Hi-Crush Inc. (HCR) CEO Bob Rasmus on Q4 2019 Results - Earnings Call Transcript

Feb. 20, 2020 2:55 PM ETHi-Crush Inc. (HCRSQ)12 Comments
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Hi-Crush Inc. (HCR) Q4 2019 Earnings Conference Call February 20, 2020 8:30 AM ET

Company Participants

Caldwell Bailey - Investor Relations Manager

Bob Rasmus - Chairman & Chief Executive Officer

Alan Oehlert - Chief Operating Officer

Phil McCormick - Chief Financial Officer

Conference Call Participants

John Watson - Simmons & Company


Welcome to the Hi-Crush Incorporated Fourth Quarter and Full Year 2019 Conference Call. As a reminder, today's call is being recorded. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

At this time for opening remarks and introductions I would like to turn the call over to Caldwell Bailey, Investor Relations Manager of Hi-Crush. Please proceed sir.

Caldwell Bailey

Thank you. Good morning, everyone and thanks for joining us today. With me are Bob Rasmus, Chairman and Chief Executive Officer of Hi-Crush Inc.; Phil McCormick Chief Financial Officer, and Alan Oehlert, Chief Operating Officer.

Before we provide our prepared remarks, I would like to remind all participants that our comments today will include forward-looking statements, which are subject to certain risks and uncertainties. Actual results could differ materially from those projected in any forward-looking statements.

Additionally, we may refer to the non-GAAP measures of EBITDA, adjusted EBITDA, free cash flow and contribution margin during the call. Please refer to our public filings for definitions of our non-GAAP measures and the reconciliation to their most directly comparable GAAP measures, as well as a discussion of risks and uncertainties.

With that, I would now like to turn the call over to our CEO, Bob Rasmus.

Bob Rasmus

Thanks, Caldwell, and thank you to everyone for joining us this morning. 2019 was a year of transformation and innovation for Hi-Crush. As we continue to evolve from a supplier of frac sand to a fully integrated frac

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