Waldencast Acquisition (WALD) has released an update.
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Waldencast plc reported a robust Q3 2024 performance with a 34.6% jump in comparable net revenue, driven by strong demand for its Obagi Medical and Milk Makeup brands. The company’s adjusted EBITDA surged by 134% compared to the previous year, reflecting strategic brand enhancements and operational efficiencies. Despite facing significant non-recurring costs, Waldencast maintained healthy cash conversion, supported by effective capital management.
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