Bellring Brands Inc
NYSE:BRBR

  • LAST PRICE
    57.1800
  • TODAY'S CHANGE (%)
    -0.2400 (-0.4180%)
  • Bid / Lots
    62.0000/ 11
  • Ask / Lots
    62.9800/ 1
  • Open / Previous Close
    57.7500 / 57.4200
  • Day Range
    56.8700
    58.2800
  • 52 Week Range
    34.5800
    62.7564
  • Volume
    1,679,251

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  • Today

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    • 2 hours ago by Dow Jones
      Companies Mentioned: BRBR

      1808 ET - BellRing Brands shares jump 9.3% after-hours as the shake and powder seller posts sales and profits that beat expectations. The company reported 2Q revenue of $495 million and adjusted per-share earnings of 45 cents, both ahead of what analysts polled by FactSet had anticipated. BellRing said its sales volumes were up 43% for the quarter as the company restarted promotions on its protein shakes, driving better-than-expected demand. The deals contributed to a 14% decline in prices and the mix of products sold, BellRing said. The company also boosted its outlook for sales and EBITDA. (jesse.newman@wsj.com)

    • 2 hours ago by MT Newswires
      Companies Mentioned: BRBR
      05:19 PM EDT, 05/06/2024 (MT Newswires) -- BellRing Brands (BRBR) reported fiscal Q2 adjusted earnings Monday of $0.45 per diluted share, up from $0.24 per share a year earlier. Analysts polled by Capital IQ expected $0.33. Net sales in the quarter ...

    • 3 hours ago by MT Newswires
      Companies Mentioned: BRBR
      05:02 PM EDT, 05/06/2024 (MT Newswires) -- ...

    • 3 hours ago by MT Newswires
      Companies Mentioned: BRBR
      05:01 PM EDT, 05/06/2024 (MT Newswires) -- ...

    • 3 hours ago by Dow Jones
      Companies Mentioned: BRBR
      of the income tax expense impact of the adjustments.Adjusted EBITDA and Adjusted EBITDA as a percentage of net salesBellRing believes that Adjusted EBITDA is useful to investors in evaluating BellRing's operating performance and liquidity because (i) BellRing believes it is widely used to measure a company's operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, (ii) it presents a measure of corporate performance exclusive of BellRing's capital structure and the method by which the assets were acquired and (iii) it is a financial indicator of a company's ability to service its debt, as BellRing is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Management uses Adjusted EBITDA to provide forward-looking guidance and to forecast future results. BellRing believes that Adjusted EBITDA as a percentage of net sales is useful to investors in evaluating BellRing's operating performance because it allows for more meaningful comparison of operating performance across periods. Adjusted EBITDA reflects adjustments for income tax expense, interest expense, net and depreciation and amortization including accelerated amortization, and the following adjustments discussed above: mark-to-market adjustments on commodity hedges, foreign currency gain/loss on intercompany loans and separation costs. Additionally, Adjusted EBITDA reflects an adjustment for the following item: 6. Stock-based compensation: BellRing's compensation strategy includes the use of BellRing stock-based compensation to attract and retain executives and employees by aligning their long-term compensation interests with BellRing's stockholders' investment interests. BellRing's director compensation strategy includes an election by any director who earns retainers in which the director may elect to defer compensation granted as a director to BellRing common stock, earning a match on the deferral, both of which are stock-settled upon the director's retirement from the BellRing board of directors. BellRing has excluded stock-based compensation as stock-based compensation can vary significantly based on reasons such as the timing, size and nature of the awards granted and subjective assumptions which are unrelated to operational decisions and performance in any particular period and does not contribute to meaningful comparisons of BellRing's operating performance to other periods. RECONCILIATION OF NET EARNINGS TO ADJUSTED NET EARNINGS (Unaudited) (in millions) Three Months Ended March 31, Six Months Ended March 31, ----------------- --------------------------- 2024 2023 2024 2023 ---- ---- Net Earnings $57.2 $30.9 $ 101.1 $ 75.1 Adjustments: Accelerated amortization -- -- 17.4 -- Mark-to-market adjustments on commodity hedges 2.5 0.8 2.7 2.0 Foreign currency loss (gain) on intercompany loans 0.1 -- 0.1 (0.6) Separation costs -- 0.4 -- 0.7 Total Net Adjustments 2.6 1.2 20.2 2.1 Income tax effect on adjustments (1) (0.6) (0.2) (4.8) (0.4) Adjusted Net Earnings $59.2 $31.9 $ 116.5 $ 76.8 ==== ==== ===== ==== (1) Income tax effect on adjustments was calculated on all items, except for separation costs, using a rate of 24.0%. For the three and six months ended March 31, 2023, income tax effect for separation costs was calculated using a rate of 8.0%. RECONCILIATION OF DILUTED EARNINGS PER COMMON SHARE TO ADJUSTED DILUTED EARNINGS PER COMMON SHARE (Unaudited) Three Months Ended March 31, Six Months Ended March 31, ---------------------- ---------------------------- 2024 2023 2024 2023 ------ -------- Diluted Earnings per share of Common Stock $ 0.43 $ 0.23 $ 0.76 $ 0.56 Adjustments: Accelerated amortization -- -- 0.13 -- Mark-to-market adjustments on commodity hedges 0.02 0.01 0.02 0.01 Total Net Adjustments 0.02 0.01 0.15 0.01 Income tax effect on adjustments (1) -- -- (0.03) -- --- ----- ------ --- ----- -------- Adjusted Diluted Earnings per share of Common Stock $ 0.45 $ 0.24 $ 0.88 $ 0.57 (1) Income tax effect on adjustments was calculated on all items using a rate of 24.0%. RECONCILIATION OF NET EARNINGS TO ADJUSTED EBITDA (Unaudited) (in millions) Three Months Ended Six Months Ended March March 31, 31, ---------------------- ----------------------- 2024 2023 2024 2023 ---- --- ----- --- Net Earnings $ 57.2 $30.9 $101.1 $ 75.1 Income tax expense 19.3 10.3 33.5 24.6 Interest expense, net 14.5 16.8 29.4 33.5 Depreciation and amortization, including accelerated amortization 4.6 5.2 27.2 10.5 Stock-based compensation 5.5 3.6 10.2 7.1 Mark-to-market adjustments on commodity hedges 2.5 0.8 2.7 2.0 Foreign currency loss (gain) on intercompany loans 0.1 -- 0.1 (0.6) Separation costs -- 0.4 -- 0.7 Adjusted EBITDA $103.7 $68.0 $204.2 $152.9 ===== ==== === ===== ===== === Net Earnings as a percentage of Net Sales 11.6% 8.0% 10.9% 10.0% ===== ==== ===== ===== Adjusted EBITDA as a percentage of Net Sales 21.0% 17.6% 22.1% 20.4%

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