Ardmore Shipping Corporation (NYSE:ASC) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET

Company Participants

Anthony Gurnee - President, Chief Executive Officer
Bart Kelleher - Chief Financial Officer
Gernot Ruppelt - Senior Vice President and Chief Commercial Officer

Conference Call Participants

Jon Chappell - Evercore ISI
Omar Nokta - Jefferies
Ben Nolan - Stifel

Operator

Good morning, ladies and gentlemen, and welcome to Ardmore Shipping Second Quarter 2024 Earnings Conference Call.

Today’s call is being recorded, and an audio webcast and presentation are available in the Investor Relations section of the Company’s website, ardmoreshipping.com. We will conduct a question-and-answer session after the opening remarks. Instructions will follow at that time. A replay of their conference call will be accessible anytime during the next two weeks by dialing 1-888-660-6345 or 1-646-517-4150 and entering passcode 88347.

At this time, I will turn the call over to Anthony Gurnee, Chief Executive Officer of Ardmore Shipping.

Anthony Gurnee

Good morning, and welcome to Ardmore Shipping’s second quarter 2024 earnings call. First, let me ask our CFO, Bart Kelleher to discuss forward-looking statements.

Bart Kelleher

Thanks, Tony. Turning to Slide 2. Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause the actual results to differ materially from those in the forward-looking statements is contained in the second quarter 2024 earnings release, which is available on our website.

And now, I will turn the call back over to, Tony.

Anthony Gurnee

Thank you, Bart. So first, let me outline the format of today’s call. To begin with, I will discuss the upcoming leadership transition, which we announced earlier this month. Following this, Gernot Ruppelt, who will be taking over as CEO in September, will clarify what this means for Ardmore. He will then discuss our second quarter highlights, the near-term market outlook and our capital allocation policy, after which Bart will provide an update on product and chemical tanker fundamentals and our financial performance, and then Gernot will conclude the presentation before opening up the call for questions.

So turning first to Slide 4, to discuss our leadership transition. Our succession plan has been underway for several years and aligns with what has always been my intention to retire around the age of 65. The Board has done a terrific job with the selection process. And quite frankly, as the founder of the company and a shareholder, I’m extremely pleased with the outcome.