CST Brands, Inc. (NYSE:CST) Q4 2015 Earnings Conference Call - Final Transcript
Feb 19, 2016 • 09:00 am ET
Welcome to the CST Brands and CrossAmerica Partners joint Year-End and Fourth Quarter 2015 Earnings Call. My name is Christine, and I will be the operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.
I will now turn the call over to Mr. Randy Palmer, Director of Investor Relations. Mr. Palmer, you may begin.
Thank you, operator. Good morning and thank you for joining the CST Brands and CrossAmerica Partners year-end and fourth quarter 2015 earnings call. With me today are Kim Lubel, CST Chairman and CEO; Clay Killinger, Chief Financial Officer; Hal Adams, President of Retail Operations; Jeremy Bergeron, President of CrossAmerica Partners, Steve Stellato, Chief Accounting Officer of CrossAmerica Partners and other members of our executive leadership team.
Kim will provide an overview of the CST operational performance for the year and the fourth quarter and current strategic initiatives and then will turn the call over to Clay to discuss the CST financial results. Hal will provide a brief update on the merchandising efforts and then Jeremy follow with an overview of the operational and financial performance of CrossAmerica Partners. And at the end, we'll open the call to questions for both organizations.
I should point out that today's call will follow some presentation slides that our team will utilize during this morning's event. These slides are available as part of the webcast and what we posted on the CST Brands and CrossAmerica websites.
Before I begin, I would like to remind everyone that today's call, including the question-and-answer session, may include forward-looking statements regarding expected revenue, future plans, future operational metrics and opportunities and expectations of the organizations. There could be no assurance that the management's expectations, beliefs and projections will be achieved or that actual results will not differ from expectations.
Please see filings with the Securities and Exchange Commission, including annual reports on Form 10-K and quarterly reports on Form 10-Q for a discussion of important factors that could affect our actual results. Forward-looking statements represent the judgment of the Company's management as of today's date, and the organizations disclaim any intent or obligation to update any forward-looking statements.
During today's call, we may also provide certain performance measures that do not conform to US Generally Accepted Accounting Principles or GAAP. We provided schedules that reconcile these non-GAAP measures with our reported results on a GAAP basis as part of our earnings press release.
We should also note that the results provided today by CST represent the business operations of CST on a standalone basis before the consolidation of CrossAmerica Partners LP, but include the income associated with CST owning a percentage of the outstanding common units and all the IDRs of CrossAmerica. Full consolidation information is included in the 2015 Form 10-K, which will enable you to arrive at our complete consolidated financial results.
Today's call is being webcast and a recording of this conference