Vector Group Ltd (VGR) Q4 2020 Earnings Call Transcript

Welcome to Vector Group Limited Fourth Quarter 2020 Earnings Conference Call. During this call the terms adjusted operating income, adjusted net income, adjusted EBITDA, adjusted -- tobacco adjusted operating income will be used. Reconciliations to adjusted operating income, adjusted net income, adjusted EBITDA and tobacco adjusted operating income are contained in the Company's earnings release, which has been posted to the Investor Relations' section of the Company's website located at www.vectorgroupltd.com.