Post Holdings Inc (NYSE: POST)  in the fourth quarter of FY 17 has reported the adjusted earnings per share of 88 cents, missing the analysts’ estimates for the adjusted earnings per share of 93 cents.  On the other hand, the company had reported the adjusted revenue growth of 15 percent to $1.45 billion in the third quarter of FY 17, due to an acquisition of Weetabix and its $112 million in revenues. The gross profit increased $59.7 million compared to the prior year gross profit of $377.4 million. However, the gross profit for the fourth quarter of 2017 was negatively impacted due to an inventory adjustment of $18.2 million resulting from purchase accounting.

During FY 17, POST has repurchased 4.0 million shares for $317.7 million at an average price of $79.51 per share. At the end of the fourth quarter of 2017, POST had $232.3 million remaining under its share repurchase authorization.

Moreover, in the fourth quarter 2017, POST has agreed to acquire Bob Evans Farms for $77.00 per share. Bob Evans is a leading producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items. The deal is expected to be completed in the second quarter of FY18, subject to customary closing conditions including the expiration of waiting periods under U.S. antitrust laws and approval of Bob Evans’s stockholders.

Additionally, for FY 18, POST expects the adjusted EBITDA to be in the range of $1.14-$1.18 billion, exclusive of the pending acquisition of Bob Evans and considering modest sequential quarterly growth throughout FY18. Further, POST expects to incur integration costs (which are an adjustment to non-GAAP measures) for the integration of Weetabix and Bob Evans of approximately $25 million comprised of severance, retention and third party consulting expenses. In addition, for FY 18, POST expects the capital expenditures, exclusive of Bob Evans, to be in the range of $220-$230 million. This includes approximately $50 million related to the previously announced cage-free housing conversion at the Bloomfield, Nebraska facility and between $30-$40 million for growth initiatives and productivity.

POST stock has risen 14.03% in a year (source: Google Finance).