General Finance Corporation (NASDAQ:GFN) Q4 2019 Earnings Conference Call - Final Transcript

Sep 11, 2019 • 11:30 am ET


General Finance Corporation (NASDAQ:GFN) Q4 2019 Earnings Conference Call - Final Transcript


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Welcome to General Finance Corporation's Earnings Conference Call for the Fourth Quarter and Fiscal Year Ended June 30, 2019. Hosting the call today from the company's corporate office in Pasadena, California are Mr. Jody Miller, President and Chief Executive Officer; and Mr. Charles Barrantes, Executive Vice President and Chief Financial Officer. Today's call is being recorded and will be available for replay beginning at 2:30 p.m. Eastern. At this time, all participants have been placed in a listen-only mode. And the floor will be open for your questions following the presentation. [Operator Instructions] It is now my pleasure to turn the call over to Mr. Chris Wilson, Vice President, General Counsel and Secretary of General Finance Corporation. Please go ahead, Mr. Wilson.

Christopher Wilson

Thank you, operator. Before we begin today, I would like to remind you that this conference call may contain certain forward-looking statements. Such forward-looking statements include, but are not limited to our views with respect to future financial and operating results, competitive pressures, increases in interest rates for our variable-rate indebtedness, our ability to raise capital or borrow additional funds, the availability of sufficiently qualified employees to staff our businesses, changes in the Australian, New Zealand or Canadian dollar relative to the U.S. dollar, regulatory changes, customer defaults or insolvencies, litigation, acquisition of businesses that do not perform as we expect or that are difficult for us to integrate or control, our ability to secure adequate levels of products to meet customer demand, our ability to procure adequate supplies for our manufacturing operations, labor disruptions, adverse resolution of any contract or disputes with customers, declines in demand for our products and services from key industries such as the Australian construction and transportation industries or the U.S. construction and oil and gas industries or write-off of all or in part of our goodwill and intangible assets.

These risks and uncertainties could cause actual outcomes or results to differ mature from those described in our forward-looking statements. We believe that the expectations represented by our forward-looking statements are reasonable, but there can be no assurance that such expectations will prove to be correct. For more details regarding these risks, please see the Risk Factors section of our periodic reports filed with the SEC and posted to our website at

These forward-looking statements represent the judgment of the company at this time, and General Finance Corporation disclaims any intent or obligation to update the forward-looking statements. In this conference call, we will also discuss certain non-U.S. GAAP financial measures such as adjusted EBITDA. A reconciliation of how we define and arrive at adjusted EBITDA is in our earnings release, and will be included in our annual report on Form 10-K.

And now, I turn the call over to Jody Miller, President and Chief Executive Officer. Jody, please go ahead.

Jody Miller

Thank you, Chris. Good morning, and we appreciate you joining us today for our fourth-quarter fiscal year 2019 conference call. I will begin with a brief discussion of our operations, then our