Redwood Trust, Inc. (NYSE:RWT) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET

Company Participants

Kaitlyn Mauritz - Senior Vice President, Investor Relations
Chris Abate - Chief Executive Officer
Dash Robinson - President
Brooke Carillo - Chief Financial Officer

Conference Call Participants

Rick Shane - JPMorgan
Bose George - KBW
Doug Harter - UBS
Crispin Love - Piper Sandler
Don Fandetti - Wells Fargo
Stephen Laws - Raymond James
Eric Hagen - BTIG
Steve Delaney - Citizens JMP
Kyle Joseph - Jefferies

Operator

Good afternoon and welcome to the Redwood Trust Inc. First Quarter 2024 financial results conference call. Today's conference is being recorded.

I'll now turn the call over to Kaitlyn Mauritz, Redwood's Senior Vice President of Investor Relations. Please go ahead.

Kaitlyn Mauritz

Thank you, operator. Hello everyone and thank you for joining us today for our first quarter 2024 earnings conference call.

With me on today's call are Chris Abate, Chief Executive Officer; Dash Robinson, President; and Brooke Carillo, Chief Financial Officer.

Before we begin, I want to remind you that certain statements made during management's presentation today with respect to future financial and business performance may constitute forward-looking statements. Forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual results to differ materially.

We encourage you to read the company's annual report on Form 10-K, which provides a description of some of the factors that could have a material impact on the company's performance and could cause actual results to differ from those that may be expressed in forward-looking statements.

On this call, we may also refer to both GAAP and non-GAAP financial measures. The non-GAAP financial measures provided should not be utilized in isolation or considered as a substitute for measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial measures are provided in our third quarter Redwood review available on our website, redwoodtrust.com.

Also note that the content of today's conference call contains time-sensitive information that are accurate only as of today. We do not intend and undertake no obligation to update this information to reflect subsequent events or circumstances. Finally, today's call is being recorded and will be available on our website later today.

I'll now turn the call over to Chris for opening remarks.

Chris Abate

Thanks Kate. In February, we delivered our fourth quarter commentary where our focus was on actions we took in 2023 to lay the groundwork for a long-term positioning. These actions occurred in the midst of one of the worst housing finance markets in decades.