Financial Data and Key Metrics Changes - Comparable net revenue growth was 34.6%, up from 21% in Q1 and 25.7% in Q2 [10] - Adjusted EBITDA rose 134% to 16.3% of net revenue, expanding 720 basis points from the prior year [12] - Adjusted gross profit margin increased by 400 basis points to 73.2% in Q3 2024 [35] - For the first nine months of 2024, net revenue reached $201.8 million, a 26.9% increase in comparable growth [37] Business Line Data and Key Metrics Changes - Milk Makeup generated net revenue of $31.5 million, a 23.5% increase year-over-year [45] - Obagi Medical recorded net revenue of $38.7 million, representing a 45.5% growth from the prior year [59] - Adjusted gross profit for Milk Makeup rose 25.2% to $65.6 million, with a gross profit margin of 69.2% [49] - Adjusted gross profit for Obagi Medical was $85.3 million, with a gross profit margin of 79.7% [64] Market Data and Key Metrics Changes - Milk Makeup saw revenue growth of 22.3% in North America and 20.4% internationally [50] - Obagi Medical experienced a 42.1% increase in North America and a 32.8% increase internationally [65] - The beauty market continues to normalize, with the prestige market growing by 7% year-to-date [84] Company Strategy and Development Direction - The company aims to build a global best-in-class beauty and wellness platform through acquisitions and brand development [12][22] - Focus on operational scale and efficiency to support growth and EBITDA margin expansion [14][16] - Plans to expand into new regions and categories while leveraging the Waldencast platform for brand support [23][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued growth, emphasizing the importance of innovation and brand awareness [78] - The company does not foresee significant impacts from tariffs on gross margins due to sourcing strategies [80] - Management expects to maintain strong performance into Q4 2024 and reaffirmed guidance for the full year [40] Other Important Information - The company ended the first nine months of 2024 with cash and cash equivalents of $17.6 million and $30 million available on a revolving credit facility [43] - The company is currently managing non-recurring costs associated with an ongoing regulatory investigation [42] Q&A Session Summary Question: Future innovation and growth strategy - Management is optimistic about next year, focusing on brand awareness, innovation, and expansion [78] Question: Impact of tariffs on gross margins - Management does not expect tariffs to have a substantial impact on the business due to sourcing strategies [80] Question: Trends in Milk's gross margin and beauty industry performance - Management noted temporary phasing issues with off-price sales and highlighted the resilience of the beauty market [84] Question: In-stock levels and penetration into dermatologists' offices - Management indicated improved in-stock levels for Obagi and ongoing efforts to increase penetration in physician offices [87] Question: Holiday promotional levels and retailer inventory caution - Management plans to maintain consistent holiday promotional strategies while observing cautious inventory management among retailers [92] Question: Innovation pipeline for Milk and near-term focus areas - Management emphasized the importance of innovation and plans to expand into new subcategories within makeup [96] Question: Performance of the physician dispense channel - Management noted strong demand for science-based medical skincare and ongoing growth in the physician dispense channel [99] Question: M&A landscape and opportunities with indie brands - Management acknowledged the beauty industry's acquisitive nature and the presence of attractive targets for potential acquisitions [101] Question: Brand awareness and distribution expansion for Milk - Management highlighted growth in community engagement and ongoing evaluation of distribution opportunities [106]

$70.2 million of Net Revenue Q3 2024 +34.6% Comparable Net Revenue Growth Both brands accelerating from Q2 2024 +45.5% Obagi Medical and +23.5% Milk Makeup vs Q3 2023 Adjusted EBITDA of $11.4 million, up +134.0% vs Q3 2023 LONDON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Waldencast plc (NASDAQ: WALD) ("Waldencast" or the "Company"), a global multi-brand beauty and wellness platform, today reported operating results for the three months ended September 30, 2024 ("Q3 2024") and nine months ended September 30, 2024 ( ...

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Waldencast plc (NASDAQ: WALD) ("Waldencast" or the "Company"), a global multi-brand beauty and wellness platform, announced today that Hind Sebti, Kelly Brookie and Roberto Thompson have been appointed to its board of Directors (the "Board"), effective September 26, 2024. These executives bring extensive professional experience further enhancing the breadth of talent and expertise possessed by the Board. Ms. Brookie will replace Sarah Brown who has informed the Bo ...

waldencast 1 Q2 2024 Earnings Presentation MICHEL BROUSSET MANUEL MANFREDI CO-FOUNDER & CEO CHIEF FINANCIAL OFFICER 2 DISCLAIMER Cautionary Statement Regarding Forward-Looking Statements All statements in this presentation that are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about: statements regarding Waldencast's outlook and guidance for Fiscal ...

Waldencast plc. (NASDAQ:WALD) Q2 2024 Earnings Conference Call August 28, 2024 8:30 AM ET Company Participants Allison Malkin - Investor Relations, ICR Michel Brousset - Founder & Chief Executive Officer Manuel Manfredi - Chief Financial Officer Conference Call Participants Olivia Tong - Raymond James Linda Bolton Weiser - DA Davidson Dana Telsey - Telsey Advisory Group Operator Greetings. Welcome to Waldencast's Second Quarter and First Half 2024 Earnings Call. At this time, all participants are in a liste ...

Waldencast's recently published Q2 report arrived with plenty for investors to be excited about. Waldencast (WALD -0.69%) stock is skyrocketing Wednesday. The cosmetics company's share price was up 15.9% as of 11:45 a.m. ET, according to data from S&P Global Market Intelligence. Shares had been up as much as 63.4% earlier in the day's trading. Waldencast published second-quarter results after the market closed yesterday, reporting sales that crushed expectations. Management also indicated that performance s ...

$63.3 million of Net Revenue Q2 2024 +25.7% net revenue Comparable Growth: +30.9% Obagi Medical and +20.0% Milk Makeup vs Q2 2023 Adjusted EBITDA of $6.3 million, up +64.5% vs Q2 2023 NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Waldencast plc (NASDAQ: WALD) ("Waldencast" or the "Company"), a global multi-brand beauty and wellness platform, today reported operating results for the three months ended June 30, 2024 ("Q2 2024") and six months ended June 30, 2024 ("H1 2024") on Form 6-K to the U.S. Securities an ...

TABLE OF CONTENTS WALDENCAST'S OPERATING AND FINANCIAL REVIEW AND PROSPECTS 2 FINANCIAL INFORMATION F-14 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS F-15 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS F-16 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY F-17 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS F-18 NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS F-19 SIGNATURE 40 1 WALDENCAST'S OPERATING AND FINANCIAL REVIEW AND P ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Waldencast plc, (NASDAQ: WALD) ("Waldencast"), a global multi-brand beauty and wellness platform, provided second quarter and first half fiscal 2024 earnings conference call and webcast information. As previously announced, the Company will report second quarter and first half fiscal 2024 earnings on August 27th, after the close of the U.S. stock market. The Company will conduct a conference call to discuss its earnings results on Wednesday, August 28, 2024 at 8:3 ...

In the Zacks Cosmetics industry, companies are facing challenges from inflationary pressures, which have been compounded by a general decline in discretionary spending stemming from higher cost of living and elevated interest rates. These factors have impacted consumer demand across the sector. Nevertheless, initiatives aimed at enhancing digital capabilities and fostering innovation have proven beneficial for firms such as Coty Inc. (COTY) , Inter Parfums, Inc. (IPAR) , Waldencast plc (WALD) and Olaplex Ho ...