Post Holdings Reports Avian Influenza at Third-Party Contracted Facilities and Affirms Fiscal Year 2024 Adjusted EBITDA Outlook
Post Holdings, Inc. has recently announced that two of its third-party contracted egg-laying facilities, operated by Michael Foods, have been affected by avian influenza. This news comes alongside the company’s affirmation of its non-GAAP Adjusted EBITDA guidance for fiscal year 2024.
The consumer packaged goods holding company, Post Holdings, revealed the incidents of avian influenza at the facilities on May 29, 2024. While details about the extent of the outbreak and the impact on production remain undisclosed, this event raises concerns about potential disruptions in the egg-laying industry.
Considering this development, Post Holdings took the opportunity to confirm its non-GAAP Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) outlook for fiscal year 2024. Affirming its guidance demonstrates the company’s confidence in its financial performance, despite the challenges posed by the avian influenza incidents.
Furthermore, Post Holdings’ recent financial results have also shown promising returns. In the second quarter of 2024, the company achieved a return on average invested assets (ROI) of 3.34%. This figure surpasses POST’s average return on investment, which stands at 0.51%.While the avian influenza incidents may raise concerns among investors and consumers, Post Holdings remains focused on meeting its financial targets for the fiscal year. The company’s ability to effectively manage these challenges will be crucial in maintaining its market position and ensuring the continued supply of its egg-based products.
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