Key Developments: Post Holdings Inc (POST.N)
44.02USD
17 May 2013
$-0.18 (-0.41%)
$44.20
$44.26
$44.71
$43.89
85,236
59,083
$47.13
$27.33
Latest Key Developments (Source: Significant Developments)
Post Holdings Inc Raises Low End Of Prior FY 2013 EBITDA Guidance To A Range In Line With Analysts' Estimates
Post Holdings Inc announced that for fiscal 2013, it expects adjusted EBITDA to be between $216 million and $225 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $218 million for fiscal 2013. Full Article
Post Holdings Inc Declares Dividend on Series B Convertible Preferred Stock
Post Holdings Inc announced that Board of Directors declared a quarterly dividend of $0.8125 per share, representing a pro-rata payment for the partial dividend period from the issue date of February 26, 2013 to May 14, 2013, on the Company's 3.75% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend will be paid on May 15, 2013 to preferred shareholders as of record date May 1, 2013. Full Article
Post Holdings Inc Moves Forward With Modesto Plant Closing
Post Holdings Inc announced that after discussions with the union representing hourly employees at the Modesto, California plant, the Company's management has made a decision to close the Modesto plant. The Modesto plant has approximately 140 employees. The transfer of production capabilities and closure of the plant is expected to be completed by September 2014. Full Article
Post Holdings Inc Announces Pricing of Convertible Preferred Stock
Post Holdings Inc announced that it has priced its offering of shares of a newly created series of convertible preferred stock, to be designated as its 3.75% Series B Cumulative Perpetual Convertible Preferred Stock (the Preferred Stock). The Company also has increased the size of the offering to $210,000,000 (or 2,100,000 shares) from the previously announced $175,000,000 and has granted the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $31,500,000 (or 315,000 shares) of Preferred Stock. Net proceeds from this offering are expected to be approximately $203,000,000, or approximately $233,500,000 if the initial purchasers exercise their option in full. The Company intends to use the net proceeds from the offering to repay in full all amounts outstanding under its term loan facility, which had a principal balance of $168.4 million as of December 31, 2012, and use the remaining net proceeds for general corporate purposes which could include, among other things, financing acquisitions. The offering is expected to close on February 26, 2013. Full Article
Post Holdings Inc Announces Convertible Preferred Stock Offering
Post Holdings Inc announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of approximately $175 million of a newly created series of convertible preferred stock, to be designated as Series B Cumulative Perpetual Convertible Preferred Stock. The Company expects to grant the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $26.25 million in shares of Preferred Stock. The Company intends to use the net proceeds from the offering to repay in full all amounts outstanding under its term loan facility, which had a principal balance of $168.4 million as of December 31, 2012, and use the remaining net proceeds for general corporate purposes which could include, among other things, financing acquisitions. Full Article
Post Holdings Inc Confirms FY 2013 EBITDA Guidance
Post Holdings Inc confirmed its previously issued guidance for fiscal 2013 adjusted EBITDA to be between $210 million and $225 million, after considering the estimated year-over-year unfavorable commodity cost effect of between $10 million and $15 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $219 million for fiscal 2013. Full Article
Post Holdings Inc Reaffirms FY 2013 EBITDA Guidance
Post Holdings Inc confirmed its previously provided guidance for fiscal 2013 adjusted EBITDA to be between $210 million and $225 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $217 million for fiscal 2013. Full Article
Post Holdings Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates
Post Holdings Inc announced that for fiscal 2013 it expects Adjusted EBITDA in the range of $210-$225 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $214 million for fiscal 2013. Full Article
Ralcorp Holdings Inc Announces Sale of Stake in Post Holdings, Inc.
Ralcorp Holdings Inc announced that it has agreed to the exchange of its remaining stake in Post Holdings, Inc. in settlement of approximately $200 million of debt outstanding under Ralcorp Holdings' credit agreement dated August 30, 2012. Ralcorp retained an approximately 20% stake in Post as part of the separation of Post Foods, which was completed on February 6, 2012. Full Article
Post Holdings Inc Reaffirms FY 2012 EBITDA Guidance
Post Holdings Inc reaffirmed its fiscal 2012 guidance and expects adjusted EBITDA guidance of $200-$210 million and adjusted EBITDA of $210-$220 million for the twelve months following the separation from Ralcorp. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $205 million for fiscal 2012. Full Article
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