Reeds Inc (REED) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Reed's fourth quarter and full year 2024 earnings conference call for the three and 12 months ended December 31st, 2024. My name is Joelle and I will be your conference call operator for today. We will have prepared remarks from Norman E. Schneider, Reed's chief executive officer and Doug McCurdy, Reed's chief financial officer. Following their remarks, they will take your questions. Before we begin, please take note of the company's cautionary statement. Today's call will include forward-looking statements, including statements about Reid's business plans. Forward-looking statements inherently involve risks and uncertainties and only reflect management's view as of today, March 26, 2025, and the company is under no obligation to update them. When discussing results, the presenters may refer to non-GAAP measures, which exclude certain items from reported results. Please refer to REIT's fourth quarter 2024 earnings release on REIT's investor website at investor.reitsinc.com and its annual report on Form 10-K for the 2024 fiscal year expected to be available on the website soon. For definitions and reconciliations of non-GAAP measures and additional information regarding results, including a discussion of factors that could cause actual results to materially differ from forward-looking statements. I will now turn the call over to Mr. Schneider. Thank you, Operator, and good morning, everyone. We appreciate you joining us today to discuss our fourth quarter and full year 2024 results. Throughout this past year, we implemented strategic initiatives to strengthen our financial and operational foundation to position REITs for long-term success. We reinforced our balance sheet, streamlined operations, and enhanced efficiencies laying the groundwo...