Overseas Shipholding Group, Inc. (NYSE:OSG) Q2 2022 Results Conference Call August 8, 2022 9:30 AM ET

Company Participants

Sam Norton - President & Chief Executive Officer

Dick Trueblood - Vice President & Chief Financial Officer

Conference Call Participants

Ryan Vaughan - Needham

John Konrad - gCaptain

Operator

Hello, and welcome to the Overseas Shipholding Group Second Quarter 2022 Results Conference Call. My name is Katie and I will be your coordinate your call today. [Operator Instructions]

I'll now hand over to our host Sam Norton, President and Chief Executive Officer of Overseas Shipholding Group to begin. Sam, please go ahead.

Sam Norton

Thank you, Katie. Good morning. And thank you all for joining Dick Trueblood and me on this call for the presentation of our 2022 second quarter results, and for allowing us to offer additional commentary and insight into the current state of our business and the opportunities and challenges that lie ahead.

To start, I would like to direct everyone to the narratives 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 historical perspective on OSG today and our presentation include 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 Form 10-Q for the second quarter of 2022, which we anticipate being filed later today and will be available at the SEC's Internet website, www.sec.gov as well as at our own website, www.osg.com. Forward-looking statements in this presentation speak only as of the date of these materials and we do not assume any obligations to update any forward-looking statements, except as may be legally required.

In addition, our presentation today includes certain non-GAAP financial measures which we define and reconcile to the most closely comparable to GAAP measures in our earnings release, which is posted on our website. It is gratifying to have released this morning financial results indicating that the long shadow of COVID induced demand destruction in our key market seems to have finally receded.