Overseas Shipholding Group, Inc. (NYSE:OSG) Q1 2023 Earnings Conference Call May 8, 2023 9:30 AM ET

Company Participants

Sam Norton - President and Chief Executive Officer

Dick Trueblood - Chief Financial Officer

Conference Call Participants

Ryan Vaughan - Needham and Company

Climent Molins - Value Investor's

Operator

Good morning. Thank you for attending today's Overseas Shipholding Group Inc., First Quarter 2023 Earnings Release Conference Call. My name is [Francis] [ph], and I'll be your moderator today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host, Sam Norton, President and CEO of Overseas Shipholding Group.

Sam Norton

Thank you. Francis. Welcome, and thank you for listening in on this presentation of our financial results for the first quarter of 2023 and for allowing us to provide commentary on those results and additional color as to the current state of our business and opportunities and challenges that lie ahead. As usual, I am joined in this presentation by our CFO, Dick Trueblood.

To start, I would like to direct everyone to the narrative on Pages 2 and 3 of the PowerPoint presentation, available on our website regarding forward looking statements, estimates, and other information that may be provided during the course of this call. The contents of that narrative are an important part of this presentation, and I urge everyone to read and consider them carefully.

We will be offering you more than just an historical perspective on OSG today, and our presentation includes forward-looking statements, including statements about anticipated future results. These statements are subject to uncertainties and risks. Actual results may differ materially from those contemplated by our forward-looking statements and could be affected by a variety of risk factors, including factors beyond our control.

For a discussion of these factors, we refer you to our SEC filings, particularly our Form 10-Q for the first quarter of 2023, which we anticipate filing later today, and our Form 10-K, both of which can be found at the SEC's internet site www.sec.gov, as well as our own website, www.osg.com. Forward-looking statements in this presentation speak only as of today and we do not assume any obligation to update any forward-looking statements except as may be legally required.

In addition, our presentation today includes non-GAAP financial measures, which we define and reconcile to the most closely comparable GAAP measures in our earnings release, which is also posted on our website. The year has started well at OSG with all asset categories achieving financial results at or above expectations.