Howard Lorber | President & CEO |
Richard Lampen | COO |
Bryant Kirkland | CFO |
Nick Anson | President & COO, Liggett Vector Brands LLC |
Ron Bernstein | Senior Advisor, Liggett Vector Brands |
Oliver Grossman | Jefferies |
Mandeep Sangha | Barclays Capital |
David Levine | MidOcean Credit Partners |
Welcome to Vector Group Limited Second Quarter 2021 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 have been posted to the Investor Relations section of the company's website, located at www.vectorgroupltd.com.
Before we begin, I'd like to read a Safe Harbor statement.