BRIEF-Post Holdings Reports Q1 Adjusted EPS $0.72

Feb 4 (Reuters) - Post Holdings Inc POST.N:

• POST HOLDINGS REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2021

• Q1 ADJUSTED EARNINGS PER SHARE $0.72

• Q1 SALES $1.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.42 BILLION

• Q1 EARNINGS PER SHARE $1.21

• Q1 EARNINGS PER SHARE ESTIMATE $0.71 -- REFINITIV IBES DATA

• AS OF DECEMBER 31, 2020, POST HAD APPROXIMATELY $1.1 BILLION IN CASH AND CASH EQUIVALENTS ON HAND

• AVAILABLE BORROWING CAPACITY UNDER REVOLVING CREDIT FACILITY WAS $730.6 MILLION AS OF DECEMBER 31, 2020

• REAFFIRMED EXPECTATION OF ADJUSTED EBITDA FOR FIRST HALF OF FISCAL YEAR 2021 TO BE BETWEEN $520-$550 MILLION

• POST HOLDINGS - CONTINUES TO EXPECT FY 2021 CAPITAL EXPENDITURES TO RANGE BETWEEN $225-$250 MILLION, INCLUDING ABOUT $4 MILLION ATTRIBUTABLE TO BELLRING

• POST HOLDINGS - FOR FY 2021, BELLRING MANAGEMENT CONTINUES TO EXPECT NET SALES, ADJUSTED EBITDA TO GROW 8%-13% AND 5%-10%, RESPECTIVELY, OVER FY 2020

• POST HOLDINGS - FOR FISCAL YEAR 2021, BELLRING MANAGEMENT CONTINUES TO EXPECT CAPITAL EXPENDITURES OF APPROXIMATELY $4 MILLION.

Source text for Eikon: ID:nGNX427vck

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