Earnings Call Summary | Post Holdings(POST.US) Q2 2024 Earnings Conference
Earnings Call Summary | Post Holdings(POST.US) Q2 2024 Earnings Conference
The following is a summary of the Post Holdings, Inc. (POST) Q2 2024 Earnings Call Transcript:
以下是郵政控股公司（POST）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Post Holdings reported Q2 net sales of $2 billion, a 23% increase driven by recent acquisitions. Adjusted EBITDA was $345 million.
Sales decreased 5% excluding acquisitions, due to lower overall volumes and the impact of Foodservice pricing.
Sales for Post consumer brands, excluding pet food acquisitions, increased by 1% while volumes decreased by 4%.
Weetabix's sales increased by 10% year-over-year, benefiting from the Deeside acquisition and a stronger British Pound.
Foodservice sales declined by 12%, despite this, there was growth in higher margin, pre-cooked egg products.
Refrigerated Retail had a sales decrease of 8% and volume decrease of 5%, but adjusted EBITDA grew by 3% due to improvements in plant cost management.
Post generated $250 million from operations in Q2 due to profitability and improved working capital. Net leverage decreased 0.2 turn to 4.3 times.
Post Holdings報告稱，第二季度淨銷售額爲20億美元，增長了23％，這得益於最近的收購。調整後的息稅折舊攤銷前利潤爲3.45億美元。
由於總銷量下降和餐飲服務定價的影響，不計收購，銷售額下降了5％。
不包括寵物食品收購，郵政消費品牌的銷售額增長了1％，而銷量下降了4％。
受益於對Deeside的收購和英鎊的走強，Weetabix的銷售額同比增長了10％。
餐飲服務銷售額下降了12％，儘管如此，預煮蛋製品的利潤率有所提高。
冷藏零售的銷售額下降了8％，銷量下降了5％，但由於工廠成本管理的改善，調整後的息稅折舊攤銷前利潤增長了3％。
由於盈利能力和營運資金的增加，Post在第二季度的運營中創造了2.5億美元的收入。淨槓桿率下降了0.2倍至4.3倍。
Business Progress:
業務進展：
Positive category share growth and strong performance seen in pet food brands.
Integration of pet acquisition into the Consumer Brands segment is progressing well.
The capital allocation strategy remains focused on share buybacks, leverage reduction, and M&A.
Plans to ramp up investment in pet food business and expansion of pre-cooked egg facility in Norwalk, Iowa.
The outlook remains optimistic for the balance of FY '24, driven by the balanced portfolio.
An increase in M&A opportunity flow signals potential for future strategic moves. The firm's strategy in Pet involves increasing distribution, employing third-party manufacturers for value products to meet growing demand.
寵物食品品牌的品類份額增長良好，表現強勁。
將寵物收購納入消費品牌領域的工作進展順利。
資本配置策略仍然側重於股票回購、降低槓桿率和併購。
計劃加大對寵物食品業務的投資並擴建愛荷華州諾沃克的預煮雞蛋設施。
在平衡的投資組合的推動下，對24財年餘額的前景仍然樂觀。
併購機會流的增加預示着未來戰略舉措的潛力。該公司在寵物領域的戰略包括增加分銷，僱用第三方製造商生產超值產品，以滿足不斷增長的需求。
More details: Post Holdings IR
更多詳情： 郵政控股投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。