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Copart, Inc. (CPRT) CEO Jayson Adair on Fiscal Q3 2019 Results - Earnings Call Transcript

May 23, 2019 2:36 PM ETCopart, Inc. (CPRT)
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Copart, Inc. (NASDAQ:CPRT) Q3 2019 Results Earnings Conference Call May 23, 2019 9:00 AM ET

Company Participants

Jayson Adair - Chief Executive Officer

Jeffrey Liaw - Chief Financial Officer

William Franklin - Executive Vice President

Conference Call Participants

Robert Labick - CJS Securities

John Healy - Northcoast Research

Stephanie Benjamin - SunTrust Robinson Humphrey

Craig Kennison - Robert W. Baird & Co.

Daniel Imbro - Stephens Inc.

Chris Bottiglieri - Wolfe Research


Good day, everyone, and welcome to the Copart Incorporated Third Quarter Fiscal 2019 Earnings Call. Just a reminder, today's conference is being recorded.

For opening remarks and introductions, I would like to turn the call over to Mr. Jay Adair, Chief Executive Officer of Copart Incorporated. Please go ahead, sir.

Jayson Adair

Thanks so much. Good morning, everyone, and welcome to the third quarter conference call for Copart. In the room today is Will Franklin, Executive Vice President, and Jeff Liaw, Chief Financial Officer. We are calling from a hotel. So, hopefully, you can hear us okay. It's kind of a little echoey.

We just finished a great week at our annual advisory board. This is a chance for us to invite our Canadian customers, our US customers and exchange ideas and information about the industry and items that Copart's working on technology and processes that we're working on.

So, it's been a great week. And I think we can share some of that with you this morning, some of the facts that we've got are quite fresh since we just completed the conference.

So, with that, let me turn it over to Jeff Liaw.

Jeffrey Liaw

Thanks, Jay. I'll start as always with a Safe Harbor. During today's call, we'll discuss certain non-GAAP measures including non-GAAP net income per diluted share, which includes adjustments to reverse the impact of the income

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