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GCP Applied Technologies' (GCP) CEO Gregory Poling on Q3 2017 Results - Earnings Call Transcript

Nov. 04, 2017 10:40 AM ETGCP Applied Technologies Inc. (GCP)
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GCP Applied Technologies, Inc. (NYSE:GCP) Q3 2017 Earnings Conference Call November 2, 2017 10:00 AM ET


Joe DeCristofaro - IR

Gregory Poling - President, CEO & Director

Dean Freeman - VP & CFO


Jacob Schowalter - Seaport Global Securities

Nick Cecero - Jefferies

Christopher Shaw - Monness, Crespi, Hardt & Co.

Connor Cloetingh - KeyBanc Capital Markets


Good day and welcome to the GCP Applied Technologies Third Quarter 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Joe DeCristofaro. Please go ahead.

Joe DeCristofaro

Thank you, Stephen. Hello everyone, and thank you for joining us on today's call. With us on the call are Greg Poling, President and Chief Executive Officer and Dean Freeman, Vice President and Chief Financial Officer. Our earnings release and corresponding presentation slides for our third quarter results are available on our website. To download copies, please go to gcpat.com and click on the Investors tab. Some of our comments today will be forward-looking statements under U.S. federal securities laws. Actual results may differ materially from those projected or implied due to a variety of factors. We will discuss certain non-GAAP financial measures, which are described in more detail in this morning's earnings release and on our website. Our comments on forward-looking statements and non-GAAP financial measures apply both to the prepared remarks and to the Q&A. References to EBIT refer to adjusted EBIT and references to margin refer to adjusted gross margin or adjusted EBIT margin, as defined in our press release.

Greg will start us out today with a business update. Dean's commentary will include highlights of our third quarter financial results and outlook. We are discussing these results on a continuing

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