Park Hotels & Resorts Inc. (NYSE:PK) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET
Company Participants
Ian Weissman - Senior Vice President, Corporate Strategy
Tom Baltimore - Chairman & CEO
Sean Dell’Orto - CFO
Conference Call Participants
Smedes Rose - Citibank
Floris Van Dijkum - Compass Point
Duane Pfennigwerth - Evercore ISI
Dany Asad - Bank of America
Ari Klein - BMO Capital Markets
David Katz - Jefferies
Patrick Scholes - Truist Securities
Chris Woronka - Deutsche Bank
Jay Kornreich - Wedbush Securities
Robin Farley - UBS
Chris Darling - Green Street
Dori Kesten - Wells Fargo
Operator
Ladies and Chairman, good morning and welcome to the Park, Hotels and Resorts Third Quarter 2024 Earnings Conference Call. At this time, all participants are in the listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ian Weissman, Senior VP, Corporate Strategy. Please go ahead, sir.
Ian Weissman
Thank you, operator, and welcome everyone to the Park, Hotels and Resorts third quarter 2024 earnings call. Before we begin, I would like to remind everyone that many of the comments made today are considered forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not able to publicly update or revise these forward-looking statements. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements.
Please refer to the documents filed by Park with the SEC, specifically the most recent reports on Form 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. In addition, on today's call, we will discuss certain non-GAAP financial information such as FFO and adjusted EBITDA. You can find this information together with reconciliations for the most directly comparable GAAP financial measure in yesterday's earnings release, as well as in our 8-K filed with the SEC and the supplemental financial information available on our website at pkhotelsandresorts.com.
Additionally, unless otherwise stated, all operating results will be presented on a comparable basis. This morning, Tom Baltimore, our Chairman and Chief Executive Officer, will provide a review of Park's third quarter performance and strategic initiatives. Sean Dell’Orto, our Chief Financial Officer, will provide additional color on third quarter results and our fourth quarter dividend. Following our prepared remarks, we will open the call for questions.