PGT Innovations, Inc. (NYSE:PGTI) Q1 2020 Earnings Conference Call - Final Transcript

May 13, 2020 • 10:30 am ET


PGT Innovations, Inc. (NYSE:PGTI) Q1 2020 Earnings Conference Call - Final Transcript


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Good day and welcome to the PGT Innovations First Quarter 2020 Earnings Call. Today's conference is being recorded. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] I would now like to turn the conference over to Sherri Baker, Senior Vice President and Chief Financial Officer. Please go ahead.

Sherri Baker

Thank you, operator. Good morning everyone and thank you for joining us on the call today. On the Investors section of the company's website, you will find the earnings press release with our first quarter 2020 results, as well as the slide presentation we have posted to accompany today's discussion. This webcast is being recorded and will be available for replay on the company's website.

Before we begin our prepared remarks, please direct your attention to the disclosure statement on Slide 2 of the presentation as well as the disclaimers included in the press release related to forward-looking statements. Today's remarks contain forward-looking statements, including statements about our 2020 outlook and the impact of COVID-19 that may involve risks, uncertainties and other factors that could cause actual results to differ materially. This disclaimer is a brief summary of the company's statutory forward-looking statements disclaimer, which is included in the company's filings with the SEC.

Additionally, on Slide 3, you should also note that we report results using non-GAAP measures, which we believe provide additional information for investors to help facilitate comparison of prior and present performance. A reconciliation to the most directly comparable GAAP measures is included in the tables attached to the earnings release and in the appendix of the slide presentation.

I am joined today by PGT Innovations' CEO and President, Jeff Jackson. After our prepared remarks, he will be available to take your questions. I will now hand the call over to Jeff for opening remarks.

Jeffrey T. Jackson

Thank you, Sherri, and good morning everyone and thank you for joining us this morning. We, along with every other company are navigating through an incredible dynamic marketplace as a result of the COVID-19 pandemic. I would like to start off the call this morning by expressing how extremely proud I am of all our employees for continuing to deliver high-quality product and service to our customers, while maintaining, as a top priority, the safety and health of our team members, customers and communities. I also want to thank our customers, suppliers, as well as our employees for their support during these challenging times.

Next, a few words on how we are handling the COVID-19 pandemic at PGT Innovations. As providers of essential products and services, we are an important partner to our customers and suppliers and this is a responsibility we take seriously. Early on, we took measures to protect the health, safety of our team members while enabling our manufacturing operations to continue. When the pandemic first appeared, we formed a COVID task force to immediately study the effects that COVID-19 could have on our company. Early on, we implemented a comprehensive action plan focused on the