ARCC - Ares Capital (ARCC) Q4 2023 Earnings Call Transcript
2024-02-07 14:32:05 ET
Ares Capital (ARCC)
Q4 2023 Earnings Conference Call
February 07, 2024 11:00 AM ET
Company Participants
John Stilmar – Partner, Co-Head of Public Markets Investor Relations
Kipp DeVeer – Chief Executive Officer
Penni Roll – Chief Financial Officer
Kort Schnabel – Co-President, Los Angeles
Conference Call Participants
John Hecht – Jefferies
Finian O'Shea – Wells Fargo Securities
Melissa Wedel – JPMorgan
Ryan Lynch – KBW
Robert Dodd – Raymond James
Mark Hughes – Truist
Erik Zwick – Hovde Group
Casey Alexander – Compass Point
Presentation
Operator
Good morning. Welcome to the Ares Capital Corporation's Fourth Quarter and Year Ended December 31, 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded on Wednesday, February 07, 2024.
I'll now turn the call over to John Stilmar, Partner of Ares Public Markets Investor Relations. Please go ahead, sir.
John Stilmar
Thank you. Let me start with some important reminders. Comments made during the course of this conference call and webcast as well as the accompanying documents contain forward-looking statements, and are subject to risks and uncertainties. The company's actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. Ares Capital Corporation assumes no obligation to update any such forward-looking statements. Please also note that past performance or market information is not a guarantee of future results.
During this conference call, the company may discuss certain non-GAAP measures as defined by SEC Regulation G. such as core earnings per share or core EPS. The company believes that core EPS provides useful information to investors regarding financial performance because it is one method the company uses to measure its financial condition and results of operation. A reconciliation of GAAP net income per share, the most directly comparable GAAP financial measure to core EPS can be found on the accompanying slide presentation for this call. In addition, the reconciliation of these measures may also be found in our earnings presentation filed this morning with the SEC on Form 8-K. Certain information discussed in this conference call and the accompanying slide presentation, including information relating to portfolio companies, was derived from third-party sources and has not been independently verified. And accordingly, the company makes no representations or warranties with respect to this information. The company's fourth quarter December 31, 2023, earnings presentation can be found on the company's website at www.arescapitalcorp.com by clicking on the fourth quarter 2023 earnings presentation link on the homepage of the Investor Resources section. Ares Capital Corporation's earnings release and Form 10-K are also available on this website.
I'll now turn the call over to Mr. Kipp DeVeer, Ares Capital Corporation's Chief Executive Officer. Kipp?
Kipp DeVeer
Thanks, John. Hello, everyone, and thanks for joining our earnings call today. I'm here with our Co-Presidents, Kort Schnabel and Mitch Goldstein; our Chief Operating Officer, Jana Markowicz; our Chief Financial Officer, Penni Roll; our Chief Accounting Officer, Scott Lem; and other members of the management team. For those who may not have seen our announcement, Scott Lem has been appointed as our new Chief Financial Officer effective February 15th. Scott has been a key business leader within our finance and accounting team for more than two decades, and he has been instrumental in helping us drive growth and success at ARCC over our many years together....
Ares Capital (ARCC) Q4 2023 Earnings Call Transcript