McCormick (MKC) Q2 2019 Earnings Call Transcript
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McCormick (NYSE: MKC)
Q2 2019 Earnings Call
Jun 27, 2019, 8:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Kasey Jenkins

Good morning. This is Kasey Jenkins, vice president of McCormick investor relations. Thank you for joining today's second-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 operating income, adjusted income tax rate and adjusted earnings per share that exclude the impact of special charges and, for 2018, transaction and integration expenses related to the acquisition of our Frank's and French's brands as well as the net nonrecurring income tax benefit associated with the December 2017 U.S. tax reform legislation.

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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, 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. Our solid second-quarter results were in line with our expectations.

And as we enter the second and most significant half of our year, we are confident in our growth trajectory and that we are well positioned to deliver strong results in 2019. Our successful execution of our strategies and engagement of employees around the world have driven sales, operating profit and adjusted EPS growth as well as operating margin expansion in both the second quarter and year to date. Starting on Slide 4. Our broad and advantaged global flavor portfolio continues to position us to meet the demand for flavor around the world to grow our business.