Altria Group, Inc. (MO) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.595 I would now like to turn the call over to Mac Livingston, Vice President of Investor 00:00:04.595 -- 00:00:06.877 Relations. Please go ahead, sir. 00:00:06.877 -- 00:00:08.599 Thanks, 00:00:08.599 -- 00:00:12.082 Chloe. Good morning, and thank you for joining us. 00:00:12.082 -- 00:00:17.687 This morning, Billy Gifford, Austria's CEO, and Sal Mancuso, our CFO, 00:00:17.687 -- 00:00:23.973 will discuss Austria's 2025 fourth quarter and full year business results. 00:00:23.973 -- 00:00:27.556 Earlier today, we issued a press release providing our results. 00:00:27.556 -- 00:00:32.746 The release, presentation, quarterly metrics, and our latest corporate responsibility 00:00:32.746 -- 00:00:36.788 reports are all available at Altria.com. 00:00:36.931 -- 00:00:42.077 During our call today, unless otherwise stated, we're comparing results to the same 00:00:42.077 -- 00:00:45.699 period in 2024. Our 00:00:45.782 -- 00:00:50.848 remarks contain forward-looking statements, including projections of future results. 00:00:50.848 -- 00:00:55.474 Please review the forward-looking and cautionary statement section at the end of today's 00:00:55.474 -- 00:01:00.529 earnings release for various factors that could cause actual results to differ 00:01:00.529 -- 00:01:03.490 materially from projections. 00:01:03.873 -- 00:01:08.540 Future dividend payments and share repurchases remain subject to the discretion of our 00:01:08.540 -- 00:01:10.861 Board of Directors. 00:01:11.104 -- 00:01:14.309 We report our financial results in accordance with U.S. 00:01:14.309 -- 00:01:19.656 generally accepted accounting principles. Today's call will contain various operating 00:01:19.656 -- 00:01:23.815 results on both a reported and adjusted basis. 00:01:23.815 --...