SPX FLOW, Inc. (NYSE:FLOW) Q4 2019 Earnings Conference Call - Final Transcript

Feb 11, 2020 • 08:30 am ET


SPX FLOW, Inc. (NYSE:FLOW) Q4 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the SPX FLOW Fourth Quarter 2019 Earnings and 2020 Guidance Call. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Scott Gaffner, VP of Investor Relations. Please go ahead.

Scott Gaffner

Thanks, Sara, and good morning, everyone. This is Scott Gaffner, Vice President of Investor Relations and Strategic Insights for SPX FLOW. Let me start by saying thank you for joining us for a discussion of our fourth quarter and full year 2019 financial highlights. This morning, we issued a news release detailing our financial performance for the three months and year ending December 31, 2019. The news release, along with the presentation to be used during today's webcast, can be accessed on our website, spxflow.com. A replay will also be available on our website later today. Joining me on the call today are Marc Michael, President and CEO; and Jaime Easley, Vice President and Chief Financial Officer. Taking a look at today's agenda. Marc will start with a safety message and then a brief overview of our 2019 performance and 2020 guidance. Jaime will then walk you through details of the Q4 results, our financial position and guidance for the full year and Q1 2020. Marc will wrap up with an update on our strategy. Following our prepared remarks, we'll open the call for questions.

Before we begin, a brief reminder that elements of this presentation contain forward-looking statements that are based on our current view of our business end markets. Those elements are subject to change, and we ask that you view them in that light. Principal risk factors that may impact our performance are identified in our most recent SEC filings. Independent of today's presentation, we've provided reconciliations for all non-GAAP and adjusted measures presented.

And with that, I'll turn the call over to Marc.

Marc Michael

Thanks for the introduction, Scott. It's great to have you on the team. Good morning, everyone, and thanks for joining us on the call. I'd like to start today with a safety message. We never compromise safety. It's an important part of our culture. I would like to extend our thoughts and best wishes to our teams and communities across Asia Pacific, and especially to our team in China, who are working through challenging issues right now. Our crisis management and business continuity teams have been meeting regularly with our leaders in the region to monitor the status of our people, situation reports and other developments and to implement safety protocols. To our teams in region and across the world, we are emphasizing safe, comfortable choices that prioritize personal well-being above all matters. I continue to encourage our global team to think safety first and do the right thing always.

Reflecting on the past four years, we've been on an accelerated pace of transformation and made significant progress on our journey to high performance. 2019 was a pivotal year as we simultaneously delivered improved operational performance, executed key