Acquisitions Give Post Holdings A 76.5 Percent Net Sales Increase Q2 2014

Post Holdings, Inc. reported results for the fiscal quarter ended March 31, 2014. Second quarter net sales were $438.0 million, an increase of $189.8 million, or 76.5 percent, compared to prior year. Acquisitions, defined as the Attune Foods, Active Nutrition and Private Brands segments, contributed $198.5 million to consolidated net sales. Both second quarter 2014 and 2013 include a full quarter contribution of the initial Attune Foods acquisition. The Active Nutrition and Private Brands segment results include partial period contributions for acquisitions completed during the second quarter of 2014.

Gross profit increased $26.9 million to $129.4 million for the second quarter compared to the prior year. This included $34.1 million in gross profit from acquisitions, after incorporating the negative impact of inventory adjustments of $7.3 million resulting from acquisition accounting. Full report.

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