Rent-A-Center Inc.

The conference will begin shortly. To raise and lower your hand during Q&A, you can dial star 1-1.

Good day and thank you for standing by. Welcome to the Upbound Group, formerly Rent-A-Center's, fourth quarter 2022 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1 1 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Brendan Metrano, Vice President, Investor Relations.

Good morning, and thank you all for joining us to discuss the company's performance for the fourth quarter. and full year of 2022, the outlook for 2023, and our new parent company name and enterprise brand, Upbound Group Inc. We issued two press releases this morning before the market opened. The first regarding Upbound, and the second, our fourth quarter earnings release. Both press releases and all related materials, including a link to the live webcast, are available on our website at investor.ranacenter.com. On the call today from Upbound Group, formerly Rena Center. We have Mitch Fidel, our CEO, and Femi Karam, our CFO. As a reminder, some of the statements provided on this call are forward-looking and are subject to factors that could cause actual results to differ materially from our expectations. These factors are described in our earnings release as well as in the company's SEC filings. UpFound Group undertakes no obligation to publicly update or revise any forward-looking statements. except as required by law. This call will also include references to non-GAAP financial measures. Please refer to our fourth quarter and full year earnings release, which can be found on our website, for a description of the non-GAAP financial measures and the reconciliations to the most comparable GAAP financial measures.