McCormick & Co Inc (BSP:M1KC34)
R$ 122.28 0 (0%) Market Cap: 131.26 Bil Enterprise Value: 158.61 Bil PE Ratio: 26.57 PB Ratio: 3.87 GF Score: 87/100
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Q4 2020 McCormick & Company Inc Earnings Call Transcript

Jan 28, 2021 / 01:00PM GMT
Release Date Price: R$125.26
Kasey A. Jenkins
McCormick & Company, Incorporated - VP of IR

Good morning. This is Kasey Jenkins, Vice President of McCormick Investor Relations. Thank you for joining today's fourth quarter earnings call. To accompany this call, we posted a set of slides at ir.mccormick.com. (Operator Instructions) We'll begin with remarks from Lawrence Kurzius, Chairman, President and CEO; and Mike Smith, Executive Vice President and CFO.

During our remarks, we will refer to certain non-GAAP financial measures. These include information in constant currency as well as adjusted gross margin, adjusted operating income, adjusted income tax rate, adjusted earnings per share and adjusted leverage ratio that exclude the impact of special charges, transaction and integration expenses related to the acquisitions of Cholula and FONA and for 2019, the net nonrecurring benefit associated with the U.S. Tax Act. Reconciliations to the GAAP results are included in this morning's press release and slides.

As a reminder, we completed a 2:1 stock split at the end of our fiscal 2020. As a result, all per share

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