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SMTC Corporation (SMTX) CEO Eddie Smith on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 4:22 PM ETSemtech Corporation (SMTC) Stock
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SMTC Corporation (SMTX) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET

Company Participants

Blair McInnis - Vice President, Finance

Eddie Smith - President & Chief Executive Officer

Rich Fitzgerald - Chief Operating Officer

Steve Waszak - Chief Financial Officer

Conference Call Participants

Mike Crawford - B. Riley

Christian Schwab - Craig Hallam Capital Group

Steve Kohl - Mangrove


Good day, ladies and gentlemen, and welcome to your SMTC Corporations First Quarter 2020 Financial Results Conference Call. All lines have been placed in a listen only mode and the floor will be open for questions following the presentation. [Operator Instructions]

At this time, it is my pleasure to turn the floor over to Blair McInnis. Sir, the floor is yours.

Blair McInnis

Thank you. Before we begin the call, I'd like to remind everybody that the presentation will include statements about expected future events and financial results that are forward-looking in nature and subject to risks and uncertainties. The company cautions that actual performance will be affected by a number of factors, many of which are beyond the company's control, and that future events and results may vary substantially from what the company currently foresees.

Discussion of the various factors that may affect future results is contained in the company's Annual Report on Form 10-K, Quarterly Reports on form 10-Q, and subsequent reports on Form 8-K and other filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this call, and except as required by law, we do not intend to update this information.

During the call, we will also reference certain non-GAAP measures, including adjusted gross profit, adjusted net income and adjusted EBITDA. Please refer to the press release we issued yesterday for reconciliations between GAAP and adjusted results. Management believes that these Non-GAAP

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