Call Start: 17:00 January 1, 0000 6:01 PM ET
Mattel, Inc. (NASDAQ:MAT)
Q3 2023 Earnings Conference Call
October 25, 2023 17:00 ET
Company Participants
David Zbojniewicz - Head of Investor Relations
Ynon Kreiz - Chairman & Chief Executive Officer
Anthony DiSilvestro - Chief Financial Officer
Conference Call Participants
Arpine Kocharyan - UBS
Stephen Laszczyk - Goldman Sachs
James Hardiman - Citi
Linda Bolton-Weiser - D.A. Davidson
Drew Crum - Stifel
Eric Handler - ROTH MKM
Chris Horvers - JPMorgan
Jason Haas - Bank of America
Operator
Good afternoon. My name is Emma and I will be your conference operator today. At this time, I would like to welcome everyone to the Mattel Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Thank you.
David Zbojniewicz, Vice President 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; and Anthony DiSilvestro, Mattel's Chief Financial Officer. As you know, this afternoon, we reported Mattel's 2023 third 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 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 buildings 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. The preliminary financial results included in the press release and slide presentation represent the most current information available to management. The company's actual results when disclosed in its Form 10-Q made from these preliminary results as a result of the completion of the company's financial closing procedures, final adjustments, completion of the review by the company's independent registered public accounting firm and other developments that may arise between now and the disclosure of the final results.