date:Mar 12, 2014
Post Holdings Inc. has lowered its fiscal 2014 adjusted EBITDA guidance to between $300 million to $320 million, down from an earlier forecast of $315 million to $340 million.
The softer view was blamed on three main factors: continued elevated holding company costs supporting merger and acquisition activity, delays in new business volume at Dakota Growers Pasta, and softness in the ready-to-eat cereal category during the second quarter of fiscal 2014.
Rob Vitale, chief financial officer, elab