Solo Brands, Inc. (NYSE:DTC) Q4 2023 Earnings Call Transcript March 14, 2024 8:30 AM ET

Company Participants

Bruce Williams - MD, ICR

Chris Metz - CEO

Laura Coffey - CFO

Conference Call Participants

Randy Konik - Jefferies

Ryan Sigdahl - Craig-Hallum

Chasen Bender - Citi

Anna Glaessgen - B. Riley

Brian McNamara - Canaccord Genuity

Operator

Hello everyone and welcome to Solo Brands Incorporated Fourth Quarter and Fiscal 2023 Financial Results. My name is Emily and I'll be facilitating your call today. [Operator Instructions] I will now turn the call over to our host, Bruce Williams, Managing Director at ICR. Please go ahead, Bruce.

Bruce Williams

Good morning, everyone, and thank you for joining the call to discuss Solo Brand's fourth quarter results, which we released this morning and can be found on the Investor Relations section of our website at investors.solobrands.com. Today's call will be hosted by Chief Executive Officer, Chris Metz, and Chief Financial Officer, Laura Coffey.

Before we get started, I want to remind everyone that management's remarks on this call may contain forward-looking statements within the meaning of the Private Security Litigation Reform Act of 1995 that are based on current management expectations. These may include without limitation, predictions, expectations, targets, or estimates, including regarding our anticipated financial performance, business plans, and objectives. Future events and developments and actual results could differ materially from those mentioned. These forward-looking statements also 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, among others, are discussed in our filings with the SEC. We encourage you to review these filings for a discussion of these risks, including our soon-to-be-filed annual report on Form 10-K, and will be available on the Investors portion of our website at investors.solobrands.com. You should not place undue reliance on these forward-looking statements. These statements are made only as of today and we undertake no obligation to update or revise them for any new information except as required by law.

This call will also contain certain non-GAAP financial measures including net income as adjusted, diluted earnings per share as adjusted, gross margin as adjusted, adjusted EBITDA and adjusted EBITDA margin, which we believe are useful supplemental measures that assist in evaluating our ability to generate earnings, provide consistency and comparability with our past performance, and facilitate period-to-period comparisons of our core operating results and the results of peer companies. Reconciliation of these non-GAAP measures to the most comparable GAAP measures and definitions of these indicators are included in our earnings release, which will be available to our investors portion of our website at investors.solobrands.com.