SKYH - Sky Harbour Group Corporation (SKYH) Q4 2023 Earnings Call Transcript
2024-03-29 13:57:08 ET
Sky Harbour Group Corporation (SKYH)
Q4 2023 Earnings Conference Call
March 27, 2024 05:00 PM ET
Company Participants
Francisco Gonzalez - Chief Financial Officer
Tal Keinan - CEO and Chairman
Mike Schmitt - Chief Accounting Officer
Tim Herr - Treasurer
Tori Petro - Accounting Manager
Will Whitesell - COO
Presentation
Operator
Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Sky Harbour 2023 Year End Earnings Conference Call and Webinar. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you’d like to ask a question during this time, simply submit the question online using the webcast URL posted on our website. Thank you.
Francisco Gonzalez, Chief Financial Officer, you may begin your conference.
Francisco Gonzalez
Thank you, Krista. I'm Francisco Gonzalez, CFO at Sky Harbour. Hello, and welcome to the 2023 full year earnings equity investor conference call and webcast for the Sky Harbour Group Corporation. We've also invited our bondholder investors and our borrowing subsidiaries, Sky Harbour Capital to join and participate on this call as well.
Before we begin, I've been asked by counsel to note that on today's call, the company will address certain factors that may impact this year's earnings. Some of the information that we will be discussing today contains forward-looking statements. These statements are based on management's assumptions, which may or may not come true and you should refer to the language on slides one and two of this presentation, as well as our SEC filings for a description of the factors that may cause actual results to differ from our forward-looking statements. All forward-looking statements are made as of today and we assume no obligation to update any such statement.
So now let's get started. The team with us this afternoon, you know, from our prior webcast, Tal Keinan, our CEO and Chairman of the Board; Mike Schmitt, our Chief Accounting Officer; Tim Herr, our Treasurer; and Tori Petro, our Accounting Manager. Joining us today is Will Whitesell, our COO since the beginning of the year. We will came to Sky Harbour after a successful career in the construction industry having spent 15 years at Turner Construction, four years at the related companies, and more recently, six years at Suffolk Construction when he was last COO of the New York region. We're very glad to have Will in our leadership team.
We have a few slides we want to review with you before we open up to questions. These slides have been filed with a few minutes ago in a Form 8-K with the SEC and will also be available on our web site after this call. As the operator stated, you may submit written questions during the webcast using the 4Q platform, and we'll address them shortly after our prepared remarks. Let's get started.
Next slide, please. This is a summary of our financial results in the context of the trend of the past three years for selected metrics. In the interest of time, I would like to highlight just a couple of items. First, our revenues in the last quarter were in line sequentially with the prior quarter, if one adjusts for the previously disclosed and non-recurring items of Q3, and now we're ready for the next step function related to the opening of a new campus, something that now is expected to occur starting next week with the opening of our new facility at the San Jose Mineta International Airport, and Tal will shortly discuss more details on this great exciting ground lease and operation. Second, our operating expenses and SG&A are semi fix to fix and we continue watching our expenses and maintaining frugality whenever possible. ...
Sky Harbour Group Corporation (SKYH) Q4 2023 Earnings Call Transcript