Oclaro, Inc. (NASDAQ:OCLR) Q3 2018 Earnings Conference Call - Final Transcript

May 02, 2018 • 08:30 am ET


Oclaro, Inc. (NASDAQ:OCLR) Q3 2018 Earnings Conference Call - Final Transcript


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Good morning. My name is Kelly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lumentum Fiscal Third Quarter 2018 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to Chris Coldren, Vice President, Strategy and Corporate Development. Please go ahead.

Chris Coldren

Thank you, Kelly. Welcome to Lumentum's Third Quarter Fiscal 2018 Earnings Call.

This is Chris Coldren, Vice President of Strategy and Corporate Development. Joining me on today's call are Alan Lowe, President and Chief Executive Officer; and Aaron Tachibana, Chief Financial Officer.

This call will include forward-looking statements, including statements regarding the markets in which we operate, including potential market sizes, trends and expectations for products and technology, purchasing trends and demand for our products, Lumentum's expected financial performance, expenses and position in the market, as well as statements regarding our pending acquisition of Oclaro.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expeditions. I encourage you to review our most recent filings with the SEC, particularly the risk factors described in our 10-Q filing for our third quarter ended March 31, 2018, that we expect to be on file with the SEC later today.

The forward-looking statements we provide during this call, including projections for future performance, are based on our reasonable beliefs and expectations as of today. Lumentum undertakes no obligation to update these statements except as required by applicable law.

Please also note, unless otherwise stated, all results and projections are non-GAAP. Non-GAAP financials should not be considered as a substitute for or superior to financials prepared in accordance with GAAP. Our press release with our third quarter fiscal 2018 results is available on our website, www.lumentum.com, under the Investors section, and includes additional details about our non-GAAP financial measures and a reconciliation between our GAAP and non-GAAP results. Our website also has our latest SEC filings, which we encourage you to review, and supplementary slides relating to today's earnings release. A recording of today's call will be available by 11:30 a.m. Pacific Time on our website.

Before turning the call over to Alan, we have some additional comments related to the pending acquisition of Oclaro. Today's call is neither an offering of securities nor solicitation of a proxy vote in connection with our announced transaction with Oclaro. Information discussed today is qualified in its entirety by the proxy statement/prospectus that Lumentum will file with the SEC in connection with our proposed transaction.

Information in the preliminary proxy statement/prospectus may not be complete and may be subject to change. Lumentum may not sell the common stock referenced in the proxy statement/prospectus until the registration statement on Form S-4 that we filed with the SEC becomes effective. We encourage security holders to read the definitive proxy statement/prospectus and other documents filed with the SEC carefully when they become available, because they will contain important information about the proposed transaction.

Further, on