Waldencast plc (WALD) Q4 2024 Earnings Call Transcript

2025-03-19 14:59:38 ET

Waldencast plc (WALD)

Q4 2024 Earnings Conference Call

March 19, 2025, 08:30 AM ET

Company Participants

Allison Malkin - Investor Relations

Michel Brousset - Founder and Chief Executive Officer

Manuel Manfredi - Chief Financial Officer

Conference Call Participants

Jonna Kim - TD Cowen

Ashley Helgans - Jefferies

Linda Bolton Weiser - D.A. Davidson

Olivia Tong - Raymond James

Presentation

Operator

Greetings, welcome to the Waldencast Fourth Quarter and Fiscal Year 2024 Earnings Call. At this time, all participants are in listen-only mode. A question-and-answer session, will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

At this time, it's now my pleasure to introduce Allison Malkin with Investor Relations. Thank you, Allison. You may now begin.

Allison Malkin

Thank you, and welcome to the Waldencast plc fourth quarter and fiscal year 2024 earnings call. Here with me today are Michel Brousset, Founder and Chief Executive Officer; and Manuel Manfredi, Chief Financial Officer. For today's call, Michel will begin with an update on our business and vision and discuss the company's performance within the context of the beauty market.

Manuel will follow with a review of the fourth quarter and full year performance and provide our fiscal 2025 outlook. Following this, Michel will share the strategic growth initiatives for our Milk Makeup and Obagi Medical brands. After the prepared remarks, the operator will open the call to take questions.

I would like to remind you that management will make certain statements today, which are forward looking in nature, including statements regarding the outlook of Waldencast business and other matters referenced in the company's earnings release that was issued yesterday. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those projected in or implied by such statements.

Additional information regarding these statements appears under the heading Cautionary Note regarding forward-looking statements in the company's earnings release and in the company's filings that it makes with the Securities and Exchange Commission that are available at www.sec.gov and on the Investor Relations section of the company's website at ir.waldencast.com and should be read in conjunction with the section entitled Risk Factors in the company's annual report for 2023 on Form 20-F filed with the Securities and Exchange Commission on April 30, 2024.

The forward-looking statements on this call speak only as of the original date of this call, and we undertake no obligation to update or revise any of these statements. Also during this call, management will discuss certain non-GAAP financial measures which management believes can be useful in evaluating the company's performance. The presentation of non-GAAP measures should not be considered in isolation or as a substitute for results prepared in accordance with GAAP....

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