Mattel (MAT) Q2 2018 Results - Earnings Call Transcript

Jul. 26, 2018 12:07 AM ETMattel, Inc. (MAT)1 Comment
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Mattel, Inc. (NASDAQ:MAT) Q2 2018 Earnings Call July 25, 2018 5:00 PM ET

Executives

Whitney Steininger - Mattel, Inc.

Ynon Kreiz - Mattel, Inc.

Joseph J. Euteneuer - Mattel, Inc.

Richard L. Dickson - Mattel, Inc.

Analysts

Michael Ng - Goldman Sachs & Co. LLC

Timothy Andrew Conder - Wells Fargo Securities LLC

Arpiné Kocharyan - UBS Securities LLC

Felicia Hendrix - Barclays Capital, Inc.

Susan Anderson - B. Riley FBR, Inc.

Gregory Robert Badishkanian - Citigroup Global Markets, Inc.

Operator

Good day, ladies and gentlemen. Welcome to the Mattel Incorporated Second Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Instructions will be given at that time. As a reminder, this conference call is being recorded.

I would now like to introduce your host for today's call, Whitney Steininger. Ms. Steininger, you may begin.

Whitney Steininger - Mattel, Inc.

Thank you, operator. And good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel's Chairman and Chief Executive Officer; Richard Dickson, Mattel's President and Chief Operating Officer; and Joe Euteneuer, Mattel's Chief Financial Officer.

As you know, this afternoon, we reported Mattel's 2018 second quarter financial results. We will begin today's call with Ynon and Joe providing commentary on our results. And then we will provide time for Ynon, Richard and Joe to take your questions.

To help guide our discussion today, we have provided you with a slide presentation. Our discussion and our slide presentation will reference non-GAAP financial measures such as gross sales; adjusted net sales; adjusted gross profit and adjusted gross margin; adjusted other and selling and administrative expenses; adjusted operating income or loss; adjusted earnings or loss per share; earnings before interest, depreciation and amortization or EBITDA; adjusted EBITDA and constant currency.

Our

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