JAKKS Pacific, Inc. (NASDAQ:JAKK) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET
Company Participants
Stephen Berman - Chairman and Chief Executive Officer
John Kimble - Chief Financial Officer
Conference Call Participants
Eric Beder - Small Cap Consumer Research
Operator
Good afternoon, everyone. Welcome to the JAKKS Pacific's Second Quarter 2024 Earnings Conference Call with management, who will review the financial results for the first quarter ended June 30, 2024.
JAKKS issued its earnings press release earlier today. The earnings release and presentation slides for today's call are available on the company's website in the Investor Section.
On the call this afternoon are Stephen Berman, Chairman and Chief Executive Officer; and John Kimble, Chief Financial Officer. Stephen will first provide an overview of the quarter along with highlights of product lines and current business trends. Then John will provide some additional editorial around JAKKS Pacific's financial and operational results. Mr. Berman will then return with additional comments and some closing remarks prior to opening up the call for questions. Your lines will be placed on mute for the first portion of the call. [Operator Instructions]
Before we begin, the company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including estimates of sales, margins and/or adjusted EBITDA in 2024, as well as any other forward-looking statements concerning 2024 and beyond are subject to Safe Harbor protection under federal securities laws. These statements reflect the company's best judgment based on current market trends and conditions today and are subject to certain risk and uncertainties which could cause actual results to differ materially from those projected in forward-looking statements. For details concerning these and other such risk and uncertainties, you should consult JAKKS' most recent 10-K and 10-Q filings with the SEC, as well as the company's other reports subsequently filed with the SEC from time to time.
In addition, today's comments by management will refer to non-GAAP financial measures, such as adjusted EBITDA and adjusted earnings per share. Unless stated otherwise, the most directly comparable GAAP financial metric has been reconciled to the associated non-GAAP financial measure within the company's earnings press release issued today or previously. As a reminder, this conference is being recorded.
With that, I'd like to turn the call over to Mr. Stephen Berman.
Stephen Berman
Good afternoon and thank you for joining our call today. We are happy to share our current results after another constructive quarter. We continue to proactively engage retailers and licensors about new ideas to grow our mutual businesses, and we continue to work internally revisiting and refining the way we do business to ensure we are maximizing margins and sales as the increasing complexity of our global business merits. I feel confident that we are doing all the correct things today, and looking toward the future that will both help us achieve our plans for this year, as well as regenerate long-term value as we look ahead to 2025, and even 2026.