For the fourth quarter ended December 31, 2024:Consolidated net sales decreased by 0.6%, but increased by 1.0% on a constant currency basis1, year-over-year to US$942.4 million, in line with expectationsIncreased gross profit margin by 30 basis points year-over-year to 60.2%Expanded adjusted EBITDA margin2 by 160 basis points year-on year to 20.7%
For the year ended December 31, 2024:Consolidated net sales were US$3,588.6 million, a decrease of 2.5%, but approximately flat on a constant currency basis1, versus a strong net sales base in 2023Expanded gross profit margin by 70 basis points year-over-year to 60.0%Achieved adjusted EBITDA margin2 of 19.0%Increased adjusted free cash flow3 by US$26.5 million year-over-year to US$311.0 millionReturned US$307.6 million to shareholders through US$157.6 million in share buybacks and a US$150.0 million cash distributionMaintained substantial liquidity4 of US$1.4 billion
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