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Calfrac Well Services Ltd (CFWFF) CEO George Armoyan on Q1 2022 Results - Earnings Call Transcript

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Calfrac Well Services Ltd (OTCPK:CFWFF) Q1 2022 Earnings Conference Call May 3, 2022 12:00 PM ET

Company Participants

Michael Olinek - CFO

George Armoyan - Interim CEO & Director

Conference Call Participants

Keith MacKey - RBC Capital Markets

Cole Pereira - Stifel Nicolaus

John Gibson - BMO Capital Markets

Waqar Syed - ATB Capital Markets

Andrew Pelvic - Millennium


Good day, and welcome to the Calfrac Well Services Ltd. First Quarter 2022 Earnings Release and Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mike Olinek, Chief Financial Officer. Please go ahead, sir.

Michael Olinek

Thank you. Good morning, and welcome to our discussion of Calfrac Well Services first quarter 2022 results. Joining me on the call today are George Armoyan, Calfrac's Interim Chief Executive Officer and Lindsay Link, Calfrac's President and Chief Operating Officer.

This morning's conference call will be conducted as follows: George will provide some opening commentary, after which I will summarize the financial position and performance of the company. George will then provide an outlook for Calfrac's business and some closing remarks.

After the completion of our prepared remarks, we will open the conference call to questions.

In a news release issued earlier today, Calfrac reported its unaudited first quarter 2022 results. Please note that all financial figures are in Canadian dollars unless otherwise indicated.

Some of our comments today will refer to non-IFRS measures such as adjusted EBITDA and operating income. Please see our news release for additional disclosure on these financial measures. Our comments today will also include forward-looking statements regarding Calfrac's future results and prospects. We caution you that these forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause our results to differ materially from our expectations.

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