Camtek Ltd. (NASDAQ:CAMT) Q4 2018 Earnings Conference Call Transcript

Feb 13, 2019 • 10:00 am ET


Camtek Ltd. (NASDAQ:CAMT) Q4 2018 Earnings Conference Call Transcript


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Welcome to Camtek's Fourth Quarter and Full-Year 2018 Results Conference Call. All participants are at present in a listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded. You should have all received by now the Company's press release. If you've have not received it, please contact Camtek's Investor Relations team at GK Investor and Public Relations at 1-646-688-3559 or view it in the News section of the Company's web site at

I would now like to hand over the call to Mr. Kenny Green of GK Investor Relations, Mr Green, would you like to begin please?

Kenny Green

Thank you. Thank you, operator, and good day to all of you. I would like to welcome all of you to Camtek's fourth quarter and full-year 2018 results conference call. And I would also like to thank Camtek's management for hosting this call. With us on the line today are Mr. Rafi Amit, Camtek's CEO; Mr. Moshe Eisenberg, Camtek's CFO; and Mr. Ramy Langer, Camtek's COO. Rafi will provide the overview of Camtek's results and discuss market trends in the fourth quarter of 2018. Moshe will then summarize the financial results of the quarter. We will then open the call for the question-and-answer session.

Before we begin, I'd like to remind all our listeners that certain information provided on this call are internal Company estimates unless otherwise specified. This call may also contain forward-looking statements. These statements are only predictions and may change as time passes. Statements on this call are made as of today and the Company undertakes no obligations to update any of the forward-looking statements contained, whether as a result of new information, future events, changes in expectations or otherwise. Investors are reminded that actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for services and products, the timing and development of new services and products and their adoption by the market, increased competition in the industry and price reductions, as well as due to other risks identified in the Company's filings with the SEC. Please note that the Safe Harbor statement in today's press release also covers the contents of this conference call.

In addition, during this call, certain non-GAAP financial measures will be discussed. These are used by management to make strategic decisions, forecast future results and evaluate the Company's current performance. Management believes that the presentation of non-GAAP financial measures are useful to investors understanding and assessment of the Company's ongoing core operations and prospects for the future. A full reconciliation of non-GAAP to GAAP financial measures are included in today's earnings release.

And I would now like to hand the call over to Rafi, Camtek's CEO. Rafi, please go ahead.

Rafi Amit

Good morning and thank you for joining our call today. Camtek delivered excellent result for the fourth quarter of 2018 and for the whole year of 2018. The Company showed strong