2024-04-25 13:04:04 ET
Altria Group, Inc. (MO)
Q1 2024 Earnings Conference Call
April 25, 2024, 09:00 AM ET
Company Participants
Mac Livingston - Vice President, Investor Relations
Billy Gifford - Chief Executive Officer
Sal Mancuso - Executive Vice President and Chief Financial Officer
Conference Call Participants
Pamela Kaufman - Morgan Stanley
Bonnie Herzog - Goldman Sachs
Faham Baig - UBS
Matt Smith - Stifel
Gaurav Jain - Barclays
Callum Elliott - Bernstein
Jennifer Maloney - Wall Street Journal
Presentation
Operator
Good day and welcome to the Altria Group 2024 First Quarter Earnings Conference Call. Today's call is scheduled to last about 1 hour, including remarks by Altria's management and a 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, Savannah. Good morning and thank you for joining us. This morning, Billy Gifford, Altria’s CEO; and Sal Mancuso, our CFO, will discuss Altria's first quarter 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 altrea.com.
During our call today, unless otherwise stated, we're comparing results to the same period in 2023. Our remarks contain forward-looking and cautionary statements and projections of future results. Please review the forward-looking and cautionary statements 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. 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 measures and reconciliations are included in today's earnings release and on our website at altrea.com. Finally, all references in today's remarks to tobacco consumers or consumers within a specific tobacco category or segment refer to existing adult tobacco consumers 21 years of age or older.
With that, I'll turn the call over to Billy.
Billy Gifford
Thanks, Mac. Good morning and thank you for joining us. We made meaningful progress in pursuit of our vision and our highly profitable traditional tobacco businesses continue to perform well in a challenging environment. In spite of the absence of an of effective regulatory environment, we saw continued early momentum from NJOY and believe our businesses are on track to deliver against full year plans....
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Altria Group, Inc. (MO) Q1 2024 Earnings Call Transcript