Thermon Group Holdings, Inc. (NYSE:THR) Q4 2020 Earnings Conference Call - Final Transcript

Jun 01, 2020 • 11:00 am ET


Thermon Group Holdings, Inc. (NYSE:THR) Q4 2020 Earnings Conference Call - Final Transcript


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Thank you and welcome to the Thermon Group Holdings Fourth Quarter Fiscal Year 2020 Earnings Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions]

I will now turn the conference over to our host, Kevin Fox, Vice President, Corporate Development. Thank you. You may begin.

Kevin Fox

Thank you, Diego. Good morning and thank you for joining today's conference call. We hope everyone is staying safe and healthy during the global pandemic and appreciate your interest in Thermon. Earlier this morning, we issued an earnings press release, which has been filed with the SEC on Form 8-K and is also available on the Investor Relations section of our website. During the call, we will also discuss some items that do not conform to generally accepted accounting principles. We have reconciled those items to the most comparable GAAP measures in the tables at the end of the earnings press release. These non-GAAP measures should be considered in addition to and not as a substitute for measures of financial performance reported in accordance with GAAP.

Before I turn this call over to Bruce, I would like to remind you that during this call we may make certain forward-looking statements regarding our company. Please refer to our annual report and most recent quarterly report filed with the SEC for more information regarding our forward-looking statements, including the risks and uncertainties that could impact our future results. Our actual results may differ materially from those contemplated by these forward-looking statements and we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise except as maybe required by law.

I will now turn the call over to Bruce Thames, our President and Chief Executive Officer for his opening remarks. Thank you, Kevin and good morning. We hope everyone listening is staying safe and in good health. We appreciate you joining our conference call and for your continued interest in Thermon. Jay Peterson, our CFO is with me and will provide additional information on our financial performance after my remarks. Since our last update in February, a lot has changed, but the safety and security of our employees, customers, suppliers and the communities in which we work and live remains a top priority. As a supplier to critical infrastructure, we remained open for business and to continue to support our global customers.

Our crisis response team has been operating since February, leading our global response in coordination with local site management to ensure that we are able to safely operate our manufacturing locations, while being responsive to our customers' needs. Like many others, we have suspended business travel, adopted work from home policies, where possible and implemented staggered shifts, additional PPE, frequent sanitation of common areas and enhanced our health and safety communications for all employees.

Before I address the environment in our results, I wanted to take the opportunity to thank the global Thermon team for how they are exemplifying our values of care,