PRA Group, Inc. (NASDAQ:PRAA) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET
Company Participants
Najim Mostamand - VP, IR
Vik Atal - President and CEO
Pete Graham - EVP and CFO
Conference Call Participants
Bob Napoli - William Blair
Robert Dodd - Raymond James
Mark Hughes - Truist
David Scharf - JMP Securities
Operator
Good evening, and welcome to the PRA Group's First Quarter 2023 Conference Call. All participants will be in a listen-only mode for the duration of the call. [Operator Instructions] Please also note that this event is being recorded today.
I would now like to turn the call over to Mr. Najim Mostamand, Vice President, Investor Relations for PRA Group. Please go ahead, sir.
Najim Mostamand
Thank you. Good evening, everyone, and thank you for joining us. With me today are Vik Atal, President and Chief Executive Officer; and Pete Graham, Executive Vice President and Chief Financial Officer.
We will make forward-looking statements during the call, which are based on management's current beliefs, projections, assumptions and expectations. We assume no obligation to revise or update these statements. We caution listeners that these forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause our actual results to differ materially from our expectations. Please refer to the earnings press release and our SEC filings for a detailed discussion of these factors. The earnings release, the slide presentation that we will use during today's call and our SEC filings can all be found in the Investor Relations section of our website at www.pragroup.com.
Additionally, a replay of this call will be available shortly after its conclusion, and the replay dial-in information is included in the earnings press release. All comparisons mentioned today will be between Q1 2023 and Q1 2022, unless otherwise noted, and our Americas results include Australia. During our call, we will discuss adjusted EBITDA and debt-to-adjusted EBITDA for the 12 months ended March 31, 2023, and December 31, 2022. Please refer to today's earnings release and the appendix of the slide presentation used during this call for a reconciliation of the most directly comparable US GAAP financial measures to these non-GAAP financial measures.
And with that, I'd now like to turn the call over to Vik Atal, our President and Chief Executive Officer.
Vik Atal
Thank you, Najim, and thank you, everyone, for joining us this evening. It's a pleasure to be hosting my first earnings conference call as PRA's new President and Chief Executive Officer. Over the past 27 years, Steve Fredrickson and Kevin Stevenson led PRA from its inception to becoming one of the leaders in our industry. I stepped into their shoes with humility and deep respect for all that they have accomplished. And I extend my deepest gratitude for the wisdom and insights they have shared to prepare me for this journey.