Oxford Industries, Inc. (NYSE:OXM) Q4 2023 Earnings Conference Call March 28, 2024 4:30 PM ET

Corporate Participants

Brian Smith - Investor Relations
Tom Chubb - Chairman, President and Chief Executive Officer
Scott Grassmyer - Executive Vice President, Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Janine Stichter - BTIG
Mauricio Serna - UBS
Ashley Owens - KeyBanc Capital Markets

Operator

Good day and welcome to the Oxford Industries, Inc., Fourth Quarter, Fiscal 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]

After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brian Smith. Please go ahead.

Brian Smith

Thank you, and good afternoon. Before we begin, I would like to remind participants that certain statements made on today's call and in the Q&A session may constitute forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements are not guarantees and actual results may differ materially from those expressed or implied in the forward-looking statements.

Important factors that could cause actual results of operations or our financial condition to differ are discussed in our press release issued earlier today and in documents filed by us with the SEC, including the risk factors contained in our Form 10-K. We undertake no duty to update any forward-looking statements.

During this call, we will be discussing certain non-GAAP financial measures. You can find a reconciliation of non-GAAP to GAAP financial measures in our press release issued earlier today, which is posted under the Investor Relations tab of our website at oxfordinc.com.

And now I'd like to introduce today's call participants. With me today are Tom Chubb, Chairman and CEO, and Scott Grassmyer, CFO and COO.

Thank you for your attention, and now I'd like to turn the call over to Tom Chubb.

Tom Chubb

Good afternoon and thank you for joining us. We are pleased with our results for fiscal 2023, which represent the second-strongest annual earnings in our 82-year history. The conclusion of FY'23 also caps the end of a five-year period during which we delivered compound annual adjusted EPS growth exceeding 18%.

In addition, we generated strong cash flow from operations of $244 million in fiscal 2023, allowing us to invest in both organic growth and acquisitions, return capital to our shareholders via our quarterly dividend and opportunistic share repurchases, and pay down almost all our outstanding debt.