Optical Cable Corp. (NASDAQ:OCC) Q4 2019 Earnings Conference Call - Final Transcript

Jan 27, 2020 • 10:00 am ET

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Optical Cable Corp. (NASDAQ:OCC) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning. My name is Maria, and I'll be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation Fourth Quarter and Fiscal Year 2019 Earnings Conference Call. [Operator Instructions]

Mr. Palash, you may begin your conference.

Executive
Aaron Palash

Thank you.

Good morning, and thank you, all, for participating on Optical Cable Corporation's fourth quarter and fiscal year 2019 conference call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit www.occfiber.com for a copy.

On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC, and Tracy Smith, Senior Vice President and Chief Financial Officer.

Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual future results of Optical Cable Corporation may differ materially due to a number of uncertainties and risks, including but not limited to those factors referenced in the forward-looking statement section of this morning's press release. These cautionary statements apply to the contents of the Internet webcast on www.occfiber.com as well as today's call.

With that, I'll turn the call over to Neil Wilkin. Neil, please begin.

Executive
Neil D. Wilkin

Thank you, Aaron, and good morning, everyone.

I will begin the call today with a few opening remarks. Tracy will then review the fourth quarter and full year results for the three month and 12 month periods ended October 31, 2019 in some additional detail. After Tracy's remarks we will answer as many of your questions as we can. As is our normal practice, we will only take questions from analysts and institutional investors during the Q&A session. However, we also offer other shareholders the opportunity to submit questions in advance of our earnings call. Instructions regarding such submissions are included in our press release announcing [Technical Issues] and time of our call today.

Before we get to the results, I want to take this opportunity to reflect on where OCC is as a company and why we believe OCC's future is so bright.

Optical Cable Corporation is uniquely positioned in the fiber optic and copper cabling and connectivity industry with core strengths and capabilities which are valuable assets. For decades, OCC used its core strengths and capabilities to grow sales and successfully compete against a host of much larger competitors by offering top tier products and application solutions. Often, OCC competes with different larger competitors in OCC's different targeted markets.

OCC's core strengths and capabilities include: first, OCC has enviable market positions, brand recognition as well as the loyalty and relationships with customers, decision makers and end users across a broad range of targeted markets including [Technical Issues] industrial, mining, oil and gas, broadcast, military and other harsh environment and specialty markets; second, we have a broad and diverse geographic footprint. OCC sells into approximately 50 countries every year; third, OCC has extensive industry experience and expertise. Our engineering, sales and business development teams are