Mattel, Inc. (MAT) CEO Ynon Kreiz on Q4 2021 Results - Earnings Call Transcript

Feb. 09, 2022 9:30 PM ETMattel, Inc. (MAT) Stock
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Q4: 2022-02-09 Earnings Summary

10-K
EPS of $0.53 beats by $0.22 | Revenue of $1.79B (10.40% Y/Y) beats by $137.18M

Mattel, Inc. (NASDAQ:MAT) Q4 2021 Earnings Conference Call February 9, 2022 5:00 PM ET

Company 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

Fred Whiteman - Wolfe Research
Arpine Kocharyan - UBS
Steph Wissink - Jefferies
Gerrick Johnson - BMO Capital Markets
Mike Ng - Goldman Sachs
Megan Alexander - JPMorgan
Drew Crum - Stifel
Alok Patel - Mattel

Operator

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

I'd now like to turn the call over to your speaker for today Dave Zbojniewicz. You may begin.

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 2021 full-year and fourth 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 may reference non-GAAP financial measures, including adjusted gross profit and adjusted gross margin, adjusted other selling and administrative expenses, adjusted operating income or loss and adjusted operating income or loss margin, adjusted earnings per share, from which we exclude the impact of a non-cash tax benefit associated with releasing valuation allowances

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