McCormick & Company, Incorporated (NYSE:MKC) Q3 2024 Earnings Conference Call October 1, 2024 8:00 AM ET
Company Participants
Faten Freiha - Vice President, Investor Relations
Brendan Foley - President and Chief Executive Officer
Mike Smith - Executive Vice President and Chief Financial Officer
Marcos Gabriel - Incoming Executive Vice President and Chief Financial Officer
Conference Call Participants
Andrew Lazar - Barclays
Ken Goldman - JPMorgan
Peter Galbo - Bank of America
Alexia Howard - Bernstein
Max Gumport - BNP Paribas
Stephen Powers - Deutsche Bank
Rob Dickerson - Jefferies
Robert Moskow - TD Cowen
Adam Samuelson - Goldman Sachs
Thomas Palmer - Citi
Faten Freiha
Good morning. This is Faten Freiha, VP of Investor Relations. Thank you for joining today's Third Quarter Earnings Call. To accompany this call, we posted a set of slides on our IR website, ir.mccormick.com.
With me this morning are Brendan Foley, President and CEO; Mike Smith, Executive Vice President and CFO; and Marcos Gabriel, Senior Vice President, Global Finance and Capital Markets and Incoming CFO.
During this call, we will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in this morning's press release and slides.
In our comments, certain percentages are rounded. Please refer to our presentation for complete information. Today's presentation contains projections and other forward-looking statements. Actual results could differ materially from those projected.
The company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or other factors. Please refer to our forward-looking statement on Slide 2 for more information.
I will now turn the discussion over to Brendan.
Brendan Foley
Good morning, everyone, and thank you for joining us. Before we begin reviewing our financial results, I would like to address Hurricane Helene. Our thoughts go out to all those impacted by this devastating storm. We continue to monitor the situation closely.
Now moving to our results. Our third quarter performance is aligned with our expectations, especially as we continue to navigate an evolving and complex consumer landscape. Our results demonstrate the success of our prioritized investments in the areas that we believe will drive the most value and improved unit share trends, drive volume growth and capitalize on our advantaged categories.
As we have said, McCormick remains a growth company and our investments in 2024 are yielding results that support our confidence in delivering on our top-tier long-term objectives. We're excited to share our strategic roadmap and building blocks that support these long-term objectives at our upcoming Investor Day.