CA - Spin Master Corp. (SNMSF) Q1 2024 Earnings Call Transcript

2024-05-10 04:59:02 ET

Spin Master Corp. (SNMSF)

Q1 2024 Earnings Conference Call

May 08, 2024, 09:30 AM ET

Company Participants

Sophia Bisoukis - VP, IR

Max Rangel - Global President, CEO & Director

Mark Segal - CFO & EVP

Conference Call Participants

Brian Morrison - TD Cowen

Martin Landry - Stifel

Jaime Katz - Morningstar

Luke Hannan - Canaccord Genuity

John Zamparo - CIBC

Kylie Cohu - Jefferies

Drew Reynolds - RBC

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Spin Master First Quarter 2024 Results Conference call.

At this time, all lines are on the listen-only mode. Following the presentation, we will conduct a question and answer session. [Operator instructions] This call is being recorded on Wednesday, May 08, 2024.

I would now like to turn the conference over to Sophia Bisoukis. Please go ahead.

Sophia Bisoukis

Thank you, John, and good morning. Welcome to Spin Master's financial results conference call for the first quarter 2024. I'm joined this morning by Max Rangel, Spin Master's Global President and CEO and Mark Segal, Spin Master's Chief Financial Officer.

For your convenience, the press release, MD&A, and interim consolidated financial statements are available on the Investor Relations section of our website at spinmaster.com and on SEDAR+.

Before we begin, please note that remarks on this conference call may contain forward-looking statements about Spin Master's current and future plans, expectations, intentions, results, level of activity, performance goals or achievements, and any other future events or developments.

Forward-looking statements are based on information currently available to Management and on estimates and assumptions made based on factors that Management believes are appropriate and reasonable in the circumstances. However, there can be no assurance that certain estimates or assumptions will prove to be correct. Many factors could cause actual results to differ materially from those expected or implied by the forward-looking statements. As a result, Spin Master cannot guarantee that any forward-looking statements will materialize, and you are cautioned not to place undue reliance on these forward-looking statements. Except as may be required by law, Spin Master has no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. For additional info on these assumptions and risks, please consult our cautionary statements regarding forward-looking information and our earnings release dated May 7, 2024.

Please note that Spin Master reports in US dollars and all dollar amounts to lead expressed today are in U.S. currency, unless otherwise noted.

I would now like to turn the call over to Max.

Max Rangel

Good morning, everyone. Before we get into details, I wanted to briefly reflect on the tremendous growth and evolution of Spin Master as we celebrate our 30th anniversary in May. It’s quite remarkable how we’ve grown from our beginnings as an innovative Canadian, start-up toy manufacturer to become a global, fully imagined children’s entertainment company....

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