Pinnacle Foods (PF) Q2 2018 Results - Earnings Call Transcript

Aug. 02, 2018 4:53 PM ETPinnacle Foods (PF)
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Pinnacle Foods, Inc. (NYSE:PF) Q2 2018 Earnings Call August 2, 2018 7:30 AM ET

Executives

Jennifer Halchak - Pinnacle Foods, Inc.

Mark A. Clouse - Pinnacle Foods, Inc.

Craig D. Steeneck - Pinnacle Foods, Inc.

Jennifer Halchak - Pinnacle Foods, Inc.

Good morning, everyone. As we outlined in our earnings call announcement, today's comments will focus on Pinnacle's 2018 Second Quarter Results and will not include a Q&A session. For information regarding the pending acquisition of Pinnacle Foods by Conagra Brands, please refer to Conagra's S-4 filing, which was filed on July 25, 2018.

Let me also remind you that as usual, our release and remarks this morning will include our results on an adjusted basis. The adjusted basis excluded acquisition, merger, and other restructuring charges and other items affecting comparability.

The company believes that the adjusted basis provides investors with additional insight into our business and operating performance trends. While the exclusion of these items is not in accordance with GAAP, we believe that it is a meaningful comparison and an appropriate basis for a discussion of our performance. Details of the excluded items are included in the reconciliation tables in our press release and are discussed in detail in our 10-Q, which will be filed this morning.

In addition, our discussion this morning may include forward-looking statements, which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, and the company undertakes no obligation to update these statements based on subsequent events. A detailed discussion of these risks and uncertainties is contained in the company's filings with the SEC.

And with that, I'll turn it over to Mark.

Mark A. Clouse - Pinnacle Foods, Inc.

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