CSW Industrials, Inc. (NASDAQ:CSWI) Q4 2020 Earnings Conference Call - Final Transcript

May 20, 2020 • 10:00 am ET


CSW Industrials, Inc. (NASDAQ:CSWI) Q4 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Greetings, and welcome to the CSW Industrials, Inc. Fourth Quarter 2020 Earnings Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions]

It is now my pleasure to introduce your host, Adrianne Griffin, Vice President of Investor Relations. Thank you. You may begin.

Adrianne D. Griffin

Thank you, Doug. Good morning, everyone, and welcome to CSW Industrials fiscal fourth quarter 2020 earnings call. Joining me today are Joseph Armes, Chairman, Chief Executive Officer and President of CSW Industrials; and James Perry, Executive Vice President and Chief Financial Officer. If you have not received the earnings release, it is available on our website at www.cswindustrials.com. This call is being recorded. A replay of today's call will be available and details on how to access the replay are in the earnings release.

During this call, we will be making forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results could materially differ because of factors discussed in today's earnings release and in the comments made during this call as well as the Risk Factors section of our annual report on Form 10-K and other filings with the SEC. We do not undertake any duty to update any forward-looking statements.

This call will also include an analysis of adjusted operating income, net income and earnings per share, which are non-GAAP financial measures of performance. These non-GAAP measures should be used as a supplement to and not a substitute for operating income, net income and earnings per share computed in accordance with GAAP. For a more complete discussion of adjusted operating income, net income and earnings per share, see our earnings release.

I will now turn the call over to Joe Armes.

Joseph B. Armes

Thank you, Adrianne. Good morning, and thank you for joining our fiscal fourth quarter conference call. Before we discuss our results and outlook, we'd like to extend our sincere wishes for a full recovery to everyone who's been affected by COVID-19, and also express our gratitude to the many frontline responders diligently working to ensure the safety of our communities.

I would like to also welcome James Perry to our team as our Executive Vice President and Chief Financial Officer. As you read in our April press release, James has been serving in a consulting capacity for the last few weeks, ensuring a seamless transition. We are extremely pleased to have James as a part of our executive leadership team. He brings a wealth of experience and a demonstrated track record of success that I expect will continue here at CSWI.

Given the current environment, I will expand on our response to the current pandemic, make a few comments on our fourth fiscal quarter and fiscal full-year 2020 results and financial performance and discuss our outlook for fiscal 2021. I will then hand the call off to James for a closer look at the numbers. In preparing our remarks for this quarter, we were reminded of our earnings call in February where