Schweitzer-Mauduit International Inc. (NYSE:SWM) Q1 2020 Earnings Conference Call - Final Transcript

May 07, 2020 • 08:30 am ET

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Schweitzer-Mauduit International Inc. (NYSE:SWM) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Welcome to the SWM's First Quarter 2020 Earnings Conference Call. Hosting the call today from SWM is Dr. Jeff Kramer, Chief Executive Officer. He is joined by Andrew Wamser, Chief Financial Officer; and Mark Chekanow, Director of Investor Relations. Today's call is being recorded and will be available for replay later this afternoon. [Operator Instructions]

It is now my pleasure to turn the floor over to Mr. Chekanow. Sir, you may begin.

Executive
Mark Chekanow

Thank you, Tamia. Good morning. I'm Mark Chekanow, Director of Investor Relations at SWM. Thank you for joining us to discuss SWM's First Quarter 2020 Earnings Results.

Before we begin, I'd like to remind you that the comments included in today's call include forward-looking statements. Actual results may differ materially from the results suggested by these comments for a number of reasons, which are discussed in more detail in our Securities and Exchange Commission filings, including our quarterly reports on Form 10-Q and our annual report on Form 10-K.

In particular, the extent to which the COVID-19 pandemic ultimately impacts our business is uncertain and depends on numerous evolving factors which are difficult to predict, including the duration and scope of the pandemic and the actions taken in response to it.

Some financial measures discussed during this call are non-GAAP financial measures. Reconciliations of these measures to the closest GAAP measures are included in the appendix of this presentation and the earnings release. Unless stated otherwise, financial and operational metric comparisons are to the prior year period and relate to continuing operations. This presentation and the earnings release are available on the Investor Relations section of our website, www.swmintl.com.

I'll now turn the call over to Jeff.

Executive
Jeffrey (Jeff) Kramer

Thank you, Mark, and good morning, everyone. Clearly, this is an unusual and challenging time with the entire world dealing with the various impacts of the coronavirus pandemic. So we will spend much of our time today on interpreting impacts to our people, operations, end markets and financials.

I'd like to begin by expressing appreciation on behalf of both the SWM executive team and the Board of Directors for our employees across the world for their incredible dedication and efforts in recent months. Operating under extremely difficult circumstances, our organization rose to the challenge and demonstrated a deep commitment to each other, the company and our customers.

While we are working hard to mitigate the business impacts of COVID-19, our top priority remains the health and well-being of the SWM family. To that end, we have effectively implemented strict hygiene and distancing protocols at our sites as well as work-from-home requirements for those whose roles allow this.

As you can imagine, operating a global supply chain in these times is increasingly challenging, but our teams have truly responded, enhancing safety and ensuring our ability to supply our customers who depend on us to keep their plants operating. We benefited by using the safety and hygiene practices from our Chinese operations, which were one of the first impacted but are now fully up