Mitcham Industries Inc. (NASDAQ:MIND) Q3 2020 Earnings Conference Call - Final Transcript
Dec 05, 2019 • 09:00 am ET
Greetings and welcome to Mitcham Industries' Fiscal year Third quarter 2020 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Mr. Ken Dennard.
Thank you, operator. Good morning, everyone, and welcome to the Mitcham Industries Fiscal 2020 Third Quarter Conference call. We appreciate all of you joining us today. Your hosts are Rob Capps, Co-Chief Executive Officer and Chief Financial Officer; and Guy Malden, Co-Chief Executive Officer and Executive Vice President of Marine Systems.
Before I turn the call over to management, I have the normal housekeeping details to run through. If you'd like to listen to a replay of today's call, it will be available for 90 days via webcast by going to the Investor Relations section of the company's website at mitchamindustries.com or via a recorded instant replay until December 12. Information on how to access these replay features was provided in yesterday's earnings release. Information reported on this call speaks only as of today, Thursday, December 5, 2019, and therefore, you are advised that time-sensitive information may no longer be accurate as of the time of any replay listening or transcript reading.
Before we begin, let me remind you that certain statements made by management during this call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the company is unable to predict or control that may cause the company's actual future results or performance to materially differ from any future results or performance expressed or implied by these statements. These risks and uncertainties include the risk factors disclosed by the company from time to time in its filings with the SEC, including its annual reform on report on Form 10-K for the year ended January 31, 2019.
Furthermore, as we start this call, please also refer to the statement regarding forward-looking statements incorporated in our press release issued yesterday, and please note that the contents of our conference call this morning are covered by these statements.
And now with that behind me, I'd like to turn the call over to Guy Malden. Guy?
Guy M. Malden
Thanks, Ken, and good morning, everyone. We would like to thank you for joining us today for our fiscal 2020 third quarter conference call. I'll begin by making some general comments about the third quarter. Rob will then discuss our financial results in more detail and briefly address our market outlook. I'll close with a few final comments, and we will then open the call for questions.
So let me begin by making a few brief comments about the quarter. The third quarter was a marked improvement sequentially and slightly better than our recent expectations not just in revenues, but in operating income, adjusted