Post Holdings, Inc. (NYSE:POST) Q2 2023 Earnings Conference Call May 5, 2023 9:00 AM ET

Company Participants

Daniel O’Rourke – Investor Relations

Rob Vitale – President and Chief Executive Officer

Matt Mainer – Chief Financial Officer and Treasurer

Conference Call Participants

Andrew Lazar – Barclays

David Palmer – Evercore

Matt Smith – Stifel

Michael Lavery – Piper Sandler

Bill Chappell – Truist

Jason English – Goldman Sachs

Operator

Thank you for standing by, and welcome to the Post Holdings Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today’s call is being recorded.

I would now like to turn the conference over to your host, Mr. Daniel O’Rourke, Investor Relations for Post Holdings. Sir, you may begin.

Daniel O’Rourke

Good morning, and thank you for joining us today for Post’s second quarter fiscal 2023 earnings call. With me this morning are Rob Vitale, our President and CEO; and Matt Mainer, our CFO and Treasurer. Rob and Matt will begin with prepared remarks. And afterwards, we will answer your questions. The press release that supports these remarks is posted on both the Investors and the SEC sections of our website and is also available on the SEC’s website.

As a reminder, this call is being recorded and an audio replay will be available on our website at postholdings.com. Before we continue, I would like to remind you that this call will contain forward-looking statements, which are subject to risks and uncertainties that should be carefully considered by investors as actual results could differ materially from these statements. These forward-looking statements are current as of the date of this call, and management undertakes no obligation to update these statements.

And finally, this call will discuss certain non-GAAP measures. For a reconciliation of these non-GAAP measures to the nearest GAAP measure, see our press release issued yesterday and posted on our website.

With that, I will turn the call over to Rob.

Rob Vitale

Good morning. Thanks, Daniel. Thank you all for joining us. We had a strong quarter and we feel confident in our performance for the balance of the year. Continued strong performance and food services enabling us to lean into incremental investment in our retail channel businesses and it well positions us for fiscal 2024.

Last week, we closed on the acquisition of a handful of Pet Food brands from J.M. Smucker. We are optimistic that this acquisition will open exciting doors for Post as have all our previous transactions. I want to thank the teams from both Post and Smucker who drove this deal to a successful closing.