Newell Brands Inc.

Good morning, and welcome to Newell Brands' first quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. After a brief discussion by management, we will open up the call for questions. In order to stay within the time scheduled for the call, please limit yourself to one question during the Q&A session. As a reminder, today's conference call is being recorded. A live webcast of this call is available at ir.newellbrands.com. I will now turn the call over to Sophia Senes, Vice President of Investor Relations. Ms. Senes, you may begin.

Thank you. Good morning, everyone. Welcome to Neal Brand's first quarter earnings call. On the call with me today are Ravi Salligram, our CEO, Chris Peterson, our President, and Mark Ercik, our CFO. Before we begin, I'd like to inform you that during the course of today's call, we'll be making forward-looking statements which involve risks and uncertainties. Actual results and outcomes may differ materially, and we undertake no obligation to update forward-looking statements. I refer you to the cautionary language and risk factors available in our earnings release, our Form 10-K, Form 10-Q, and other SEC filings available on our Investor Relations website for a further discussion of the factors affecting forward-looking statements. Please also recognize that today's remarks will refer to certain non-GAAP financial measures, including those referred to as normalized measures. We believe these non-GAAP measures are useful to investors, although they should not be considered superior to the measures presented in accordance with GAAP. Explanations of these non-GAAP measures and available reconciliations between GAAP and non-GAAP measures can be found in today's earnings release and tables that were furnished to the SEC. Thank you, and now I'll turn the call over to Ravi.

Thank you, Sophia. Good morning, everyone, and welcome to our first quarter call. I'll keep my remarks brief as Chris and Mark will take you through our results and outlook for the balance of the year. This is my last earnings call with Neobrands. As many of you know, in February, we announced that I'll be retiring on May 16th, and Chris will take over as the next CEO of the company. This is a historic event for us, as Chris will be the first internal CEO successor in Newell's recent history. In fact, in the last two decades. And it's a testament to a well thought out, well planned succession planning process. Over the past several months, I've partnered closely with Chris to ensure a seamless, smooth and orderly transition as well as a successful execution of Project Phoenix. I've also spent time in our international markets, and I'm encouraged by the long-term opportunities for our key brands. I'm confident that Chris, along with the world-class management team we've assembled over the past couple of years, will get us through this difficult environment and take you to the next level. While the macro environment has put considerable pressure on our business, I'm optimistic about the future of Newell Brands. Over the past several years, we've come together as one Newell, but we are still in the early stages of truly leveraging the scale of the company. We have a strong, world-class executive leadership team with great brands that consumers love. We have built e-commerce and omni-channel pros. We have excellent customer relationships and are reigniting the processes and passion to drive meaningful innovation. Our team has done a superb job on systematically reducing complexity, and we are gaining momentum on driving operational excellence through Project ABED and automation. Our talented employees are our number one asset, and we are grateful for their continued efforts, resilience, and dedication, as well as their support and execution of the change agenda we've implemented as part of Project Phoenix. Phoenix is not just about efficiency and cost savings. It is truly a new operating model. I'd like to thank our employees for their trust in me and thank the entire leadership team. It has been a distinct honor and privilege to lead the company over the last several years. I'm confident that our best days are truly ahead of us, onwards and upwards, and I now turn over to Chris.