NETGEAR, Inc. (NASDAQ:NTGR) Q4 2023 Earnings Conference Call February 7, 2024 5:00 PM ET

Company Participants

Erik Bylin - Investor Relations

Bryan Murray - Chief Financial Officer

Charles Prober - Chief Executive Officer

David Henry - President and General Manager of Connected Home Products & Services

Conference Call Participants

Jake Norrison - Raymond James

Hamed Khorsand - BWS Financial

Operator

Ladies and gentlemen, thank you for standing by. [Operator Instructions] I would now like to turn the conference over to Erik Bylin. Please go ahead, sir.

Erik Bylin

Thank you, Eric. Good afternoon and welcome to NETGEAR's Fourth Quarter and Full Year 2023 Financial Results Conference Call. Joining us from the company are Mr. C.J. Prober, CEO; Mr. Bryan Murray, CFO; and Mr. David Henry, President and General Manager of Connected Home Products and Services. The format of the call; we'll start with an overview of the company's recent leadership condition provided by Bryan, followed by an introduction by C.J. and finish a review of the financials for the fourth quarter and full year commentary on the business and first quarter of 2024 guidance provided by Bryan. We'll then have time for any questions. If you've not received a copy of today's release, please visit NETGEAR's Investor Relations website at www.netgear.com.

Before we begin the formal remarks, we advise you that today's conference call contains forward-looking statements. Forward-looking statements include statements regarding expected revenue, operating margins, tax expense, expenses and future business outlook. Actual results or trends could differ materially from those contemplated by these forward-looking statements. For more information, please refer to the risk factors discussed in NETGEAR's periodic filings with the SEC, including the most recent Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today and NETGEAR undertakes no obligation to update these statements as a result of new information or future events. In addition, several non-GAAP financial measures will be mentioned on this call. A reconciliation of the non-GAAP to GAAP measures can be found in today's press release on our Investor Relations website.

At this time, I would now turn the call over to Mr. Bryan Murray.

Bryan Murray

Thank you, Erik and thank you, everyone, for joining today's call. As we announced last week, after nearly 3 decades at the helm, Patrick Lo has chosen to retire from his role as CEO and Chairman at NETGEAR. Patrick will serve as a strategic adviser through July of this year to ensure a smooth transition. Well, Patrick will certainly be missed. We're very excited to see him embark on his next chapter in life.