Altria Group (NYSE:MO) Q4 2024 Earnings Call Transcript January 30, 2025 9:00 AM ET

Company Participants

Mac Livingston - Vice President of Investor Relations
Billy Gifford - CEO and Director
Sal Mancuso - Executive VP and CFO

Conference Call Participants

Matt Smith - Stifel Financial Corp.
Bonnie Herzog - Goldman Sachs
Faham Baig - UBS
Gaurav Jain - Barclays
Eric Serotta - Morgan Stanley
Emma Rumney - Reuters

Operator

Good day. And welcome to the Altria Group 2024 Fourth Quarter and Full Year Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Altria's management and question-and-answer session. [Operator instructions] I would now like to turn the call over to Mac Livingston, vice president of investor relations for Altria Client Services. Please go ahead, sir.

Mac Livingston

Thanks Shelby. Good morning, and thank you for joining us. This morning, Billy Gifford, Altria's CEO, and Sal Mancuso, our CFO, will discuss Altria's fourth quarter and full year business results. Earlier today, we issued a press release providing our results. The release, presentation, quarterly metrics, and our latest corporate responsibility reports are all available at altria.com. During our call today, unless otherwise stated, we're comparing results to the same period in 2023. Our remarks contain forward-looking statements, including projections of future results. Please review the forward-looking and cautionary statement section at the end of today's earnings release for various factors that could cause actual results to differ materially from projections. Future dividend payments and share repurchases remain subject to the discretion of our board of directors. We report our financial results in accordance with U.S. Generally Accepted Accounting Principles.

Today's call will contain various operating results on both a reported and adjusted basis. Adjusted results exclude special items that affect comparisons with reported results. Descriptions of these non-GAAP financial