Turning Point Brands, Inc.

Good morning and welcome to the Turning Point Brands' fourth quarter 2022 earnings conference call. All participants will be in a listen-only mode. All lines have been placed on mute to prevent any background noise. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Louis Reformina, Chief Financial Officer. Please go ahead.

Thank you. Good morning, everyone. This is Louis Reformina, Chief Financial Officer. Joining me are Turning Point Brands President and CEO, Graham Purdy, and Chief Revenue Officer, Summer Freed. This morning, we issued a news release covering our fourth quarter results. This release is located in the IR section of our website, www.turningpointbrands.com. There is also a presentation we will be referencing on the call available on the site. During this call, we will discuss our consolidated and segmented operating results and provide our perspective on the operating environment and our progress against a strategic plan. As is customary, I direct your attention to the discussion of forward-looking and cautionary statements in today's press release and the risk factors in our filings with the Securities and Exchange Commission. On the call today, we will reference certain non-GAAP financial measures These measures and reconciliation of the gap can be found in today's earnings release, along with reasons why management believes that they provide useful information. I will now turn the call over to our CEO, Graham Purdy.

Thanks, Louis. Good morning, everyone, and thank you for joining our call. Last quarter was my first as CEO of Turning Point, and I discussed my excitement about our team and our ability to build a world-class CPG company for the benefit of our stakeholders, employees, and valued customers. As I mentioned on our last call, my main priority is to focus on internal execution across all areas of our business to best position Turning Point for profitable long-term growth to drive shareholder value. Since my appointment to CEO, the team has been focused on evaluating all aspects of our business, from our distribution and channel strategies to our product portfolio and go-to-market plans, and improving our systems and logistics capabilities to become more efficient. There's a lot on our plate, but it's all designed to help build a stronger foundation for long-term growth The main components of our strategy are, number one, to expand our market penetration and competitive share, especially within the alternative panel. That's the power of our brands and differentiated product portfolio.