NV5 Global, Inc. (NASDAQ:NVEE) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 04:30 pm ET


NV5 Global, Inc. (NASDAQ:NVEE) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon, everyone, and thank you for participating in today's conference call to discuss NV5's Financial Results for the Third Quarter ended September 28th, 2019. Joining us today are Dickerson Wright, Chairman and CEO of NV5; Edward Codispoti, CFO of NV5; and Richard Tong, Executive Vice President and General Counsel of NV5.

I would now like to turn the call over to Richard Tong.

Richard Tong

Thank you, operator. Before we proceed, I would like to remind everyone that this conference call may contain forward-looking statements within the meaning of the safe harbor provisions of provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements concerning future events and future financial performance. The company cautions that these statements are qualified by important factors, including those discussed in the Risk Factors section of NV5's annual report on Form 10-K for the year-end December 29, 2018, which is on file with the Securities and Exchange Commission, as well as in other documents that the company files with the commission from time to time.

These factors could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. While the company may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so even if estimates change and therefore, you should not rely on these forward-looking statements as representing views as of any date subsequent to today. During this call, GAAP and non-GAAP financial measures will be discussed. A reconciliation between the two is available in today's earnings release and on the company's website at www.nv5.com. Please note that unless otherwise stated, all references to third quarter 2019 comparisons are being made against the third quarter of 2018. I would like to remind everyone that a webcast replay of this call and the company presentation will also be available via the link provided in today's news release and the Investors section of the company's website. Any redistribution, retransmission or rebroadcast of this call in any way without the express written consent of NV5 Global, Inc. is strictly prohibited.

We will begin the call with comments from Dickerson Wright, Chairman and CEO of NV5, before turning the call over to Edward Codispoti, Chief Financial Officer, for a review of the third quarter 2019 results and outlook for 2019. We will then open the call for your questions. Finally, I would like to remind you that the presentation we will be reviewing during this call can be found at our Investor website at ir.nv5.com.

Dickerson, please go ahead.

Dickerson Wright

Thank you, Richard, and thanks to everyone who is joining us today for NV5's third quarter 2019 conference call. We are pleased to announce results for our quarter three and some exciting news from NV5 in addition to that. I will start with the performance of the organization in the third quarter and provide a year-over-year analysis against the third quarter of 2018. I will then review some of our operational accomplishments for the