2024-02-15 20:53:02 ET
Air Lease Corporation. (AL)
Q4 2023 Earnings Conference Call
February 15, 2024, 04:30 PM ET
Company Participants
Jason Arnold - Head of Investor Relations
Steven Hazy - Executive chairman
John Plueger - Chief Executive Officer and President
Gregory Willis - Executive Vice President and Chief Financial Officer
Conference Call Participants
Catherine O'Brien - Goldman Sachs
Jamie Baker - JPMorgan
Hillary Cacanando - Deutsche Bank
Terry Ma - Barclays
Ronald Epstein - Bank of America
Stephen Trent - Citi.
Doug Runte - Deutsche Bank
Presentation
Operator
Good afternoon, my name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to the Air Lease Corporation Q4 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] I will now turn the call over to Mr. Jason Arnold, Head of Investor Relations. Mr. Arnold, you may begin your conference.
Jason Arnold
Thanks Greg and good afternoon everyone and welcome to Air Lease Corporation's fourth quarter and full year 2023 earnings call. I'm joined today by Steve Hazy, our Executive Chairman, John Pluger, our Chief Executive Officer and President, and Greg Willis, our Executive Vice President and Chief Financial Officer.
Earlier today we published our fourth quarter and full year 2023 results. A copy of our earnings release is available on the investor section of our website at www.airleascorp.com. This conference call is being webcast and recorded today, Thursday, February 15th, 2024. And the webcast will be available for replay on our website. At this time all participants to this call are in listen-only mode.
Before we begin please note that certain statements in this conference call including certain answers to your questions are forward-looking statements within the meeting of the Private Securities Litigation Reform Act. This includes without limitation statements regarding the state of the airline industry, the impact of aircraft and engine delivery delays and manufacturing defects, our aircraft sales pipeline and our future operations and performance. These statements and any projections as to our future performance represent management's current estimates and speak only as of today's date. These estimates involve risks and uncertainties that could cause actual results to differ materially from expectations. Please refer to our filings with the Securities and Exchange Commission for a more detailed description of risk factors that may affect our results. Air Lease Corporation assumes no obligation to update any forward looking statements or information in light of new information or future events.
In addition, we may discuss certain financial measures such as adjusted net income before income taxes, adjusted diluted earnings per share before income taxes, and adjusted pre-tax return on equity, which are non-GAAP measures. A description of our reasons for utilizing these non-GAAP measures as well as our definition of them and the reconciliation to corresponding GAAP measures can be found in our earnings release in 10-K that we issued today. This release can be found in the Investors section and Press section of our website at airleasecorp.com.
As a reminder unauthorized recording of this conference call is not permitted. I would now like to turn the call over to our Chief Executive Officer and President, John Plueger....
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Air Lease Corporation (AL) Q4 2023 Earnings Call Transcript