Full Year 2021 Douglas Elliman Inc Earnings Call Transcript
Welcome to Douglas Elliman Inc.'s Fourth Quarter and Full Year 2021 Earnings Conference Call. During this call, the terms adjusted net income and adjusted EBITDA will be used. These terms are non-GAAP financial measures and should be considered in addition to, but not as a substitute for, other measures of financial performance prepared in accordance with GAAP. Reconciliations to adjusted net income and adjusted EBITDA are contained in the company's earnings release, which has been posted to the Investor Relations section of the company's website located at investor.elliman.com.
Before the call begins, I would like to read a safe harbor statement. The statements made during this conference call, that are not historical facts, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in more detail in the company's Securities and Exchange Commission filings.
Now I would like to turn the call over to the Chairman, President and
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