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McCormick & Co Inc (MKC) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Atlantica Reports Full Year 2020 Financial Results Net profit attributable to the Company for the full year 2020 was $12.0 million, compared with $62.1 million in the previous year. Adjusted EBITDA including unconsolidated affiliates 1 was $796.1 million in 2020, representing a 3.1% decrease compared with the previous year. Net cash provided by operating activities increased by 20.5% to $438.2 million compared to $363.6 million in 2019. Cash available for distribution (“CAFD”) was $200.7 million in 2020, 5.5% up on the previous year. 2021 CAFD target guidance established in the range of $220 million to $240 million. Over $300 million in equity investments closed in 2020 and approximately $280 million new equity investments already agreed for 2021. Mid-term CAFD per share growth target set in the range of 5% to 8% ....
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 ve posted 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 margin, adjusted operating income, adjusted income tax rate, adjusted earnings per share and adjusted leverage ratio that exclude the impact of special charges, transaction and integration expenses related to the acquisitions of Cholula and FONA, and for 2019, the net non-recurring benefit associated with the U.S. Tax Act. Reconciliations to the GAAP results are included in this morning s press release and slides. ....
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