Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Q1 2024 Earnings Conference Call May 10, 2023 10:00 AM ET

Company Participants

Diego Jalon - Head of IR
Sergio Faifman - CEO
Marcos Gradin - CFO

Conference Call Participants

Alejandra Obregon - Alejandra Obregon
Pedro Maulhardt - Latin Securities
Daniel Rojas - Bank of America

Operator

Good morning, and welcome to the Loma Negra, First Quarter 2024 Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Also, Mr. Sergio Faifman will be responding in Spanish immediately following an English translation. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mr. Diego Jalon, Head of IR. Please Diego, go ahead.

Diego Jalon

Thank you. Good morning, and welcome to Loma Negra's earnings conference call. By now, everyone should have access to our earnings press release and the presentation for today's call, both of which were distributed yesterday after market close. Joining me on the call this morning will be Sergio Faifman, our CEO and Vice President of the Board of Directors, and our CFO, Marcos Gradin. Both of them will be available for the Q&A session.

Before we proceed, I would like to make the following safe harbor statements. Today's call will contain forward-looking statements, and I refer you to the forward-looking statement section of our earnings release and recent filing with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances.

This conference call will also include discussion on non-GAAP financial measures. The full reconciliation of the corresponding financial measures is included in the earnings press release.

Now, I would like to turn the call over to Sergio.

Sergio Faifman

Thank you, Diego. Hello everyone, and thank you for joining us this morning. I would like to start my presentation by discussing the highlights of the quarter. Then, Marcos will take you over market review and financial results. Following that, I will share some final remarks before opening the call to your questions.

Starting with Slide 2, we're starting a year full of new challenges, and it is my pleasure to present the highlights of the quarter, which was marked by a significant drop in activity level, I mean the follow-up of the stabilization plan carried out by the Milei administration. In a short time, the new government has achieved some hopeful accomplishment such as reducing inflation and achieving fiscal surplus.