New Residential Investment Corp (NRZ) CEO Michael Nierenberg on Q2 2019 Results - Earnings Call Transcript

Jul. 30, 2019 1:33 PM ETRithm Capital Corp. (RITM) StockRITM12 Comments
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Q2: 2019-07-30 Earnings Summary

EPS of $0.53 misses by $0.01
 | Revenue of $155.27M (-48.75% Y/Y) misses by $277.34M

New Residential Investment Corp (NRZ) Q2 2019 Earnings Conference Call July 30, 2019 8:00 AM ET

Company Participants

Kaitlyn Mauritz - Head, IR
Michael Nierenberg - Chairman, President & CEO

Conference Call Participants

Douglas Harter - Crédit Suisse
Bose George - KBW
Timothy Hayes - B. Riley FBR, Inc.
Stephen Laws - Raymond James & Associates
Kevin Barker - Piper Jaffray Companies
Trevor Cranston - JMP Securities
Matthew Howlett - Nomura Securities

Operator

Good morning. My name is Jack, and I will be your conference operator today. At this time, I would like to welcome everyone to the New Residential Investment Corp. Second Quarter 2019 Earnings Call. [Operator Instructions]. Thank you.

Kaitlyn Mauritz, with Investor Relations, you may begin your conference.

Kaitlyn Mauritz

Thank you, Jack, and good morning, everyone. I'd like to welcome you today to New Residential's Second Quarter 2019 Earnings Call. Joining me here today are Michael Nierenberg, our Chairman, CEO and President; and Nick Santoro, our CFO. Throughout the call this morning, we are going to reference the earnings supplement that was posted to the New Residential website this morning. If you have not already done so, I'd encourage you to download the presentation now.

Before I turn the call over to Michael, I'd like to point out that certain statements made today will be forward-looking statements. These statements, by their nature, are uncertain and may differ materially from actual results. I encourage you to review the disclaimers in our press release and earnings supplement regarding forward-looking statements and to review the risk factors contained in our annual and quarterly reports filed with the SEC.

In addition, we'll be discussing some non-GAAP financial measures during today's call. A reconciliation of these measures to the most directly comparable GAAP measures can be found in our earnings supplement.

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