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Post Holdings swings to profit in fiscal Q2

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Post Holdings swings to profit in fiscal Q2

Post Holdings Inc. said its normalized net income for the fiscal second quarter ended March 31 came to $38.2 million, compared with a loss of $312,500 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.0% from negative 0.0% in the year-earlier period.

Total revenue decreased year over year to $1.26 billion from $1.27 billion, and total operating expenses climbed from the prior-year period to $1.12 billion from $1.10 billion.

Reported net income came to a loss of $7.5 million, or a loss of 11 cents per share, compared to income of $1.4 million, or 2 cents per share, in the prior-year period.