Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Q1 2018 Earnings Conference Call Transcript

Apr 27, 2018 • 08:30 am ET


Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Q1 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Monotype's First Quarter 2018 Financial Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Chris Brooks, Vice President of Finance and Investor Relations. You may begin.

Christopher Brooks

Thank you, Judy. Good morning to everyone. Thank you for joining us for Monotype's First Quarter 2018 Financial Conference Call. With me this morning are Scott Landers, President and Chief Executive Officer; and Tony Callini, Executive Vice President and Chief Financial Officer.

Before we begin, I'd like to remind everyone that matters we're discussing today and the information contained in the press release issued by the Company earlier this morning announcing our first quarter 2018 financial results that are not historical facts are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including predictions, estimates, expectations and other forward-looking statements generally identifiable by the use of the word believes, will, expects or similar expressions, are subject to risks and uncertainties that could cause actual results to differ materially.

Accordingly, participants on today's call are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of today's date, April 27, 2018. Information on the potential factors and detailed risks that could affect the Company's actual results of operations is included in the Company's filings with the SEC. The Company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in our first quarter 2018 press release or on this morning's conference call, other than through the filings that will be made with the SEC concerning this reporting period.

Additionally, I'd like to remind you that today's discussion will include references to non-GAAP net adjusted EBITDA and non-GAAP diluted EPS, which are intended to serve as a further complement to our results provided in accordance with generally accepted accounting principles. A reconciliation of these non-GAAP measures can be found in our press release. In addition, a link to today's call can be found under Events in the Investors section of our website at The call will be archived on our website for one year.

And now I'd like to turn the call over to Scott Landers. Scott?

Scott E. Landers

Good morning, and thanks for joining us. Monotype had a solid first quarter. Revenue finished at the high end of our guidance range. Our Creative Professional business continues to perform well, driven by the great work of our enterprise sales organization and consistent execution against our strategy. Our unique value proposition is clearly resonating with Global 2000 brands. OEM performed in line with our operating expectations when considering the anticipated headwinds. On today's call, I'll discuss our performance as well as progress against our business goals. Tony will provide