Post Holdings, Inc. has affirmed its non-GAAP adjusted EBITDA guidance for fiscal year 2024. The company's outlook for fiscal year 2024 adjusted EBITDA is in the range of $1,370-$1,390 million.
Post provides adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure.
Management uses adjusted EBITDA as a key metric in the evaluation of underlying company and segment performance and in making financial, operating, and planning decisions. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents.
It's important to note that prospective financial information is speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. As a result of these announcements, the company's shares have moved 0.7% on the market, and are now trading at a price of $114.95. Check out the company's full 8-K submission here.
