The Hain Celestial Group delivered a challenging fourth quarter of fiscal 2024 with negative organic net sales in the quarter (-4% YoY) driven by North America softness in infant formula and Personal Care, even as International beverages and certain snack platforms showed resilience. Management stressed progress under the Hain Reimagined program, highlighting $65 million of end-to-end fuel savings in FY2024, a 3-day reduction in inventory, a 15-day extension of days payable, and ongoing debt paydown that improved leverage. Despite the near-term quarterly headwinds, the company finished FY2024 with 85% of the business in growth and organic net sales in the grow/maintain cohort up 3% for the year, underscoring the pivot toward growth as the base for FY2025. In Q4, adjusted EBITDA was $40 million with an adjusted gross margin of 23.4%, and full-year adjusted EBITDA was $155 million with an adjusted gross margin of 22.4%, reflecting productivity gains and pricing from fuel and revenue growth management (RGM). The company guided FY2025 to flat or better organic net sales, mid-single-digit adjusted EBITDA growth, and at least 125 basis points of gross margin expansion, with free cash flow of at least $60 million. Management emphasized that the near-term cadence would feature a tougher first half (with negative YoY organic growth in Q1) followed by stronger momentum in the back half as infant formula supply normalizes, Garden Veggie/Terra distribution expands, and continued brand-driven investments gain traction. The back half growth is expected to be powered by formula recovery, Snack portfolio expansion, and geographic footprint advantages as part of the Hain Reimagined plan.