St. Louis-a diversified portfolio that varies from ready-made breakfast cereals to egg and potato products and pet food helped to increase the profit and sale at postal companies in the first quarter of the tax 2025.
The net result at PosHoldings in the first quarter ending on December 31, 2024, was $ 113.3 million, equal to $ 1.94 per share on the ordinary shares, an increase of 29% of $ 88.1 million, or $ 1, 46 per share, in the same period a year ago. This year’s results include a win of $ 15.4 million on Swaps, which compared a year ago with a cost of $ 21.1 million on Swaps.
Adapted income from continued activities, meanwhile, amounted to $ 111.9 million, which compared to $ 113.7 million in the same period a year ago.
The net turnover in the quarter rose to $ 1,974 billion, an increase of 0.4% compared to $ 1.965 billion.
The strong performance in the first quarter led to it to his tax 2025-adjusted EBITDA to increase throughout the year to $ 1.42 billion to $ 1.46 billion, an earlier prediction of $ 1.41 billion to $ 1.46 billion.
Segment gain in the Post Consumer Brands Business was $ 131 million, a decrease of 1.3% of $ 132.7 million a year ago. The net turnover fell by 2.5% to $ 963.9 million from $ 988.6 million.
Jeff A. Zadoks, Executive Vice President and Chief Operating Officer, said that both pet food and supermarket had a strong quarter within the Consumer Brands unit post.
“For supermarket we benefited from improved use due to our factory closure last September, as well as freight efficiency,” he said. “For PET we have benefited from improved costs and plant performance. From the point of view of volume, the cereal category fell by 3.2%, slightly more than our planned assumptions. “
The segment profit increased in the food service unit of Post and climbed by 14% to $ 86.1 million from $ 75.7 million. The net turnover was also higher in the segment, rose to $ 616.6 million from $ 567.1 million a year ago.
Zadoks said that the results of the food service were strong, powered by continuous volume growth, persistent bird flu prices of the May 2024 outbreak and improved supply chain performance.
“Although restaurant foot traffic remained soft, we saw a stabilization on an annual basis,” he said. “Nevertheless, we continue to grow our volumes in both egg and potato products with our eggs with a higher added value that lead the way with plus 5%. The quarter ended on a challenging note when two of our external contracted farms were hit in December with Aviaire Influenza. Although this had no material impact on the first quarter, in combination with the considerable extra Aviaire influenza outbreaks in the industry, our supply unit will cause source and cost challenges, especially in our tax Q2. “
He said that the costs before the post impact on the tax second quarter of Post praises the price, will be a headwind in the range of $ 40 million to $ 50 million compared to the company’s first quarterly results.
Segment gain in the Weetabix activities was $ 15.9 million, a decrease of 24% compared to $ 21 million. Turnover was also lower and fell to $ 127.6 million from $ 129.1 million.
In the cooled retail segment, profit fell by 32% to $ 24.2 million from $ 35.6 million, while sales fell by 5.1% to $ 266.6 million.
Looking ahead, Post said that tax 2025 capital expenditures will vary between $ 380 million to $ 420 million, including post -investments in network optimization and food safety and capacity for pets, for total expenditure of $ 90 million to $ 100 million. The outlook also includes an investment in food service from $ 80 million to $ 90 million with regard to the completion of an expansion of a Norwalk, Iowa, pre -cooked egg facility and the expansion of the persistent cage -free egg facility.