Mattel, Inc. (NASDAQ:MAT) Q1 2023 Earnings Conference Call April 26, 2023 5:00 PM ET
Company Participants
David Zbojniewicz - Vice President of Investor Relations
Ynon Kreiz - Chairman and Chief Executive Officer
Anthony DiSilvestro - Chief Financial Officer
Richard Dickson - President and Chief Operating Officer
Conference Call Participants
Drew Crum - Stifel
Arpine Kocharyan - UBS
Eric Handler - Roth MKM
Gerrick Johnson - BMO Capital Markets
Linda Bolton-Weiser - D.A. Davidson
Stephen Laszczyk - Goldman Sachs
Jason Haas - Bank of America
Fred Wightman - Wolfe Research
Operator
Good afternoon, my name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mattel Incorporated First Quarter 2023 Earnings Conference Call. [Operator Instructions] After the speakers’ there will be a question-and-answer session. [Operator Instructions]
Thank you. Mr. David Zbojniewicz, Vice President of Investor Relations, you may begin your conference.
David Zbojniewicz
Thank you, operator, and good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel's Chairman and Chief Executive Officer; Richard Dickson, Mattel's President and Chief Operating Officer; and Anthony DiSilvestro, Mattel's Chief Financial Officer.
As you know, this afternoon we reported Mattel's 2023 first quarter 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 Ynon, Richard, and Anthony to take questions. To 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.