Post Holdings, Inc (POST) has reported 282.75 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $97.60 million, or $1.22 a share in the quarter, compared with $25.50 million, or $0.15 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $49.70 million, or $0.62 a share compared with $40.30 million or $0.52 a share, a year ago. Revenue during the quarter went up marginally by 0.08 percent to $1,249.80 million from $1,248.80 million in the previous year period. Gross margin for the quarter expanded 131 basis points over the previous year period to 30.34 percent. Total expenses were 93.90 percent of quarterly revenues, up from 89.36 percent for the same period last year. That has resulted in a contraction of 455 basis points in operating margin to 6.10 percent.
Operating income for the quarter was $76.20 million, compared with $132.90 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $230.10 million compared with $235.60 million in the prior year period. At the same time, adjusted EBITDA margin contracted 46 basis points in the quarter to 18.41 percent from 18.87 percent in the last year period.
Operating cash flow turns negative
Post Holdings, Inc has spent $23.60 million cash to meet operating activities during the quarter as against cash inflow of $88.70 million in the last year period. The company has spent $121.80 million cash to meet investing activities during the quarter as against cash outgo of $107.90 million in the last year period.
The company has spent $128.40 million cash to carry out financing activities during the quarter as against cash outgo of $19.40 million in the last year period.
Cash and cash equivalents stood at $869.10 million as on Dec. 31, 2016, up 8.31 percent or $66.70 million from $802.40 million on Dec. 31, 2015.
Working capital increases
Post Holdings, Inc has recorded an increase in the working capital over the last year. It stood at $1,307.70 million as at Dec. 31, 2016, up 13.50 percent or $155.50 million from $1,152.20 million on Dec. 31, 2015. Current ratio was at 3.41 as on Dec. 31, 2016, up from 3.04 on Dec. 31, 2015.
Cash conversion cycle (CCC) has decreased to 29 days for the quarter from 51 days for the last year period. Days sales outstanding went up to 29 days for the quarter compared with 27 days for the same period last year.
Days inventory outstanding has decreased to 27 days for the quarter compared with 49 days for the previous year period. At the same time, days payable outstanding was almost stable at 26 days for the quarter, when compared with the previous year period.
Debt remains almost stable
Post Holdings, Inc has witnessed an increase in total debt over the last one year. It stood at $4,561.30 million as on Dec. 31, 2016, up 0.86 percent or $38.90 million from $4,522.40 million on Dec. 31, 2015. Total debt was 49.65 percent of total assets as on Dec. 31, 2016, compared with 49.35 percent on Dec. 31, 2015. Debt to equity ratio was at 1.53 as on Dec. 31, 2016, up from 1.52 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 1.05 for the quarter from 1.71 for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
