/PRNewswire/ InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Dried Eggs Market By Product (Whole Eggs, Egg.
JERSEY CITY, N.J., Oct. 11, 2022 /PRNewswire/ InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Dried Eggs Market By Product (Whole Eggs, Egg
Post Holdings, Inc.: Post Holdings Reports Results for the Second Quarter of Fiscal Year 2021
Highlights:
Operating profit of $145.1 million; net earnings of $109.9 million; Adjusted EBITDA of $263.8 million
Second half fiscal year 2021 Adjusted EBITDA (non-GAAP) expected to range between $590-$620 million
Basis of Presentation
On October 21, 2019, the initial public offering of a minority interest in the BellRing Brands business (the BellRing IPO ), Post s historical active nutrition business, was completed. Post fully consolidates the results of BellRing Brands, Inc. ( BellRing ) and its subsidiaries within Post s financial statements and effective October 21, 2019 allocates 28.8% of BellRing s consolidated net earnings/loss and net assets to noncontrolling interest within Post s financial statements.
Dive Brief:
Post Holdings is buying Almark Foods, a provider of hard-cooked and deviled egg products, for an undisclosed amount, the food conglomerate said in a statement. The transaction is expected to close in the first quarter of 2021.
Almark Foods, which was founded in 1990, sells its products to foodservice distributors as well as retail outlets, including in the perimeter-of-the-store and the deli counter.
The purchase of Almark Foods marks the second purchase for Post this month. The company, which has been built largely through acquisitions, announced last week it would buy Peter Pan peanut butter from Conagra Brands for an undisclosed amount.