Howard Lorber | President and Chief Executive Officer |
Ron Bernstein | President and Chief Executive Officer of Liggett Vector Brands and Liggett |
Bryant Kirkland | Chief Financial Officer |
Dave Cook | Wells Fargo |
Karru Martinson | Jefferies |
Welcome to Vector Group Limited Third Quarter 2017 Earnings Conference Call.
During this call, the terms adjusted operating income, adjusted net income, adjusted EBITDA and tobacco adjusted operating income will be used. These terms are non-GAAP financial measures and should be considered in addition to, but not as a substitute for, other measures of financial performance prepared in accordance with GAAP. Reconciliations to adjusted operating income, adjusted net income, adjusted EBITDA and tobacco adjusted operating income are contained in the Company’s earnings release, which has been posted to the Investor Relations section of the Company’s Web site located at www.vectorgroupltd.com.
Before the call begins, I would like to read a Safe Harbor statement.