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IAA, Inc. (IAA) CEO John Kett on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 11:42 PM ETRB Global, Inc. (RBA)
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IAA, Inc. (IAA) Q2 2021 Earnings Conference Call August 3, 2021 9:00 AM ET

Company Participants

Arif Ahmed - Vice President, Treasury

John Kett - President & Chief Executive Officer

Vance Johnston - Chief Financial Officer

Conference Call Participants

Christopher Bottiglieri - Exane BNP Paribas

Joe Hines - Truist Securities

Craig Kennison - Baird

Daniel Imbro - Stephens Inc.

Bret Jordan - Jefferies

Lee Jagoda - CJS Securities

Gary Prestopino - Barrington Research


Hello, and welcome to the Insurance Auto Auctions, Inc.'s Q2 2021 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded.

I would now turn the conference over to Arif Ahmed, Vice President of Treasury. Mr. Ahmed, please go ahead.

Arif Ahmed

Thanks, Keith. Good morning, everyone. Thanks for joining us today for IAA's second quarter fiscal 2021 earnings conference call. Speaking today are John Kett, Chief Executive Officer and President and Vance Johnston, our Chief Financial Officer. After John and Vance have made their formal remarks, we will open the call to questions.

Before we begin, I would like to remind you that certain comments made during this call regarding our plans, strategies and goals and our anticipated financial performance constitute forward-looking statements and are made pursuant to and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current assumptions and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from such statements.

Those important factors are referred to in IAA's press release issued today and in the Risk Factors section included in our Annual Report on Form 10-K for the year-ended December 27, 2020, filed with the SEC on February 22, 2021. Forward-looking statements made today are as of the date of this call, and

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