The following is a summary of the Waldencast Plc. (WALD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Waldencast reported strong financial results for Q3 2024 with net revenue reaching $70.2 million, a substantial increase of 34.6%.

• Adjusted EBITDA soared by 134%, reaching $11.4 million, and adjusted EBITDA margin expanded to 16.3%, a 720 basis point increase from the previous year.

Business Progress:

• Expanded product lines and partnerships, particularly in the European market for Milk Makeup.

• Continued growth in Obagi Medical due to successful product launches and enhanced digital channel efficiency.

• Strategic investment in marketing and operational capabilities to support ongoing and future growth.

Opportunities:

• Planned organic growth and potential acquisitions as part of the strategy to enhance its portfolio of brands.

• Increased traction in international markets with Milk Makeup entering new regions like India.

• Expansion of distribution networks, especially for Milk Makeup, which has gained substantial global attention, signaling potential for even greater international market penetration.

Risks:

• Out-of-stock situations potentially impacting growth into Q1 of next year, although inventory levels have improved.

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