Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET
Company Participants
Jeff Lipson - President, Chief Executive Officer
Marc Pangburn - Chief Financial Officer
Neha Gaddam - Senior Director of Investor Relations, Corporate Finance
Conference Call Participants
Noah Kaye - Oppenheimer
Cameron Lochridge - Bank of America
Chris Souther - B. Riley
Jeff Rossetti - Cowen
Operator
Greetings! And welcome to the HASI’s First Quarter Earnings Conference Call and Webcast. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Neha Gaddam, Senior Director of Investor Relations and Corporate Finance.
Neha Gaddam
Thank you, operator. Good afternoon everyone and welcome. Earlier this afternoon HASI distributed a press release detailing our first quarter 2023 results. A copy of which is available on our website. This conference call is being webcast live on our Investor Relations' page of the website, where a replay will be available later today.
Some of the comments made in this call are forward-looking statements, which are subject to the risks and uncertainties described in the risk factors section of the company's Form 10-K and other filings with the SEC. Actual results may differ materially from those stated and today's discussions also included some non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is available on our posted earnings release and slide presentation.
Joining me on today's call are Jeff Lipson, the company's President and CEO; Marc Pangburn, CFO. Now I’d like to turn the call over to Jeff, who would began on Slide 3. Jeff.
Jeff Lipson
Thank you, Neha and good afternoon everyone. First, I'm pleased to report that the leadership transition we announced last quarter has been smooth and successful, and I'd like to thank Jeff Eckel, our Board of Directors, my colleagues, as well as our clients and shareholders for providing their support of Marc and me during this transition.
I'll note we've had two significant milestones in the last two months. Number one, our first Investor Day, which occurred on March 21. And number two, we rang the closing bell at the New York Stock Exchange on April 13, commemorating the 10th Anniversary of our IPO.
As we begin our second decade as a public company, I want to begin with an assessment of the long-term trajectory of our business. Our business is as strong, if not stronger than ever. During the first 10 years as a public company, we've built a managed asset balance of over $10 billion and achieved annual average growth of 11%, and earnings and a total shareholder return in excess of 15% per year, which was well above the S&P 500 over the same period.