Mattel, Inc. (MAT) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

draw your question press star one a second time thank you and i will now turn the conference over to mr david spoinevich head of investor relations you may begin thank you operator and good afternoon everyone joining me today are inan cries mattel's chairman and chief executive officer and anthony d silvestro 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 Enon 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 investor section of our corporate website, corpora...