MAT - Mattel Inc. (MAT) Q4 2023 Earnings Call Transcript
2024-02-07 21:54:08 ET
Mattel, Inc. (MAT)
Q4 2023 Earnings Conference Call
February 07, 2024, 05:00 PM ET
Company Participants
David Zbojniewicz - Head of IR
Ynon Kreiz - Chairman and CEO
Anthony DiSilvestro - CFO
Conference Call Participants
James Hardiman - Citi
Eric Handler - ROTH MKM
Linda Bolton Weiser - D.A. Davidson
Arpine Kocharyan - UBS
Jim Chartier - Monness, Crespi, Hardt
Stephen Laszczyk - Goldman Sachs
Christopher Horvers - JPMorgan
Megan Alexander - Morgan Stanley
Drew Crum - Stifel
Presentation
Operator
Ladies and gentlemen, good day. My name is Abby, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Mattel, Incorporated Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator Instructions]
And I will now turn the conference over to Mr. David Zbojniewicz, Head of Investor Relations. You may begin.
David Zbojniewicz
Thank you, operator, and good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel's Chairman and Chief Executive Officer; and Anthony DiSilvestro, Mattel's Chief Financial Officer. As you know, this afternoon, we reported Mattel's 2023 fourth quarter and full year financial results. We will begin today's call with Ynon and Anthony providing commentary on our results, after which, we will provide some time for questions.
To help supplement our discussion today, we have provided you with a slide presentation. Our discussion, slide presentation and earnings release may reference non-GAAP financial measures, including adjusted gross profit and adjusted gross margin, adjusted other selling and administrative expenses, adjusted operating income or loss, and adjusted operating income or loss margin, adjusted earnings per share, adjusted tax rate, earnings before interest, taxes, depreciation and amortization or EBITDA, adjusted EBITDA, free cash flow, free cash flow conversion, leverage ratio, net debt and constant currency.
In addition, we present changes in gross billings a key performance indicator. Please note that we may refer to gross billings as billings in our presentation and that gross billings figures referenced on this call will be stated in constant currency unless stated otherwise.
For today's presentation, references to POS and consumer demand exclude the impact related to our Russia business, given our decision to pause all shipments into Russia in 2022. Our slide presentation can be viewed in sync with today's call when you access it through the Investors section of our corporate website, corporate.mattel.com.
The information required by Regulation G regarding non-GAAP financial measures as well as information regarding our key performance indicator is included in our earnings release and slide presentation, and both documents are also available in the Investors section of our corporate website. The preliminary financial results included in the press release and slide presentation represent the most current information available to management.
The company's actual results when disclosed in its Form 10-K may differ from these preliminary results as a result of the completion of the company's financial closing procedures, final adjustments, completion of the review by the company's independent registered public accounting firm and other developments that may arise between now and the disclosures of the final results....
Mattel, Inc. (MAT) Q4 2023 Earnings Call Transcript