NWL - Newell Brands Inc. (NWL) Q4 2023 Earnings Call Transcript

2024-02-09 14:39:04 ET

Newell Brands, Inc. (NWL)

Q4 2023 Earnings Conference Call

February 09, 2024 09:30 AM ET

Company Participants

Sofya Tsinis - Vice President of Investor Relations

Chris Peterson - President and CEO

Mark Erceg - Chief Financial Officer

Conference Call Participants

Filippo Falorni - Citi

Peter Grom - UBS

Olivia Tong - Raymond James

William Chappell - Truist Securities

Lauren Lieberman - Barclays

Andrea Teixeira - JPMorgan

Brian McNamara - Canaccord Genuity

Steve Powers - Deutsche Bank

Presentation

Operator

Good morning, and welcome to Newell Brands' Fourth Quarter and Full-Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After a brief discussion by management, we will open up the call for questions. [Operator Instructions]. Today's conference is being recorded. A live webcast of this call is available at ir.newellbrands.com.

I will now turn the call over to Sofya Tsinis, VP of Investor Relations. Ms. Tsinis, you may begin.

Sofya Tsinis

Thank you. Good morning, everyone. Welcome to Newell Brands year-end earnings call. On the call with me today are Chris Peterson, our President and CEO; and Mark Erceg, our CFO. Before we begin, I'd like to inform you that during the course of today's call, we will be making forward-looking statements, which involve risks and uncertainties. Actual results and outcomes may differ materially, and we undertake no obligation to update forward-looking statements.

I refer you to the cautionary language and risk factors available in our earnings release, our Form 10-K, Form 10-Q and other SEC filings available on our Investor Relations website for a further discussion of the factors affecting forward-looking statements. Please also recognize that today's remarks will refer to certain non-GAAP financial measures, including those we refer to as normalized measures. We believe these non-GAAP measures are useful to investors although they should not be considered superior to the measures presented in accordance with GAAP. Explanations of these non-GAAP measures and available reconciliations between GAAP and non-GAAP measures can be found in today's earnings release and tables that were furnished to the SEC. Thank you. And now I'll turn the call over to Chris.

Chris Peterson

Thank you, Sofya. Good morning, everyone, and welcome to our year-end call. I want to start with a brief recap of the significant progress we have made during 2023 on the turnaround agenda. In June, we introduced and deployed a comprehensive new corporate strategy, which focuses on disproportionately investing in innovation, brand building and go-to-market excellence in our top 25 brands and top 10 markets as part of a clear set of where to play and how to win choices....

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