Mohawk Group Holdings Inc (NASDAQ:MWK) Q1 2020 Earnings Conference Call - Final Transcript

May 11, 2020 • 05:00 pm ET


Mohawk Group Holdings Inc (NASDAQ:MWK) Q1 2020 Earnings Conference Call - Final Transcript


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Ladies and gentleman, thank you for standing by and welcome to the Mohawk Group Holdings Incorporated Q1 Earnings Report Call. [Operator Instructions]

I would now like to hand the conference over to your speaker, Ilya Grozovsky. Please go ahead.

Ilya Grozovsky

Thank you for joining us today to discuss Mohawk's first-quarter earning results. On the today call are Yaniv Sarig, Co-Founder and CEO and Fabrice Hamaide, Chief Financial Officer. A copy of today's press release is available on the Investor Relations section of Mohawk;s website at

I would like to remind you that certain statements we will make in this presentation are forward-looking statements. And these forward-looking statements reflect Mohawk's judgment and analysis only as of today and actual results may differ materially from current expectations based on a number of factors affecting Mohawk's business. Accordingly, you should not place undue reliance on these forward-looking statements.

For a more thorough discussion of the risks and uncertainties associated with the forward-looking statements to be made in this conference call and webcast, we refer you to the disclaimer regarding forward-looking statements that is included in our first quarter earnings release, as well as our filings with the SEC. We do not undertake any obligation to update or alter any forward-looking statements whether as a result of new information, future events or otherwise.

In addition, the company may refer to certain non-GAAP metrics on this call. Explanation of these metrics and a reconciliation of non-GAAP to U.S. GAAP metrics can be found in the earnings release filed earlier today.

With that, I will turn the call over to Yaniv.

Yaniv Sarig

Thanks, Ilya and good afternoon everyone. Thank you for joining us today for this call. I would like to first and foremost thank our entire team at Mohawk for all their hard work during the last several months. Many of whom have been working remotely during this challenging time.

Keeping our people safe continues to be our number one priority. I would also like to thank our vendors, suppliers and other business partners who have been incredibly supportive in helping us ensure we have business continuity. For those on the call, we hope that you and your family and loved ones are safe and healthy.

COVID-19 has been a clear reminder to all of us that that we can't retake our reality for granted and I don't end up driving your mindset is essential to adapt in times of crisis. Mohawk's vision is rooted in leveraging data and supply chain agility to quickly adapt to market needs, without limiting ourselves to a particular category of products. The events of last month were an important opportunity to put our business model and our culture to the test.

I'm very proud of the adaptability that our team has demonstrated through this crisis. We announced last week that we have launched a new consumer brand called Holonix to meet the demand for personal protection products. Identifying through the data, the type of products consumers need during a pandemic is