Rithm Capital Corp. (NYSE:RITM) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET

Company Participants

Emma Bolla - Associate General Counsel

Michael Nierenberg - Chairman, Chief Executive Officer and President

Baron Silverstein - President, Newrez

Nick Santoro - Chief Financial Officer and Chief Accounting Officer

Conference Call Participants

Bose George - KBW

Eric Hagen - BTIG

Douglas Harter - UBS

Kevin Barker - Piper Sandler

Stephen Laws - Raymond James

Jay McCanless - Wedbush

Giuliano Bologna - Compass Point

Jason Weaver - Jones Trading

Trevor Cranston - JMP Securities

Operator

Good morning and welcome to the Rithm Capital Fourth Quarter and Full Year 2023 Earnings Call. All participants will be in listen-only mode. [Operator Instruction] After today's presentation, there will be an opportunity to ask questions. [Operator Instruction] Please note this event is being recorded.

I would now like to turn the conference over to Emma Bolla, Associate General Counsel. Please go ahead.

Emma Bolla

Thank you and good morning everyone. I would like to thank you for joining us today for Rithm Capital's fourth quarter and full year 2023 earnings call.

Joining me today are Michael Nierenberg, Chairman, CEO and President of Rithm Capital; and Nick Santoro, Chief Financial Officer of Rithm Capital. Throughout the call, we are going to reference the earnings supplement that was posted this morning to the Rithm Capital website www.rithmcap.com. If you've not already done so, I'd encourage you to download the presentation now.

I would like to point out that certain statements made today will be forward-looking statements. These statements, by their nature, are uncertain and may differ materially from actual results. I encourage you to review the disclaimers in our press release and earnings supplement regarding forward-looking statements and to review the risk factors contained in our annual and quarterly reports filed with the SEC.

In addition, we will be discussing some non-GAAP financial measures during today's call. Reconciliations of these measures to the most directly comparable GAAP measures can be found in our earnings supplement.

And with that I will turn the call over to Michael.

Michael Nierenberg

Thanks, Emma. Good morning, everyone. Thanks for joining our call today. As we report our fourth quarter and full year earnings, another, what I would say a very solid quarter and a very good year consistent with earnings across all of our business lines.

As we began 2023, we set out on a path to pivot our business to become more of an alternative asset manager, while maintaining the very same discipline that got us here in asset classes and the operating companies that we own.