Solo Brands, Inc. (NYSE:DTC) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET

Company Participants

Bruce Williams - ICR, IR

John Merris - Chief Executive Officer

Somer Webb - Chief Financial Officer

Conference Call Participants

Robby Ohmes - Bank of America

Peter Keith - Piper Sandler

Randy Konik - Jefferies

Chris Horvers - JPMorgan

Ryan Sundby - William Blair

Chasen Bender - Citi

Operator

Good morning. Welcome to the Solo Brands, Inc. Third Quarter Fiscal 2022 Financial Results Call. My name is Jaquita. I will be the moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity to questions-and-answers at the end. [Operator Instructions]

I would now like to pass the conference over to your host, Bruce Williams. Bruce, please go ahead.

Bruce Williams

Thank you, Operator. Good morning, everyone. And thank you for joining the call to discuss Solo Brands’ third quarter results, which we released this morning and can be found on the Investor Relations section of our website in investors.solobrands.com.

Today’s call will be hosted by Chief Executive Officer, John Merris; and Chief Financial Officer, Somer Webb.

Before we get started, I want to remind everyone that statements made on this call and the earnings release contains statements regarding our financial outlook, business plans and objectives and other future events and developments, including statements about the market potential of our products, anticipated financial performance and our goals and strategies that are forward-looking statements under the federal securities laws.

These forward-looking statements now involve substantial risks and uncertainties, some of which may be outside of our control and that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include those described in the company’s earnings release and other filings with the SEC speak only as of today’s date.

In addition, our discussion today includes references to certain supplemental non-GAAP financial measures, including net income as adjusted, diluted earnings per share as adjusted, adjusted gross profit, adjusted gross margin, adjusted EBITDA and adjusted EBITDA margin, which should be considered in addition to and not as a substitute for our GAAP results.

We use these non-GAAP measures in evaluating our ability to generate earnings, provide consistency and comparability with our past performance and facilitate a period-to-period comparison of our core operating results.

Reconciliation of these non-GAAP measures to the most comparable GAAP measures and definition of the referenced non-GAAP measures are included in our earnings release, in our filings with the SEC, which are available on the Investors portion of our website at investors.solobrands.com.\