Post Holdings Posts Q3 Loss On Higher Expenses - Quick Facts

(RTTNews) - Post Holdings, Inc. (POST) reported a third-quarter net loss to stockholders of $39.3 million, or $0.92 per share, compared to profit of $1.1 million or $0.03 per share, prior year. Adjusted net loss to stockholders was $12.6 million, or $0.30 per share, for the quarter.

On average, four analysts polled by Thomson Reutes expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $633.0 million, compared to $257.3 million prior year. Analysts expected revenue of $628.30 million for the quarte. Acquisitions, defined as the Michael Foods, Active Nutrition, Private Brands and Attune Foods segments, contributed $394.8 million to consolidated net sales, the company noted.

Gross profit increased to $148.6 million from $104.2 million. Operating profit decreased to $8.0 million from $24.2 million.

Post management expects fiscal 2014 Adjusted EBITDA, excluding the now completed acquisition of Michael Foods and the pending acquisitions of the PowerBar and Musashi brands and of American Blanching, to be between $260 million and $270 million.