Mattel, Inc. (MAT) CEO Ynon Kreiz on Q1 2021 Results - Earnings Call Transcript

Mattel, Inc. (NASDAQ:MAT) Q1 2021 Earnings Conference Call April 22, 2021 5:00 PM ET

Corporate Participants

David Zbojniewicz - Vice President of Investor Relations
Ynon Kreiz - Chairman and Chief Executive Officer
Richard Dickson - President and Chief Operating Officer
Anthony DiSilvestro - Chief Financial Officer

Conference Call Participants

Arpine Kocharyan - UBS
Tami Zakaria - JPMorgan
Shawn Collins - Citigroup
Steph Wissink - Jefferies
Gerrick Johnson - BMO Capital Markets
Mike Ng - Goldman Sachs
Linda Bolton-Weiser - D.A. Davidson
Fred Wightman - Wolfe Research
Mary Ann - Bank of America
Jaime Katz - Morningstar

Operator

Thank you for standing by, and welcome to the Mattel's First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference maybe recorded. [Operator Instructions]

I would now like to hand the conference over to your host, Vice President, Investor, Dave Zbojniewicz. Sir, please go ahead.

David Zbojniewicz

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 Anthony DiSilvestro, Mattel's Chief Financial Officer.

As you know, this afternoon, we reported Mattel's 2020 first quarter financial results. We will begin today's call with Ynon and Anthony providing commentary on our results. After which, we will provide some time for Ynon, Richard and Anthony to take your questions.

To help supplement our discussion today, we have provided you with a slide presentation. Our discussion, slide presentation and earnings release reference non-GAAP financial measures, including adjusted gross profit and adjusted gross margin; adjusted other selling and administrative expenses; adjusted operating income and loss and adjusted operating income and loss margin; adjusted earnings and loss per share; earnings before interest, taxes, depreciation and amortization or