RDIB - Reading International, Inc. (RDI) Q4 2024 Earnings Call Transcript

2025-04-03 15:59:03 ET

Reading International, Inc. (RDI)

Q4 2024 Results Conference Call

April 02, 2025 04:30 PM ET

Company Participants

Andrzej Matyczynski - Executive Vice President, Global Operations

Ellen Cotter - President & Chief Executive Officer

Gilbert Avanes - Executive Vice President, Chief Financial Officer, and Treasurer

Presentation

Andrzej Matyczynski

This is the Earnings Call script for the Fourth Quarter 2024. Thank you for joining Reading International's Earnings Call to discuss our 2024 Fourth Quarter and Full Year Results. My name is Andrzej Matyczynski, and I am Reading's Executive Vice President of Global Operations. With me are Ellen Cotter, our President and Chief Executive Officer; and Gilbert Avanes, our Chief Executive Vice President, Chief Financial Officer and Treasurer.

Before we begin the substance of the call, I will run through the usual caveats. In accordance with the safe harbor provision of the Private Securities Litigation Reform Act of 1995, certain matters that will be addressed in this earnings call may constitute forward-looking statements. Such statements are subject to risks, uncertainties, and other factors that may cause our actual performance to be materially different from the performance indicated or implied by such statements. Such risk factors are clearly set out in our SEC filings.

We undertake no obligation to publicly update or revise any forward-looking statements. In addition, we will discuss non-GAAP financial measures on this call. Reconciliations and definitions of non-GAAP financial measures, which are segment operating income, EBITDA and adjusted EBITDA, are included in our recently issued 2024 fourth quarter corrected earnings release released on April 1 on our company's website.

We have adjusted, where applicable, the EBITDA items we believe to be external to our business and not reflective of our cost of doing business or results of operations. Such costs could include legal expenses relating to extraordinary litigation and any other items that we can consider to be nonrecurring in accordance with the 2-year SEC requirement for determining whether an item is nonrecurring, infrequent or unusual in nature. We believe that the adjusted EBITDA is an important supplemental measure of our performance. ...

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