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Post Holdings, Inc. has submitted its 10-K filing for the fiscal year ended September 30, 2024.
The filing includes financial statements for the year, showing an increase in net sales to $7,922.7 million from $6,991.0 million in the previous year. This growth was primarily driven by the inclusion of Pet Food and Perfection acquisitions.
Operating profit for the year was $793.5 million, compared to $598.9 million in the previous year. The increase was attributed to higher segment profit within the Post Consumer Brands, Weetabix (POST+0.91%), and Refrigerated Retail segments.
Interest expense for the year increased to $316.5 million from $279.1 million in the previous year, due to higher average outstanding principal amounts of debt and a higher weighted-average interest rate.
The company reported a net earnings of $366.7 million for the year, up from $301.3 million in the previous year. The increase was driven by higher operating profit and lower general corporate expenses.
Cash provided by operating activities was $931.7 million, while cash used in investing activities was $677.5 million, primarily due to capital expenditures and acquisitions.
Post Holdings completed several financial activities during the year, including the issuance of senior notes and the repayment of various debts.
The company operates in four reportable segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail, with products sold through various channels including grocery, club, and drug stores.
Post Holdings continues to monitor market trends and consumer preferences, with a focus on managing input costs and expanding its product portfolio through strategic acquisitions.
The filing also details various financial agreements and the impact of macroeconomic conditions on the company's operations and financial performance.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Post Holdings Inc. annual 10-K report dated November 15, 2024. To report an error, please email earnings@qz.com.