Innophos Holdings Inc (NASDAQ:IPHS) Q1 2019 Earnings Conference Call - Final Transcript

Apr 30, 2019 • 09:00 am ET


Innophos Holdings Inc (NASDAQ:IPHS) Q1 2019 Earnings Conference Call - Final Transcript


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Greetings and welcome to Innophos First Quarter 2019 Earnings Conference Call. My name is Robert and I'll be your operator for today's call. At this time all participants are in a listen only mode. A question and answer session will follow the formal presentation. (Operator Instructions)

It is now my pleasure to turn the call over to your host Mark Feuerbach, Interim Chief Financial Officer. Thank you. You may begin.

Mark Feuerbach

Good morning and thank you for joining us today for Innophos's first quarter 2019 results conference call. Joining me on the call today is Kim Ann Mink, Chairman, President and Chief Executive Officer.

Please turn to Slide 2. During the course of this call, management may make or reiterate forward looking statements made in this morning's press release regarding financial performance and future events. We will attempt to identify these statements by use of words such as expects, believes, anticipates, intends, estimates and other words that denote future events. These forward looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements.

We caution you to consider the important risks and other factors as set forth in the forward looking statements section and in Item 1A, risk factors in our Annual Report on Form 10-K as filed with the SEC that could cause actual results to differ from those in the forward looking statements made in this conference call. Also I would like to remind you that during the course of this conference call, management will discuss non-GAAP measures in talking about the company's performance. Our adjusted EBITDA financial measure excludes stock-based compensation, currency translation, severance, value chain transition expenses and the associated supplier Q4 2018 payment amortization.

Mexico natural gas supply and balance charges and M&A related costs. Please refer to our press release the appendix of today's presentation and our SEC filings for the GAAP to non-GAAP reconciliations. We will make a replay of this conference call available for a limited time over the telephone at the numbers set forth in the press release and via webcast available on the company website. In addition, please note that the date of this conference call is April 30th, 2019, and the presentation for this call can be found on our website at in the Investor Relations events section. Any forward-looking statements we may make today are based on assumptions that we believe to be reasonable as of this date and we undertake no obligation to update these statements.

Please turn to Slide 3. During the call today, we will be reviewing our first quarter 2019 financial performance and 2019 outlook, after which we will open the call up for questions.

With that please turn to Slide 4, as I turn the call over to Dr. Kim Ann Mink.

Kim Ann Mink

Thanks, Mark, and good morning, everyone, and thank you for joining us today. Our first quarter performance was marked by our ability to deliver an adjusted EBITDA margin in