McCormick & Company, Inc. (NYSE:MKC) Q1 2019 Earnings Conference Call March 26, 2019 8:00 AM ET
Company Participants
Kasey Jenkins - Vice President of Investor Relations
Lawrence Kurzius - Chairman, President, CEO
Mike Smith - Executive Vice President, CFO
Conference Call Participants
Andrew Lazar - Barclays
David Driscoll - Citi
Alexia Howard - Alliance Bernstein
Jonathan Feeney - Consumer Edge
Jake Nivasch - Credit Suisse
Adam Samuelson - Goldman Sachs
Akshay Jagdale - Jefferies
Rob Dickerson - Deutsche Bank
Ken Goldman - JP Morgan
Kasey Jenkins
Good morning. This is Kasey Jenkins, Vice President of McCormick Investor Relations. Thank you for joining today’s First Quarter Earnings Call. To accompany this call, we've posted a set of slides at ir.mccormick.com. Currently, all participants are in listen-only mode. Following our remarks, we will begin a question-and-answer session. [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 operating income, adjusted income tax rate and adjusted earnings per share that excludes the impact of special charges, and for 2018 transaction and integration expenses related to the acquisitions of our Frank's and French's brand as well as the net non-recurring income tax benefits associated with the December 2017 U.S. Tax Reform Legislation. 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. In addition, please note that all comparisons discussed today, both for results and outlook, are calculated from the 2018 days that have been recast for the two accounting standard updates we adopted on a retrospective basis in the first quarter of 2019, as well as for
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