Eagle Bulk Shipping, Inc. (EGLE) CEO Gary Vogel on Q2 2020 Results - Earnings Call Transcript

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Eagle Bulk Shipping, Inc. (EGLE) Q2 2020 Earnings Conference Call August 7, 2020 8:00 AM ET

Company Participants

Gary Vogel - CEO & Director
Frank De Costanzo - CFO & Secretary

Conference Call Participants

Omar Nokta - Clarksons Platou Securities
Liam Burke - B. Riley FBR, Inc.
J Mintzmyer - Value Investor's Edge

Presentation

Operator

Greetings, and welcome to the Eagle Bulk Shipping Second Quarter 2020 Results Conference Call. [Operator Instructions].

I would now like to turn the call over to Gary Vogel, Chief Executive Officer; and Frank De Costanzo, Chief Financial Officer of Eagle Bulk Shipping. Mr. Vogel, you may begin.

Gary Vogel

Thank you, and good morning. I'd like to welcome everyone to Eagle Bulk's Second Quarter 2020 Earnings Call. To supplement our remarks today I would encourage participants to access the slide presentation that is available on our website at eagleships.com. Please note that part of our discussion today will include forward-looking statements. These statements are not guarantees of future performance and are inherently subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Please refer to our filings with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties that may have a direct bearing on our operating results, our performance and our financial condition.

Our discussion today also includes certain non-GAAP financial measures, including EBITDA, adjusted EBITDA and TCE. Please refer to the appendix in the presentation and our earnings release filed with the Securities and Exchange Commission for more information concerning non-GAAP financial measures and a reconciliation to the most comparable GAAP financial measures.

Before we begin with our presentation, I would like to take a moment to extend our sincere gratitude once again to our vessel crews who've been severely affected by the logistical

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