Post Holdings raises FY24 adjusted EBITDA to $1.34B-$1.38B from $1.29B-$1.34B

The company states: “For fiscal year 2024, Post management has raised its guidance range for Adjusted EBITDA to $1,335-$1,375 million from $1,290-$1,340 million. Post management expects fiscal year 2024 capital expenditures to range between $420-$445 million, which includes Foodservice investment in the expansion of the Norwalk, Iowa precooked egg facility and the start of Phase II expansion of the Bloomfield, Nebraska cage-free egg facility, for aggregate expenditures of $100-$110 million. This also includes $90-$100 million for Pet Food quality, safety, capacity, pilot plant and distribution network investments and approximately $20 million related to the scheduled closing of the Lancaster, Ohio cereal manufacturing facility.”