Emerald Expositions Events, Inc. (NYSE:EEX) Q3 2018 Earnings Conference Call Transcript
Nov 01, 2018 • 11:00 am ET
Greetings, and welcome to the Emerald Expositions Events Incorporated Third Quarter 2018 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Phil Evans.
Thank you, Operator, and good morning, everyone. We appreciate your participation today in our third quarter 2018 earnings call. With me here in San Juan Capistrano, California, is David Loechner. As a reminder, a replay of this call will be available on the Investors section of our website through 11:59 p.m. Eastern Time on November 8, 2018. (Forward-Looking Cautionary Statements) Additionally, during today's call, we'll discuss non-GAAP measures, which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to the most comparable GAAP measure can be found in our earnings release. Now I'll turn the call over to David.
Thanks, Phil, and good morning, everyone. As we announced this morning, with the agreement of the Emerald board, I have made the decision to resign as President and CEO of Emerald effective a week from today. Phil has been appointed by the board to Interim President and CEO until a permanent replacement is identified. Looking forward, I will continue to work with Phil and the entire Emerald leadership team through year-end to ensure the transition is smooth. It's been an honor and privilege to lead Emerald over the last eight years and to have worked with so many talented people. Together, we've built Emerald into the leading business-to-business trade show operator in the US, which culminated in our successful initial public offering last year. Today, we have a strong foundation, consisting of a portfolio of industry-leading shows, which positions Emerald for continued success. Additionally, we've executed on our acquisition strategy to enhance the growth profile of the company while continuing to build the portfolio. That said, we've not achieved all of the successes that I know are possible for this portfolio of brands. As Phil will touch on in a moment, I believe that the initiatives we've put in place to reinvigorate the performance of several of our larger shows are beginning to have an impact. There is more to be accomplished, and I believe that a change in leadership will allow the portfolio to achieve its full potential. Phil, it's been a terrific experience working with you. I'll leave the rest of the call to you as well as the Q&A. Phil?