McCormick & Company Inc Acquires FONA International LLC - M&A Call Transcript

Dec 30, 2020 / 01:30PM GMT
Kasey A. Jenkins - McCormick & Company, Incorporated - VP of IR

Good morning, everyone. This is Kasey Jenkins, Vice President of Investor Relations. Thank you for joining us on this morning's call to discuss McCormick's acquisition of FONA International LLC and certain of its affiliates. To accompany this call, we've posted a set of slides at ir.mccormick.com. We'll begin with remarks from Lawrence Kurzius, Chairman, President and CEO; and Mike Smith, Executive Vice President and CFO, followed by a question-and-answer session.

During our remarks, we will refer to certain non-GAAP financial measures. These include adjusted EBITDA, adjusted EPS and our net debt to adjusted EBITDA ratio. Please refer to Slide 14 for a more detailed discussion of these non-GAAP financial measures. As a reminder, 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.

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