PAHC Fiscal Q4 and FY 2026 Earnings Call: Sales Growth, 2027 Guidance and Brazil Risk
Source Tradingkey
Key Takeaways
- Fiscal Q4 2026 net sales rose 5% year over year to $396.7 million, while adjusted EBITDA increased 29% and adjusted diluted EPS grew 35%.
- Full-year fiscal 2026 net sales reached a record $1.518 billion, up 17%. Adjusted EBITDA increased 39% to $255 million.
- Animal Health remained the main growth driver. Full-year segment sales increased 21% to $1.162 billion, supported by the acquired MFA portfolio, vaccines and nutritional specialties.
- Free cash flow was $10 million, constrained by an $86.3 million inventory increase primarily related to the acquired MFA portfolio. Year-end net leverage was 2.6 times.
- Management guided fiscal 2027 net sales to $1.55 billion-$1.60 billion and adjusted EBITDA to $258 million-$268 million.
- The fiscal 2027 outlook assumes minimal Brazil sales of virginiamycin, compared with approximately $27 million in fiscal 2026, while eventual regulatory approval would represent potential upside to guidance.
Core Financial Data
| Metric | Fiscal Q4 2026 | Year-over-year change | Fiscal 2026 | Year-over-year change |
|---|---|---|---|---|
| Net sales | $396.7 million | +5% | $1.518 billion | +17% |
| Adjusted EBITDA | — | +29% | $255 million | +39% |
| Adjusted net income | — | +37% | — | Significant increase |
| Adjusted diluted EPS | — | +35% | — | Significant increase |
| Animal Health sales | $297.6 million | +2% | $1.162 billion | +21% |
| Mineral Nutrition sales | $77.0 million | +20% | $282.3 million | +11% |
| Performance Products sales | $22.2 million | +1% | $73.5 million | -8% |
| Operating cash flow | — | — | $69 million | — |
| Capital expenditures | — | — | $59 million | — |
| Free cash flow | — | — | $10 million | — |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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