BellRing Brands, Inc. (NYSE:BRBR) Q4 2024 Earnings Conference Call November 19, 2024 9:00 AM ET

Company Participants

Jennifer Meyer - IR
Darcy Davenport - President & CEO
Paul Rode - CFO

Conference Call Participants

Andrew Lazar - Barclays
Ken Goldman - JPMorgan
Matthew Smith - Stifel
David Palmer - Evercore ISI
Jim Salera - Stephens
John Baumgartner - Mizuho Securities
Bill Chappell - Truist Securities
Thomas Palmer - Citi
Stephen Powers - Deutsche Bank

Operator

Good day, and thank you for standing by. Welcome to BellRing Brands Fourth Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [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, Jennifer Meyer, Investor Relations for BellRing. Please go ahead.

Jennifer Meyer

Good morning, and thank you for joining us today for BellRing Brands fourth quarter fiscal 2024 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 sections 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 this morning. Last evening, we reported our fourth quarter and fiscal '24 results and posted a supplemental presentation to our website. Fiscal '24 was a great year for BellRing Brands. Our net sales grew 20% with adjusted EBITDA of 30%. Our full year results for the second year in a row meaningfully exceeded our long-term algorithm, as we added shape capacity and began to layer in demand drivers.