
Financial Performance - Q4 2024 - Revenue increased by 8.9% in local currency, reaching $376.42 million compared to $349.302 million in Q4 2023 [36] - Adjusted operating income rose by 20.8% to $42.852 million from $35.904 million in Q4 2023 [36] - Adjusted diluted EPS increased by 29.4% to $0.65 from $0.51 in Q4 2023 [36] - Adjusted EBITDA increased by 18.8% to $61.100 million from $52.012 million in Q4 2023, with the adjusted EBITDA margin improving by 130 bps to 16.2% [36, 38] Financial Performance - Full Year 2024 - Free cash flow increased by 19.7% to $97.9 million compared to $81.8 million in 2023 [39] - Total debt decreased to $633.4 million, resulting in a net debt to credit adjusted EBITDA ratio of 2.3x [39] Segment Performance - Color Group revenue increased by 7.3% in local currency for the full year [9] - Flavors & Extracts Group revenue increased by 7.1% in local currency for the full year [15] - Asia Pacific Group revenue increased by 13.0% in local currency for the full year [19] 2025 Outlook - The company anticipates mid-single-digit growth in local currency revenue [22] - The company anticipates mid-to-high single-digit growth in local currency adjusted EBITDA [23] - The company anticipates high single-digit to double-digit growth in local currency adjusted EPS [24] Natural Color Trend - Natural colors constitute approximately 60% of the company's food and pharmaceutical product line revenue and about 20% of the total company revenue [33]