Waldencast Acquisition Corp. ( (WALD) ) has released its Q4 earnings. Here is a breakdown of the information Waldencast Acquisition Corp. presented to its investors.
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Waldencast Acquisition Corp. is a global multi-brand beauty and wellness platform, focusing on developing, acquiring, and scaling high-growth, purpose-driven brands in the beauty industry. The company has recently reported its financial results for the fourth quarter and fiscal year 2024, showcasing significant growth and strategic advancements.
In the latest earnings report, Waldencast announced a Q4 net revenue of $72.1 million, marking a 30.8% increase from the previous year. The fiscal year 2024 net revenue reached $273.9 million, with a 27.5% growth in comparable net revenue. The company’s adjusted EBITDA for Q4 doubled to $11.2 million, and for the fiscal year, it was $40.3 million, reflecting a 65.1% increase. Key highlights include the expansion of Milk Makeup’s distribution to Ulta Beauty and Obagi Medical’s recognition as the fastest-growing professional skincare brand in the US.
Waldencast’s strategic moves include securing a new $205 million credit facility, which enhances financial flexibility and extends debt maturity. The company attributes its growth to the strength of its brands, operational efficiency, and strategic investments in sales and marketing. Notable product innovations from Milk Makeup and Obagi Medical have also contributed to their market success.
Looking forward, Waldencast management is optimistic about achieving further milestones in 2025, with expectations of mid-teens net revenue growth and an expansion of adjusted EBITDA margin. The company aims to continue its momentum by leveraging its innovation pipeline and expanding its distribution footprint both in the U.S. and internationally.