Superior Drilling Products, Inc. (NYSE MKT:SDPI) Q1 2019 Earnings Conference Call Transcript

May 09, 2019 • 12:00 pm ET


Superior Drilling Products, Inc. (NYSE MKT:SDPI) Q1 2019 Earnings Conference Call Transcript


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Greetings. Welcome to Superior Drilling Products Incorporated First Quarter 2019 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) Please note this conference is being recorded. I will now turn the conference over to your host, Deb Pawlowski, Investor Relations. Ms. Pawlowski you may begin.

Deborah Pawlowski

Thanks, Jeremy, and good afternoon, everybody. We certainly appreciate your time today and your interest in Superior Drilling Products. Joining me on the call are Troy Meier, our Chairman and CEO; and Chris Cashion, our Chief Financial Officer. You should have a copy of the financial results that were released before the markets opened this morning and you should also have the slides that will accompany our conversation today. You can find both of those documents on our website at If you are aware, we may make some forward-looking statements during the formal discussion as well as during the Q&A session. These statements apply to future events that are subject to risks and uncertainties as well as other factors that could cause the actual results to differ materially from what is stated here today.

These risks and uncertainties and other factors are provided in the earnings release the slides and other documents filed by the Company with Securities and Exchange Commission. These documents can be found on our website or at I'd like to also point out that during today's call, we will discuss some non-GAAP measures which we believe will be useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or the substitute for results prepared in accordance with GAAP. We have provided reconciliations of non-GAAP with comparable GAAP measures in the tables accompanying the earnings release, as well as in the slide deck.

So with that, I'm going to turn it over to Troy to begin. Troy?

Troy Meier

Thanks, Deb, and thanks everyone for joining us for our first quarter 2019 financial results call. Let's turn to Slide 4 in the deck presentation and as you'll see this is slides going to be talking about the opportunities the Company has and the opportunities that we're following through on. If we look at our the opportunity that we have with the enhanced contract service part of our business, that's moving forward very well as we strengthen our relationship with our legacy partners, customers and go inside of their products and their product lines and seeing how we can help them with additional fleet maintenance that we're doing it's not just bits anymore, we're maintaining another product line for them and as we look at these product lines that needs the same type of fleet maintenance that we've been doing for years on the bits, we also recognize an opportunity to manufacture these parts. So there's some good upside going forward as we look at the various product lines that some of these major service companies need additional support in the manufacturing and also