-rise-as-small-caps-gain-on-recovery.html?cmpid=yhoo
*********************************************************

Mon, 24 Nov 2014 23:25:09 GMT ~ [$$] Post Loss Widens on Charges


read full: http://online.wsj.com/articles/post-loss-widens-on-charges-offsetting-revenue-growth-1416868985?mod=yahoo_hs
*********************************************************

Mon, 24 Nov 2014 22:53:16 GMT ~ Post Holdings Reports Results for the Fourth Quarter and Fiscal Year 2014

[at noodls] - ST. LOUIS, Nov. 24, 2014 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the fourth quarter and fiscal year ended September 30, ...

read full: http://www.noodls.com/view/A5A2ADE8EBF0445A13F26EC855E7DE054DC4FD8D
*********************************************************


$POST charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$POST company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/POST/company-info
Ticker: $POST
OTC Market Place: Not Available
CIK code: 0001530950
Company name: Post Holdings, Inc.
Incorporated In: MO, USA


$POST share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$POST extra dd links

Company name: Post Holdings, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/POST/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/POST/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=POST+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=POST+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=POST+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/POST/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/POST/news - http://finance.yahoo.com/q/h?s=POST+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/POST/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/POST/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/POST/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/POST/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/POST/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/POST/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=POST+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/POST
DTCC (dtcc.com): http://search2.dtcc.com/?q=Post+Holdings%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Post+Holdings%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Post+Holdings%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/POST/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/POST
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/POST/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/POST/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/POST/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001530950&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/POST/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/POST/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/POST/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/POST/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=POST&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=POST
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/POST/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=POST+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=POST+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=POST
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=POST
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=POST+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/POST/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=POST+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/POST.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=POST
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/POST/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/POST/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/POST/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/POST/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/POST
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/POST
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/POST:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=POST
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=POST



$POST DD Notes ~ http://www.ddnotesmaker.com/POST

Meant to say yah.

samstockgsuru, yeah what?

Yeah

New board.