McCormick (MKC) Q4 2018 Earnings Conference Call Transcript
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McCormick (NYSE: MKC)
Q4 2018 Earnings Conference Call
Jan. 24, 2019 8:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Kasey Jenkins -- Vice President, Investor Relations

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 profit, adjusted gross profit margin, adjusted operating income, adjusted income tax rate and adjusted earnings per share that exclude the impact of transaction and the integration expenses related to the acquisition of Frank's and French's brand, special charges, and for 2018, the net nonrecurring income tax benefit associated with the December 2017 U.S. Tax Reform legislation, which we refer to as the U.S.

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Tax Act. 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, which includes the complete information.

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 statement, whether because of new information, future events or other factors. As seen on Slide 2, our forward-looking statements also provide information on risk factors that could affect our financial results.

It is now my pleasure to turn the discussion over to Lawrence.

Lawrence Kurzius -- Chairman President and Chief Executive Officer

Thank you, Kasey. Good morning, everyone. Thanks for joining us. Starting on Slide 4, our fourth-quarter results completed another year of record financial performance both from our underlying business and the incremental impact of our acquired Frank's and French's brands.