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McCormick & Firm, Included (MKC) This fall 2024 Earnings Name Transcript

by Index Investing News
January 23, 2025
in Stocks
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McCormick & Firm, Included (NYSE:MKC) This fall 2024 Earnings Convention Name January 23, 2025 8:00 AM ET

Firm Individuals

Faten Freiha – Vice President, Investor Relations
Brendan Foley – Chairman, President and Chief Govt Officer
Marcos Gabriel – Govt Vice President and Chief Monetary Officer

Convention Name Individuals

Andrew Lazar – Barclays
Peter Galbo – Financial institution of America
Alexia Howard – Bernstein
Robert Moskow – TD Cowen
Robert Dickerson – Jefferies
Kenneth Goldman – JPMorgan
Max Gumport – BNP Paribas
Stephen Powers – Deutsche Financial institution
Thomas Palmer – Citi

Faten Freiha

Good morning. That is Faten Freiha, VP of Investor Relations. Thanks for becoming a member of as we speak’s Fourth Quarter Earnings Name. To accompany this name, we posted a set of slides on our IR web site, ir.mccormick.com.

With me this morning are Brendan Foley, Chairman, President and CEO; and Marcos Gabriel, Govt Vice President and CFO. Throughout this name, we’ll consult with sure non-GAAP monetary measures. The character of these non-GAAP monetary measures and the associated reconciliations to the GAAP outcomes are included on this morning’s press launch and slides.

In our feedback, sure percentages are rounded. Please consult with our presentation for full data. Immediately’s presentation accommodates projections and different forward-looking statements. Precise outcomes might differ materially from these projected.

The corporate undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not due to new data, future occasions or different components. Please consult with our forward-looking assertion on Slide 2 for extra data.

Lastly, I would wish to name out that we made adjustments to our launch and slides to streamline and improve our communication. And these adjustments are in alignment with investor and analyst suggestions.

When it comes to metrics, to simplify, we’re adopting the natural gross sales measure, which is outlined because the influence of quantity and blend plus worth and excludes



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