Howard Lorber | President and Chief Executive Officer |
Ron Bernstein | President and Chief Executive Officer, Liggett Vector Brands |
Bryant Kirkland | Chief Financial Officer |
Mark Zhang | Oppenheimer |
Jacqueline Crawford | Jefferies |
Ed Brucker | Barclays |
Mitch Pindus | Wells Fargo Private Bank |
Robert Sullivan | MidOcean Partners |
Welcome to Vector Group Limited Second Quarter 2019 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 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 in the Investor Relations section of the company’s website located at www.vectorgroupltd.com.
Before we begin, I would like to read a Safe Harbor statement.