BellRing Brands, Inc. (NYSE:BRBR) Q2 2022 Earnings Conference Call May 6, 2022 10:30 AM ET

Company Participants

Jennifer Meyer - Investor Relations

Darcy Davenport - President & Chief Executive Officer

Paul Rode - Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays

Ken Goldman - JPMorgan

Pamela Kaufman - Morgan Stanley

Chris Growe - Stifel

Ben Bienvenu - Stephens

Bill Chappell - Truist Securities

John Baumgartner - Mizuho Securities

Bryan Spillane - Bank of America

Ken Zaslow - Bank of Montreal

Operator

Welcome to BellRing Brands Second Quarter 2022 Earnings Conference Call and Webcast. Hosting the call today from BellRing Brands are Darcy Davenport, President and Chief Executive Officer; and Paul Rode, Chief Financial Officer. Today's call is being recorded and will be available for replay beginning at 1:30 p.m. Eastern Time. The dial-in number is 800-934-7879. No passcode is required. At this time, all participants have been placed in a listen-only mode. It is now my pleasure to turn the floor over to Jennifer Meyer, Investor Relations of BellRing Brands, for introductions. You may begin.

Jennifer Meyer

Good morning, and thank you for joining us today for BellRing Brands Second Quarter Fiscal 2022 Earnings Call. With me today are Darcy Davenport, our President and CEO; and Paul Rode, our CFO. Darcy and Paul will begin with prepared remarks. And afterwards, we'll have a brief question-and-answer session. The press release and supplemental slide presentation that support these remarks are posted on our website in both the Investor Relations and the SEC filings section at bellring.com. In addition, the release and slides are available on the SEC's website.

Before we continue, I would like to remind you that this call will contain forward-looking statements, which are subject to risks and uncertainties that should be carefully considered by investors as actual results could differ materially from these statements. These forward-looking statements are current as of the date of this call, and management undertakes no obligation to update these statements. As a reminder, this call is being recorded, and an audio replay will be available on our website. And finally, this call will discuss certain non-GAAP measures. For a reconciliation of these non-GAAP measures to the nearest GAAP measure, see our press release issued yesterday and posted on our website.

With that, I will turn the call over to Darcy.

Darcy Davenport

Thanks, Jennifer, and thank you all for joining us. Last evening, we reported our second quarter results and posted a supplemental presentation to our website. On March 10, Post completed its distribution of 80% of its interest in BellRing to Post shareholders. The spin-off positions us with more strategic flexibility to manage our capital structure and provides additional liquidity in our shares. I want to thank all the people at both BellRing and Post who worked incredibly hard to make this transaction successful.