Altria Group, Inc. (NYSE:MO) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET
Company Participants
Mac Livingston - Vice President, Investor Relations
Billy Gifford - Chief Executive Officer
Sal Mancuso - Executive Vice President and Chief Financial Officer
Conference Call Participants
Pamela Kaufman - Morgan Stanley
Bonnie Herzog - Goldman Sachs
Andrei Condrea - UBS
Vivien Azer - TD Cowen
Owen Bennett - Jefferies
Matthew Smith - Stifel
Gaurav Jain - Barclays
Steven Marascia - Capital Securities Management
Jacob De Klerk - Redburn Atlantic
Operator
Good day everyone, and welcome to the Altria Group 2023 Third Quarter and Nine Months Earnings Conference Call. Today’s call is scheduled to last about one hour, including remarks by Altria’s management and a question-and-answer session. [Operator Instructions] Representatives of the investment community and media on the call will be able to ask questions following the conclusion of the prepared remarks.
I would now like to turn the call over to Mac Livingston, Vice President of Investor Relations for Altria Client Services. Please go ahead.
Mac Livingston
Thanks Ashley. Good morning and thank you for joining us. This morning, Billy Gifford, Altria’s CEO; and Sal Mancuso, our CFO, will discuss Altria’s third quarter and first nine months business results.
Earlier today, we issued a press release providing our results. The release, presentation, quarterly metrics and our latest corporate responsibility reports are all available at altria.com. During our call today, unless otherwise stated, we’re comparing results to the same period in 2022.
Our remarks contain forward-looking and cautionary statements and projections of future results. Please review the forward-looking and cautionary statements section at the end of today’s earnings release for various factors that could cause actual results to differ materially from projections. Future dividend payments and share repurchases remain subject to the discretion of our Board.
We report our financial results in accordance with U.S. generally accepted accounting principles. Today’s call will contain various operating results on both, a reported and adjusted basis. Adjusted results exclude special items that affect comparisons with reported results. Descriptions of these non-GAAP financial measures and the reconciliations are included in today’s earnings release and on our website at altria.com.
Finally, all references in today’s remarks to tobacco consumers or consumers within a specific tobacco category or segment refer to existing adult tobacco consumers 21 years of age or older.
With that, I’ll turn the call over to Billy.