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Stepan Company
10/30/2024
Good morning, and welcome to the Stephen & Company Third Quarter 2024 Earnings Conference Call. During the presentation, all participants will be in listen-only mode. Afterward, we will conduct a question-and-answer session. You will then hear an automated message, inviting your hand is raised. To withdraw your question, please press Start 1 again. Please be advised that today's conference has been recorded. As a reminder, this call is being recorded on Wednesday, October 30, 2024. It is now my pleasure to turn the call over to Mr. Sam Henriksen, Vice President and Interim Chief Financial Officer of Human Company. Mr. Henriksen, please go ahead.
Good morning, and thank you for joining Steppen Company's third quarter 2024 financial review. Before we begin, please note that information in this conference call contains forward-looking statements, which are not historical facts. These statements involve risks and uncertainties that could cause actual results to differ materially, including but not limited to prospects for foreign operations global and regional economic conditions and factors detailed in our Securities and Exchange Commission's filings. In addition, this conference call will include discussions of adjusted net income, adjusted EBITDA, and free cash flow, which are non-GAAP measures. We provide reconciliations to the comparable GAAP measures in the earnings presentation and press release, which we have made available at www.stephen.com under the Investors section of our website. Whether you are joining us online or over the phone, we encourage you to review the investor slide presentation. We make these slides available at approximately the same time as when the earnings release is issued, and we hope that you find the information and perspectives helpful. With that, I would like to turn the call over to Mr. Quinn Steppen, the chairman of Steppen Company. Good morning.
Today we announce that our board of directors has appointed Luis Rojo as the company's president and CEO and a member of the board effective immediately. Luis succeeds Scott Behrens, who has served in that role for the past three years. We thank Scott for his leadership and his many contributions to the growth and diversification of Steffen over his 30-year career with the company. As you are aware, Luis has served as the CFO of Steffen for the past seven years. During his tenure, Luis has developed a deep understanding of all aspects of our business. And while he naturally has a strong financial mindset that will serve him well in the CEO role, he is also a strategic thinker and will ensure we execute on present market and operational opportunities. He is a passionate leader who cares deeply about our customers, employees, and shareholders. Together, With the strong team we have at Steppen, he will drive our profit recovery and deliver value for our shareholders. The board and I have great confidence in Luis and look forward to working with him in his new role. With that, I would like to turn the call over to Luis.
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