Prestige Consumer Healthcare Inc. (NYSE:PBH) Q4 2023 Results Conference Call May 4, 2023 8:30 AM ET
Company Participants
Phil Terpolilli - VP, IR and Treasury
Ron Lombardi - CEO
Christine Sacco - CFO
Conference Call Participants
Susan Anderson - Canaccord Genuity
Mitchell Pinheiro - Sturdivant & Co.
Jon Andersen - William Blair
Operator
Good day, and thank you for standing by. Welcome to the Prestige Consumer Healthcare Fiscal 2023 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your speaker today, Phil Terpolilli, Vice President of Investor Relations and Treasury. Please go ahead.
Phil Terpolilli
Thanks, operator, and thank you to everyone who has joined today. On the call with me are Ron Lombardi, our Chairman, President and CEO; and Christine Sacco, our CFO.
On today’s call, we’ll review our fourth quarter and fiscal ‘23 results, discuss our full year outlook for fiscal ‘24 and then take questions from analysts.
The slide presentation accompanies today’s call can be accessed by visiting prestigeconsumerhealthcare.com, clicking on the Investors link and then on today’s webcast and presentation.
Remember some of the information contained in the presentation today includes non-GAAP financial measures. Reconciliations to the nearest GAAP financial measures are included in our earnings release and slide presentation.
On today’s call, management will make forward-looking statements around risks and uncertainties, which are detailed in a complete safe harbor disclosure on Page 2 of the slide presentation that accompanies the call. These are important to review and contemplate.
Business environment uncertainty remains heightened due to supply chain constraints, high inflation and various geopolitical factors, which have numerous potential impacts. This means results could change at any time, and the forecasted impact of risk considerations is the best estimate based on the information available as of today’s date.
Further information concerning risk factors and cautionary statements are available in our most recent SEC filings and most recent company 10-K.
I’ll now hand it over to our CEO, Ron Lombardi. Ron?
Ron Lombardi
Thanks, Phil. Let’s begin on Slide 5. We are very pleased with our record fiscal ‘23 results that delivered strong growth. Thanks to our diversified portfolio of brands that consumers know and trust.
Revenues of $1,128 million for the full year grew 3.5% organically. This was set against a record fiscal ‘22 that grew over 10% as well as the backdrop of a challenging macro environment. Our base business trends were strong across the majority of our portfolio, fueled by our long-term brand building efforts and solid consumer demand.