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Great Elm Group, Inc.
2/14/2023
Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Great Elm Grove Incorporated Fiscal 2023 Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I would now like to turn the conference over to Adam Yates, Managing Director. Please go ahead.
Good morning, everyone. Thank you for joining us for Great Elm Group's fiscal second quarter 2023 earnings conference call. As a reminder, this conference call is being recorded on Tuesday, February 14, 2023. If you would like to be added to our distribution list, you can email GEGInvestorRelations at GreatElmCap.com or you can sign up for alerts directly on our website, www.greatelmgroup.com. The slide presentation accompanying today's conference call and webcast can be found on our website under Events and Presentations. A link to the webcast is also available on our website as well as in the press release that was disseminated to announce the quarterly results. Today's conference call includes forward-looking statements and we ask that you refer to Great Elm Group's filings with the SEC for important factors that could cause actual results to differ materially from these statements. Great Elm Group does not undertake to update its forward-looking statements unless required by law. In addition, during today's call, management will refer to certain non-GAAP financial measures. Reconciliations to the most comparable financial measures are included in our earnings release. To obtain copies of our SEC filings, please visit Gradown Group's website under Financial Information and select SEC Filings. On the call today, we have Jason Reese, Executive Chairman of the company's Board of Directors, Peter Reed, CEO, Adam Kleinman, President, Nicole Mills, COO, and Brent Pearson, CFO. I will now turn the call over to Jason Reese, Executive Chairman.
Welcome, everyone, and thank you for joining us today. In January, Great Elm announced and completed two transformative transactions, selling our forest subsidiary and our durable medical equipment business. The transactions allowed us to simplify our business structure, add significant cash to our balance sheet, and enter the year in a position of strength to deploy capital into attractive alternative asset management opportunities. On today's call, we will focus on the transactions and our second quarter results. As for our future, we expect to host an investor day later this year where we look forward to walking you through our strategic growth plans. I will now turn the call over to Peter Reed, CEO, to walk you through the transactions.
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