Howard Lorber | President and CEO |
Nick Anson | President and COO, Liggett Vector Brands |
Bryant Kirkland | CFO |
Ron Bernstein | Senior Advisor, Liggett Vector Brands |
Karru Martinson | Jefferies |
Gaurav Jain | Barclays |
Hale Holden | Barclays |
Mitch Pindus | Wells Fargo |
Welcome to Vector Group Limited Fourth Quarter 2020 Earnings Conference call.
During this call, the terms adjusted operating income, adjusted net income, adjusted EBITDA, 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 website located at www.vectorgroupltd.com.
Before the call begins, I'd like to read a Safe Harbor statement.