The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: A lot has been covered already. Just had a couple of cleanups here. On the Dana Kepner deal, just given its size, I'm just wondering if the multiple
reflected a more competitive process. I'm asking in context of, I think you said something about $780 million deployed for the year and after the
year ended and it looks like in the fiscal '23, the numbers were like $231 million of spend, so most of that came after the year. So curious if you have
any comments on that.
And then related to that, on the business itself, what would be some reasons to pay a higher multiple for it? Are there synergies or something else
to consider? And are there any kind of overlaps with your existing footprint, like any risk of cannibalization of existing sales?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Okay. So there's not much overlap then in terms of the footprint cannibalization risk for sales?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Helpful. And then the AC West (sic) [ACF West] deal that you mentioned, I think, earlier in the call, that -- am I right to assume that, that wasn't yet
put in the guide? So has it closed yet or no?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: And then just a couple of little cleanups on the guide. So the -- on sales, the 1% to 2% from the extra week, that's embedded in the guide, right?
And does that have any margin impact? And then there's like a lot moving around below the line given all the capital allocation toward the end of
the year. You mentioned tax rate of 25%. Can you give us any sense on interest expense and share count for '24 based on kind of where we're at
today?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: No. Thanks for indulging me with all those details. Really appreciate it, and best of luck.
|
