George Paleologou
President and CEO
Replay available
Premium Brands Holdings Corporation (PBH) Q4 2024 Earnings Call
Premium Brands Holdings Corporation (TSX: PBH) Q4 2024 earnings conference call, held 2025-03-21. Replay captured from the company's public earnings webcast.
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Will Kaludich
CFO
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Premium Brands Holdings Corporation.
Replay transcript excerpt
WEBVTT 00:00:01.178 -- 00:00:05.403 Welcome, everyone, to our 2024 year-end 00:00:05.403 -- 00:00:09.548 conference call. Thank you for joining us today. 00:00:09.548 -- 00:00:13.453 With me here is our CFO, Will Kaludich. 00:00:13.453 -- 00:00:18.619 Our presentation will follow the deck that was posted on our website this morning. 00:00:18.619 -- 00:00:23.805 Later this morning, we will hold a separate live Q&A session at 00:00:23.805 -- 00:00:26.769 10.30 a.m. PST. 00:00:26.769 -- 00:00:32.804 Details to the call can be found on our press release posted on our website. 00:00:32.804 -- 00:00:38.170 We are now on slide three, which outlines certain key highlights for the year and 00:00:38.170 -- 00:00:43.996 the fourth quarter. We made solid progress during 2024 and we're 00:00:43.996 -- 00:00:49.061 well positioned to meet or exceed our 2027 sales and 00:00:49.061 -- 00:00:54.146 adjusted EBITDA targets of $10 billion in sales and $1 billion 00:00:54.146 -- 00:00:55.748 respectively. 00:00:55.748 -- 00:01:02.036 Our sales for the year increased by $210 million or 3.3% to $6.5 00:01:02.238 -- 00:01:07.402 billion, while our adjusted EBITDA margins expanded by 30 basis points 00:01:07.402 -- 00:01:09.825 to 9.2%. This 00:01:09.825 -- 00:01:15.089 is the third consecutive year that we have expanded our adjusted EBITDA margin, 00:01:15.089 -- 00:01:17.450 which was 8.4% 00:01:18.252 -- 00:01:21.755 back in 2022. Our 00:01:21.755 -- 00:01:26.760 success in 2024 was driven by our protein, sandwich, and 00:01:26.760 -- 00:01:31.907 bakery groups initiatives in the U.S. We have invested $814 00:01:31.907 -- 00:01:37.678 million over the past three years to expand the production capacity of these businesses 00:01:37.678 -- 00:01:43.008 who are now leveraging this capacity t...