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Parker Drilling's (PKD) CEO Gary Rich on Q1 2018 Results - Earnings Call Transcript

May 02, 2018 4:21 PM ETParker Drilling Co. (PKDC)2 Comments
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Parker Drilling Company (PKD) Q1 2018 Results Earnings Conference Call May 2, 2018 11:00 AM ET


Nick Henley - Director of Investor Relations

Gary Rich - Chairman, President and Chief Executive Officer

Mike Sumruld - Senior Vice President and Chief Financial Officer


Paul Chambers - Barclays

Walt Chancellor - Macquarie


Greetings, and welcome to the Parker Drilling First Quarter 2018 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to turn the call over to your host Nick Henley, Director of Investor Relations for Parker Drilling. Please go ahead, sir.

Nick Henley

Good morning. And thank you for joining today's conference call. Joining me today are Gary Rich, Chairman, President and CEO of Parker Drilling; and Mike Sumruld, Senior Vice President and Chief Financial Officer.

As a reminder, during this conference call, management may make statements regarding future expectations about the Company's business, management's plans for future operations or similar matters. These statements are considered forward-looking statements within the meaning of U.S. securities laws and speak only as of the date of this call. The Company's actual results could differ materially due to several important factors, including those described within the Company's filings with the SEC. During this call, management will refer to non-GAAP financial measures. And accordance with Regulation G, the Company has provided a reconciliation of these measures in its earnings release.

I will now turn the call over to Gary Rich.

Gary Rich

Thank you, Nick. Since our fourth quarter call, we have made some organizational changes to ensure our focus remains on strengthening the business.

Last month, we announced the appointment of Jon-Al Duplantier to the position of

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