Net 1 Ueps Technologies Inc. (NASDAQ:UEPS) Q3 2019 Earnings Conference Call - Final Transcript

May 10, 2019 • 08:00 am ET


Net 1 Ueps Technologies Inc. (NASDAQ:UEPS) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon,and welcome, ladies and gentlemen, to Esterline Technologies First Quarter 2015 Earnings Conference Call. At this time, I would like to inform you that the conference is being recorded and all participants are in a listen-only mode. Also, a replay of today's call will be available for one week by calling this toll free number 1-888-286-8010. You will need the following pin, 31977878. At the request of the company, we will open the question-and-answers session after the presentation. [Operator Instructions] Management has asked that when we get to the question-and-answer portion of today's call that to observe a two-question limit on the first round of questions, so then we have an opportunity for follow-up questions as time allows.

I will now turn the conference over to Mr. Brian Keogh. Please proceed, sir.

Brian D. Keogh

Thank you, operator, and good afternoon, everyone. Curtis Reusser, Esterline's President and CEO and Bob George, Chief Financial Officer are here today to discuss Esterline's first quarter 2015 performance and our strategy and guidance for the balance of 2015. In addition to the number just given you, you can also visit in the Investor Relations section to access the webcast replay of this call.

As always, I need to remind you that our call today contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are not guarantees of future performance. As you know, forward-looking statements always involve risk and uncertainty, which we detail in our public filings with the SEC.

We also will discuss certain financial information on this call that is considered non-GAAP under the SEC's Regulation G. For a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure, please refer to the section in today's press release titled Non-GAAP Financial Information. If you don't have the release, it can be found at under the News and Press Center tab.

I'll now turn the call over to Curtis. Curtis?

Curtis C. Reusser

Good afternoon, and thanks for joining us. Before we get started, I'd like to just take a minute to recognize, thank and bid an excellent retirement to Brian Keogh, our long-time Investor Relations Director. Brian has served Esterline in a number of capacities for nearly 31 years, including as our Investor Relations Officer since 1994. We've lined up a well-qualified successor, Julie Albrecht, a seasoned Financial Director from the United Technologies, who will also take on the corporate treasurer duties.

I worked with Julie at both Goodrich and UTC and we're happy to have her on the Esterline team. Julie will join us next week and Brian will be introducing her around. I'm sure you'll be meeting many -- you'll have many meetings with her face-to-face in the coming months. So, turning to the first quarter. Over the last few months, we continued to make strategic progress. We made important moves to reinforce the company with the introduction of a comprehensive enterprise-wide operating system we call