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Post Holdings Reports on Q3 of FY 2018

08/08/2018

On August 2nd Post Holdings (POST) reported Results for Q3 of FY 2018 ending June 30th. The company operates five segments (Consumer Brands; Weetabix; Private Brands, Refrigerated Foods and Active Nutrition). Results for Michael Foods which produces and processes eggs in the Midwest and Northwest regions is included in the Refrigerated Foods segment.

For Q3 of FY 2018, POST generated net earnings of $94.5million (EPS of $1.29) on revenue of $1,609 million. Comparative values for Q3 of FY 2017 were a loss of $62.8 with an EPS of $(0.93) on revenue of $1,272 million.

The Refrigerated Foods segment achieved revenue of $613 million representing 38 percent of total company revenue and contributed $56.5 million to operating profit. Individual sales and margin values for Michael Foods, involved in shell eggs and processing, were not disclosed. The Company report noted that foodservice sales for eggs increased 6.6 percent in volume compared to Q3 of FY 2017 but retail egg sales declined by 7.4 percent, presumably reflecting lower unit price. A $3.5 million loss associated with unfulfilled sales and margin was recorded as a result of a fire in the Klingerstown, PA. processing plant and the need to boil water in the Lenox, IA. facility operated by Michael Foods.