Reading International, Inc. (RDI) CEO Ellen Marie Cotter on Q1 2020 Results - Earnings Call Transcript

Reading International, Inc. (NASDAQ:RDI) Q1 2020 Results Earnings Conference Call June 29, 2020 8:00 AM ET

Company Participants

Andrzej Matyczynski - EVP of Global Operations
Ellen Marie Cotter - Chairperson of the Board, CEO & President
Gilbert Avanes - CFO, Executive VP & Treasurer

Conference Call Participants

Operator

Thank you for joining Reading International's earnings call to discuss our 2020 First Quarter Results.

My name is Andrzej Matyczynski. I'm Reading's Executive Vice President of Global Operations. With me are Ellen Cotter, our President and Chief Executive Officer; and Gilbert Avanes, our Executive Vice President, Chief Financial Officer and Treasurer.

Before we begin the substance of the call, I will start by stating that in accordance with the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995, certain matters that will be addressed in this earnings call may constitute forward-looking statements. Such statements are subject to risks, uncertainties and other factors that may cause our actual performance to be materially different from the performance indicated or implied by such statements. Such risk factors are clearly set out in our SEC filings. We undertake no obligation to publicly update or revise any forward-looking statements.

In addition, we will discuss non-GAAP financial measures on this call. Reconciliations and definitions of non-GAAP financial measures, which are segment operating income, EBITDA and adjusted EBITDA, are included in our recently issued 2020 first quarter earnings release on the company's website. We have adjusted where applicable the EBITDA items we believe to be external to our business and not reflective of our cost of doing business or results of operation. Such costs include legal expenses relating to extraordinary litigation, and any other items that can be considered non-recurring in accordance with the 2-year SEC requirement for determining an item is non-recurring, infrequent or unusual in nature. We believe adjusted EBITDA is an important supplemental