McCormick (MKC) Q4 2019 Earnings Call Transcript

McCormick (MKC) Q4 2019 Earnings Call Transcript

[Operator instructions] We'll begin with remarks from Lawrence Kurzius, chairman, president, and CEO; and Mike Smith, executive vice president and CFO.. As seen on Slide 2, our forward-looking statement also provides information on risk factors that could affect our financial results.. We delivered substantial cost savings at our eighth consecutive year of record cash flow.. Our sales growth and focus on profit realization drove strong financial results across both our consumer and flavor solutions segments and reflects the successful execution of our strategies and the engagement of our employees around the world.. We have a broad and advantaged global flavor portfolio, as seen on Slide 5, which continues to position us to meet the demand for flavor around the world and grow our business.. Our investments in new products, brand marketing, capabilities and infrastructure continue to drive growth.. Our highlights for the year include, in our consumer segment, strong U.S. branded growth and double-digit e-commerce growth across all regions.. Overall, we're confident that our -- that the breadth and reach of our portfolio continues to position us to fully meet the demand for flavor around the world and grow our business.. In constant currency, we grew sales 2%, with both