Strong Adjusted EBITDA Growth
Adjusted EBITDA grew by over 20% in fiscal '24, despite an incremental $62 million investment in R&D, marketing, and advertising.
Improved Balance Sheet
The company ended fiscal '24 with net leverage below 0.6 turns, demonstrating strong balance sheet health and operational flexibility.
Dividend Increase
The company increased its quarterly dividend payout by 12% to $0.47 per share, reflecting confidence in future performance.
E-commerce Growth
E-commerce sales were a significant source of growth in fiscal '24, capturing consumer shifts to online purchasing.
Home & Garden Segment Success
Net sales increased 7.8% and adjusted EBITDA grew by 25.2%, driven by new product innovations and market share gains.
Successful ERP Implementation
The North America Global Pet Care business successfully transitioned to the S/4HANA ERP platform, improving operational capabilities.