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Weyco Group, Inc. (WEYS) CEO Tom Florsheim, Jr. on Q4 2019 Results - Earnings Call Transcript

Mar. 11, 2020 1:49 PM ETWeyco Group, Inc. (WEYS)
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Weyco Group, Inc. (NASDAQ:WEYS) Q4 2019 Earnings Conference Call March 11, 2020 11:00 AM ET

Company Participants

John Wittkowske - Chief Financial Officer

Tom Florsheim, Jr. - Chairman & Chief Executive Officer

John Florsheim - President & Chief Operating Officer

Conference Call Participants

John Deysher - Bertolet Capital Trust


Good morning, and welcome to the fourth quarter and full year 2019 Earnings Release Conference Call. My name is Zanera, and I'll be the operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]

I will now turn the call over to Mr. John Wittkowske, CFO. John, you may begin.

John Wittkowske

Thank you. Good morning everyone, and welcome to our fourth quarter conference call. On this call with me today are Tom Florsheim Jr., our Chairman and CEO; and John Florsheim, our President and COO.

Before we begin to discuss the results of the quarter and for the year, I will read a brief disclaimer. During the course of this call, we may make projections or other forward-looking statements, regarding our current expectations, concerning future events and the future financial performance of the company. We wish to caution you, that such statements are just predictions, and that actual events or results may differ materially from these statements. We refer you to Weyco Group's most recent Form 10-K and its other SEC filings with the SEC, which identify important factors and risks, that could cause the company's actual results to differ materially from our projections.

Additionally, some comparisons may refer to non-GAAP measures. Our SEC filings may contain additional information about these non-GAAP measures, including why we use them, and reconciliations to the corresponding GAAP data.

Net sales for the fourth quarter of 2019 were $86.9 million, down 3% compared

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