Q4 2020 McCormick & Company Inc Earnings Call Transcript

Jan 28, 2021 / 01:00PM GMT
Kasey A. Jenkins - McCormick & Company, Incorporated - VP of IR

Good morning. This is Kasey Jenkins, Vice President of McCormick Investor Relations. Thank you for joining today's fourth quarter earnings call. To accompany this call, we posted a set of slides at ir.mccormick.com. (Operator Instructions) We'll begin with remarks from Lawrence Kurzius, Chairman, President and CEO; and Mike Smith, Executive Vice President and CFO.

During our remarks, we will refer to certain non-GAAP financial measures. These include information in constant currency as well as adjusted gross margin, adjusted operating income, adjusted income tax rate, adjusted earnings per share and adjusted leverage ratio that exclude the impact of special charges, transaction and integration expenses related to the acquisitions of Cholula and FONA and for 2019, the net nonrecurring benefit associated with the U.S. Tax Act. Reconciliations to the GAAP results are included in this morning's press release and slides.

As a reminder, we completed a 2:1 stock split at the end of our fiscal 2020. As a result, all per share

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot