Suburban Propane Partners, L.P. (NYSE:SPH) Q4 2017 Earnings Conference Call - Preliminary Transcript

Nov 16, 2017 • 09:00 am ET


Suburban Propane Partners, L.P. (NYSE:SPH) Q4 2017 Earnings Conference Call - Preliminary Transcript


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Ladies and gentlemen, thank you for standing-by. Welcome to Suburban Propane's Fourth Quarter 2017 Financial Results Conference Call. At this time, all participant lines are in a listen-only mode. Later, there will be an opportunity for your questions, instructions will be given at that time. [Operator Instructions] As a reminder, today's conference call is being recorded. This conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended, relating to the Partnership's future business expectations and predictions, and financial condition and results of operations. These forward-looking statements involve certain risks and uncertainties.

The Partnership has listed some of the important factors that could cause actual results to differ materially from those discussed in such forward-looking statements, which are referred to as cautionary statements in its earnings press release, which can be viewed on the company's website. All subsequent written and oral forward-looking statements attributable to the Partnership or persons acting on its behalf are expressly qualified in the entirety by such cautionary statements. At this time, I would now like to turn the conference over to Davin D'Ambrosio, Vice President and Treasurer. Please go ahead.

Davin D'Ambrosio

Thank you, Lia and good morning, everyone. Thank you for joining us this morning for our fourth quarter and fiscal 2017 full-year earnings conference call. Joining me this morning are Mike Stivala, our President and Chief Executive Officer; Mike Kuglin, Chief Financial Officer and Chief Accounting Officer; and Steve Boyd, our Chief Operating Officer. The morning, we will review our fourth quarter and fiscal 2017 full-year financial results along with our current outlook for the business. As usual, once we've concluded our prepared remarks, we will open the session to questions. However, before getting started, I would like to quickly reemphasize what the operator has explained about forward-looking statements. Additional information of our factors that could cause actual results to differ materially from those discussed in forward-looking statements is contained in the Partnership's SEC filings, including our Form 10-K for the fiscal year ended September 30, 2017, which will be filed on November 22, 2017.

Copies of these filings may be obtained by contacting the Partnership or the SEC. Certain non-GAAP measures will be discussed on this call. We have provided a description of those measures, as well as a discussion of why we believe this information to be useful, in our Form 8-K, which was furnished to the SEC this morning. Form 8-K will be available through a link in the investor relations section on our website at At this point, I'd like to turn the call over to Mike Stivala for some opening remarks. Mike?

Mike Stivala

Thanks, Davin. And thank you all for joining us this morning. I like to start by taking a moment to reflect on this fiscal year that just ended and then provide some thoughts on the new fiscal year. Fiscal 2017 had no shortage of challenges, starting with the unprecedented second consecutive record warm winter heating season, a heating season