Howard Lorber | President and Chief Executive Officer |
Ron Bernstein | President and Chief Executive Officer-Liggett |
Bryant Kirkland | Chief Financial Officer |
Jacqueline Crawford | Jefferies |
Christian Hoffmann | Thornburg |
Robert Sullivan | MidOcean |
Mitchell Pindus | Wells Fargo |
Welcome to Vector Group Limited Fourth Quarter and Full Year 2018 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 not 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 have 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.