Post Holdings, Inc. (NYSE:POST) Q4 2022 Earnings Call Transcript

Rob Vitale: Thank you.

Operator: Thank you. Our next question comes from Ken Zaslow of Bank of Montreal.

Ken Zaslow: Hey. Good morning guys.

Rob Vitale: Good morning.

Ken Zaslow: Hey Jeff. As you kind of think about your new role, you walk into this role, and I know you have been there so you kind of know the things you are going to do. But can you talk about what your strategy is as you walk into this new role, what are your priorities? And where do you think you could affect the most change?

Jeff Zadoks: Sure. The primary goal that I have is to try and seek out opportunities for the collaboration between the business units. We have made some strides in that regard over the last couple of years, but I think there is still opportunity to push that ball forward. We have breeded the culture of each of our businesses being independent, which is very important to their independent operations. But there are opportunities that we have forgone over these years to better collaborate, perhaps improve our cost structure, perhaps improve opportunities for other activities that we can, hopefully, over the long-term, reach an equilibrium that both benefits from our scale as well as maintain the independence of the operating companies to maintain their focus on what specifically drives their profitability. So, that’s a long-term objective. So, it’s going to take some time to get some of those improvements, but that’s where we are going to try and focus.

Ken Zaslow: And my last part of this question is, what milestones you expect to achieve, or is there a €“ an order for which that you expect to hit certain divisions, or is it just again bringing everything together, but what are your key milestones? I will leave there. Thank you very much.

Jeff Zadoks: To be honest with you, Ken, we haven’t established that, but that’s something we can talk about down the road.

Ken Zaslow: I appreciate it. Thank you.

Operator: Thank you. We have reached the allotted time allowed for Q&A. This will conclude Post Holdings’ fourth quarter €˜22 earnings conference call and webcast. We thank you for your participation. You may disconnect at any time.

Rob Vitale: Thank you.