Altria Group, Inc. (MO) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Altria Group 2023 second quarter and first half earnings conference call. Today's call is scheduled to last about one hour, including remarks by Altria's management and a question and answer session. In order to ask a good question, please press star or find the number one on your touchtone phone at any time. Representative of the investment community and media on the call will be able to ask questions following the conclusion of the prepared remarks. I would now like to turn the call over to Max Livingston, Vice President of Investor Relations for Altria Client Services. Please go ahead, sir. Thanks, Shelby. Good morning, and thank you for joining us. This morning, Billy Gifford, Altria's CEO, and Dominic Cuso, our CFO, We'll discuss how to create a second quarter and first half 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 howtria.com. During our call today, unless otherwise stated, we're comparing results to the same period in 2022. Our remarks contain forward-looking, cautionary statements and projections of the future results. Please review the forward-looking and cautionary statement 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 shared purchases 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 the comparisons with reported results. D...