Post Holdings: Confident Financial Forecast and $500M Senior Notes Offering

Post Holdings ( (POST) ) just unveiled an announcement.

Post Holdings, Inc. remains confident in its financial direction, reiterating its fiscal year 2024 Adjusted EBITDA forecast of $1,370-$1,390 million. The company, a consumer packaged goods powerhouse, also announced a private offering of $500 million in senior notes due 2034, with the intention to use the proceeds for various corporate purposes including debt management and potential acquisitions. This move underlines Post’s strategy for sustaining growth and delivering value, while maintaining transparency with their non-GAAP financial measures to aid investors in understanding the company’s operational performance.

For a thorough assessment of POST stock, go to TipRanks’ Stock Analysis page.