ARC Document Solutions, Inc. (NYSE:ARC) Q1 2020 Earnings Conference Call - Final Transcript

May 05, 2020 • 05:00 pm ET


ARC Document Solutions, Inc. (NYSE:ARC) Q1 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the ARC 2020 Q1 Earnings Report Conference call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Mr. David Stickney, Vice President of Investor Relations. Thank you. Please go ahead, sir.

David Stickney

Thank you, Atisi and welcome everyone. On the call with me today are Suri Suriyakumar, our Chairman, President and Chief Operating Officer -- pardon me, Chief Executive Officer; Dilo Wijesuriya, our Chief Operating Officer; and Jorge Avalos, our Chief Financial Officer. Our first quarter results for 2020 were publicized earlier today in a press release. The press release and other company materials are available from our Investor Relations pages on ARC Document Solutions website at In today's earning announcement, ARC offered expanded supplemental disclosures to provide shareholders and analysts with additional information in advance of our quarterly conference call. The disclosures are largely historical and will not be read on today's call.

Please note that today's call will contain forward-looking statements that fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are only predictions based on information as of today, May 5, 2020, and actual results may differ materially as a result of risks and uncertainties that we highlight in our quarterly and annual SEC filings. This call will also contain references to certain non-GAAP measures, which are reconciled in today's press release and in our Form 8-K filing.

I'll now turn the call over to our Chairman, President and CEO, Suri Suriyakumar. Suri? Thank you, David, and welcome, everyone. We appreciate your interest in the company during this extraordinary time. I hope you and your families are healthy and staying safe as the pandemic continues. As we stated in our last call, 2019 challenged us to reconfigure our product and service portfolios to adapt to a transforming market and focus on returning shareholder value. Our actions in the second half of 2019 were starting to deliver results this year when COVID-19 was declared a pandemic by the World Health Organization. It instantly changed everything. Many of you may not realized that ARC is considered an essential service. We serve critical industries such as construction, utilities, health care and more. All but five of our service centers have remained open throughout the pandemic thus far, supporting other essential businesses across the country. In addition, our work on critical construction and infrastructure projects, there are other demands such as a universal need for health and safety signage in locations where our customers are still at work performing essential services. Moreover, we are also producing operating manuals and other documentation for companies who manufacture much needed medical devices and virus testing equipment. Contrary to what many may have thought, we not only have been keeping up with the demand of our services, but also supporting the communities around us during these critical times. Like other businesses that have deep roots in their local communities, we put