Post Holdings ups FY24 adjusted EBITDA view to $1.22B-$1.28B from $1.2B-$1.26B

Post management updated its outlook for fiscal year 2024 Adjusted EBITDA to the range of $1,220-$1,280 million to incorporate 10 months of contribution from the previously announced acquisition of Perfection Pet Foods, LLC, which was completed effective December 1, 2023. No change was made to the outlook range for the announcement of avian influenza as Post management believes the related financial impact is within the tolerances of the range. The updated guidance range does not incorporate a significant expansion of avian influenza within Post’s network, the impact of which is uncertain. The APHIS division of the USDA and individual states track and report individual incidents of avian influenza. Post does not expect to provide additional updates on specific incidents unless the cumulative effect of subsequent incidents exceeds an additional 5% of Post’s controlled supply.