Lantheus Holdings, Inc. (NASDAQ:LNTH) Q1 2018 Earnings Conference Call - Preliminary Transcript

May 02, 2018 • 04:30 pm ET

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Lantheus Holdings, Inc. (NASDAQ:LNTH) Q1 2018 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Good afternoon ladies and gentlemen. I would like to welcome everyone to Lantheus Holdings First Quarter 2018 Earnings Conference Call. This is your operator for today's call. (Operator Instructions). This call is being recorded for replay purposes. A replay of the audio webcast will be available in the Investors section of the company's website approximately two hours after completion of the call and will be archived for 30 days.

I would now like to turn the call over to your host for today, Meara Murphy, Director Investor Relations and Corporate Communications.

Executive
Meara Murphy

Thank you. Good afternoon everyone and thank you for joining us for Lantheus Holdings first quarter earnings conference call. With me today are Mary Anne Heino, our President and Chief Executive Officer; and Jack Crowley, our Chief Financial Officer. Earlier this afternoon we issued a press release, which was also filed with the Securities and Exchange Commission under Form 8-K, reporting our first quarter results. You can find the release as well as the replay of this call in the Investor section of our website at lantheus.com.

Please note that the remarks we make today regarding future expectations, plans and prospects for the company constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors which we disclosed in more detail in the Risk Factors section of our annual report filed under Form 10-K with the SEC and available on our website.

We remind you that any forward-looking statements represent our views as of today and should not be relied upon as representing our views as of any subsequent date. While we may update any such forward-looking statements in the future, we specifically disclaim any obligation to do so, except as otherwise required by applicable law.

Also, please note that on today's call we will reference certain non-GAAP financial measures with respect to our performance. We use these non-GAAP indicators for financial and operational decision making and as a means to evaluate our performance. Reconciliations to GAAP metrics for EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income, adjusted net income per diluted common share, and free cash flow are set forth in our earnings press release.

Of particular note, these tables include the reconciliation of our GAAP net income to adjusted EBITDA, a metric we consider to be particularly relevant at this time due to the variability of our technology transfer activities and related costs. Mary Anne will begin her comments today with a high-level overview of Q1 and Jack will follow with an overview of our financial performance, along with Q2 and full year guidance.

Mary Anne will then provide updates regarding our corporate growth strategy and programs. After their prepared remarks, both Mary Anne and Jack will take questions. With that, I will turn the call over to Mary Anne.

Executive
Mary Anne Heino

Thank you Meara and good afternoon everyone. Q1 was