Tejon Ranch Co (TRC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Tahoe Ranch Company First Quarter 2026 Earnings Call. All participants will be in listen-only mode. If you should need operator assistance, please key in star and zero on your telephone keypad. Please note that this event is being recorded. I will now hand you over to Nick Ortiz. Please go ahead. Good afternoon and welcome to Tejon Ranch Company's first quarter 2026 earnings call. My name is Nick Ortiz. Joining me today are Matt Walker, President and CEO, and Robert Velasquez, Senior Vice President and Chief Financial Officer. Today's press release, 10Q, and this webcast are available on our Investor Relations website. A replay will be posted after we conclude. That site is ir.tejonranch.com. Today's remarks may include forward-looking statements. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially. These factors are detailed in our SEC filings, including our most recent forms 10Q and 10K. We assume no obligation to update any forward-looking statements. We may reference non-GAAP measures. These measures should be considered in addition to, not as a substitute for, GAAP results. Reconciliations to the most directly comparable GAAP measures and reasons why we use non-GAAP are included in today's filings and are posted on our website, again, ir.tohomeranch.com. After prepared remarks, we'll address questions. Shareholders were invited to submit questions by email in advance. Now I'll turn the call over to Matt Walker. Thank you, Nick. Good afternoon, and thank you all for joining us. Today I'm going to share my perspective on recent performance, then turn i...