February 20, 2024
McCormick & Firm, Integrated (NYSE:MKC) This autumn 2023 Earnings Convention Name January 25, 2024 8:00 AM ET

Firm Individuals

Faten Freiha – VP of IR

Brendan Foley – President and CEO

Mike Smith – EVP and CFO

Convention Name Individuals

Andrew Lazar – Barclays

Ken Goldman – JPMorgan

Alexia Howard – Bernstein

Max Gumport – BNP Paribas

Steve Powers – Deutsche Financial institution

Adam Samuelson – Goldman Sachs

Matt Smith – Stifel

Robert Moskow – TD Cowen

Rob Dickerson – Jefferies

Faten Freiha

Good morning. That is Faten Freiha, VP of Investor Relations. Thanks for becoming a member of right now’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, President and CEO; Mike Smith, Govt Vice President and CFO; and Kasey Jenkins, Chief Progress Officer.

Throughout this name, we are going to discuss 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 discuss with our presentation for full data.

At present’s presentation accommodates projections and different forward-looking statements. Precise outcomes may 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 elements. Please discuss with our forward-looking statements on Slide 2 for extra data.

I’ll now flip the dialogue over to Brendan.

Brendan Foley

Good morning, everybody, and thanks for becoming a member of us.

Let me begin by sharing what we are going to cowl within the morning’s name. I’ll start with an outline of our fourth quarter year-over-year outcomes, specializing in top-line drivers. Subsequent, I’ll briefly replicate on our full 12 months 2023 efficiency and share our plans and