Ocwen Financial Corporation (NYSE:OCN) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET
Company Participants
Dico Akseraylian - SVP, Communications
Glen Messina - CEO, President and Chair of the Board
Sean O’Neil - EVP and CFO
Conference Call Participants
Eric Hagen - BTIG
Mike Schafer - B. Riley Securities
Derek Sommers - Jefferies
Howard Amster - Ramat Securities
Operator
Welcome to the Ocwen Financial Corporation Second Quarter Earnings and Business Update Conference Call. At this time, all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session.
I will now turn the call over to your host, Dico Akseraylian, Senior Vice President, Corporate Communications. Mr. Akseraylian, you may begin.
Dico Akseraylian
Good morning and thank you for joining us for Ocwen’s second quarter 2023 earnings call. Please note that our earnings release and slide presentation are available on our website. Speaking on the call will be Ocwen’s Chair and Chief Executive Officer, Glen Messina; and Chief Financial Officer, Sean O’Neil.
As a reminder, the presentation and our comments today may contain forward-looking statements made pursuant to the Safe Harbor provisions of the Federal Securities laws. These forward-looking statements may be identified by reference to a future period or by use of forward-looking terminology and address matters that are at different degrees uncertain. You should bear this uncertainty in mind and should not place undue reliance on such statements.
Forward-looking statements, which speak only as of the date they are made, involve assumptions, risks, and uncertainties, including the risks and uncertainties described in our SEC filings. In the past, actual results have differed materially from those suggested by forward-looking statements, and this may happen again.
In addition, the presentation and our comments contain reference to non-GAAP financial measures, such as adjusted pre-tax income, among others. We believe these non-GAAP financial measures provide a useful supplement to discussions and analysis of our financial condition because they are measures that management uses to assess the financial performance of our operations and allocate resources.
Non-GAAP financial measures should be viewed in addition to and not as an alternative for the company’s reported results. A reconciliation of the non-GAAP measures used in this presentation to their most directly comparable GAAP measures as well as management's view on why these measures may be useful to investors may be found in the press release and the appendix of the investor presentation.