Post Holdings Provides Preliminary Unaudited Selected Financial Data for Q3 2016, Raises Guidance

St. Louis / MO. (pfh) Post Holdings Inc., a consumer packaged goods holding company in the United States, provided certain preliminary unaudited selected financial data for the third quarter of fiscal 2016, and provided an update to its previously issued non-GAAP Adjusted Ebitda guidance for fiscal 2016. This release should be read in conjunction with the financial statements and management’s discussion and analysis included in the Company’s filings with the Securities and Exchange Commission (SEC), as well as the matters discussed under «Risk Factors» in the Company’s Form 10-K for the fiscal year ended September 30, 2015.

Preliminary Unaudited Selected Financial Data for the Third Quarter of Fiscal 2016

The following are preliminary estimates for the fiscal quarter ended June 30, 2016:

• Net sales of approximately 1’246.1 million USD;
• Net earnings of approximately 3.3 million USD; and
• Adjusted Ebitda of approximately 231.0 million USD.

The preliminary financial data discussed above consist of estimates derived from Post’s internal books and records and have been prepared by, and are the responsibility of, Post’s management, are based upon information available to management as of the date hereof, and have not been prepared with a view toward compliance with published guidelines of the SEC or the guidelines of the American Institute of Certified Public Accountants for the preparation or presentation of financial information. The preliminary estimates discussed above are subject to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time the financial results for the third quarter are finalized. Therefore, actual results may differ materially from these estimates and all of these preliminary estimates are subject to change. In addition, preliminary results for the third quarter are not necessarily indicative of operating results for any future period or results for the full year.

Outlook

Post management has raised its fiscal 2016 Adjusted Ebitda guidance range to 915 to 925 million USD, from 893 to 913 million USD. Of the previously announced incremental 25 million USD investment in brand building and productivity, approximately 9 million USD remains to be incurred in the fourth quarter of fiscal year 2016. While Post’s annual planning process is not complete, Post management expects fiscal year 2017 Adjusted Ebitda to exceed 900 million USD.

Post provides 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 non-cash mark-to-market adjustments and settlements on interest rate swaps, transaction and integration costs, restructuring and plant closure costs, losses on assets held for sale and other charges reflected in the Company’s reconciliation of historic numbers, the amounts of which, based on historical experience, could be significant.