Nexeo Solutions, Inc. (NASDAQ:NXEO) Q4 2018 Earnings Conference Call Transcript
Dec 06, 2018 • 10:00 am ET
Hello, and welcome to today's webcast. My name is James, and I'll be your web event specialist today. (Operator Instructions)
It is now my pleasure to turn the webcast over to Michael Everett, VP, Investor Relations and Treasurer for Nexeo Solutions. Mr. Everett, the line is yours.
Good morning, everyone, and welcome to Nexeo's fourth quarter and fiscal year 2018 corporate update. With me today are David Bradley, CEO and Ross Crane, CFO.
Yesterday, we released our results for the period ended September 30, 2018, including a supplemental slide presentation to accompany this morning's conference call. Both of these items can also be found on our website in the Investor Relations section at nexeosolutions.com.
For today's call, David will begin by providing a brief overview of our operations for the quarter and Ross will then touch on the key financial results. After which, David will return to provide a few closing comments. Immediately, after the prepared remarks, we will open the line for Q&A.
(Forward-looking Cautionary Statements)
In addition to disclosing financial results that are determined in accordance with Generally Accepted Accounting Principles or GAAP, the company also provides certain non-GAAP financial measures. Management believes that by providing this additional information, it is useful to investors to allow them to better assess and understand the operating performance and trends of the business. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measures can be found in the appendix at the end of the slides.
With that, I'll turn the call over to David for his opening comments.
David A. Bradley
Thank you, Michael, and good morning, everyone. Success in this industry takes a strong foundation and a progressive mindset. Nearly eight years ago with the formation of Nexeo Solutions, we embarked on our journey toward market leadership through defining distribution.
Pursuing years of that journey with our growth, change and challenge. In our pursuit to discover and provide true end-to-end solutions, we developed the strategy that relied on technology to optimize resources, systems and processes. Through our collective efforts, we made great strides, solidifying our foundation and transforming our service offering into core competencies.
We view the merger with Univar as the right next step at the right time for Nexeo, because it is aligned with our vision to create a true marker leader. By combining the best of the best from both companies, we create the ability to significantly expand the breadth and scope of services to our industry partners, which ultimately then translates into value creation for our shareholders.
Throughout our discussions, it became increasingly clear that our two companies are an ideal strategic fit. The merger will produce a true industry leader, fueled by Nexeo's proprietary operating platform, which will be a catalyst for suppliers to choose distribution as their preferred channel to market.
Since the merger announcement a few months ago, we filed the preliminary proxy statement as well as the necessary regulatory filings. In November, we announced the expiration of the HSR period. This pre-merger clearance