Sanmina Corporation (NASDAQ:SANM) Q3 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 05:00 pm ET


Sanmina Corporation (NASDAQ:SANM) Q3 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Sanmina Corporation's Third Quarter Fiscal 2020 Earnings Call. [Operator Instructions] I would now like to hand the conference over to your speaker today Paige Melching, Senior Vice President of Marketing and Investor Communications. Please go ahead.

Paige Melching

Thank you, Josh. Good afternoon, ladies and gentlemen, and welcome to Sanmina's third quarter fiscal 2020 earnings call. A copy of our press release and slides for today's discussion are available on our website at in the Investor Relations section. Let me remind everyone that today's call is being webcasted and recorded and will be available on our website. You can follow along with our prepared remarks and the slides provided on our website.

Please turn to Slide 2 of the presentation or the press release Safe Harbor statement. During this conference call, we may make projections or other forward-looking statements regarding our future events or future financial performance of the company. We caution you that such statements are just projections. The company's actual results could differ materially from those projections in these statements as a result of a number of factors set forth in the company's annual and quarterly reports filed with the Securities and Exchange Commission. The company is under no obligation to, and expressly disclaims any such obligation to update or alter any of the forward-looking statements made in the earnings release, the earnings presentation, the conference call or the Investor Relations section of our website, whether as a result of new information, future events or otherwise, unless otherwise required by law.

You will note in our press release and slides issued today that we have provided you with statements of operations for the quarter ended June 27, 2020 on a GAAP basis, as well as certain non-GAAP financial information. A reconciliation between the GAAP and non-GAAP financial information is also provided in the press release and slides posted on our website. In general, our non-GAAP information excludes restructuring costs, acquisition and integration costs, non-cash stock-based compensation expense, amortization expense, and other unusual or infrequent items.

Any comments we make on this call as it relates to the income statement measures will be directed at our non-GAAP financial results. Accordingly, unless otherwise stated in this conference call, when we refer to gross profit, gross margin, operating income, operating margin, taxes, net income, and earnings per share, we are referring to our non-GAAP information.

I would now like to turn the call over to Hartmut Liebel, Chief Executive Officer.

Hartmut Liebel

Thanks, Paige and welcome. Thank you for joining us here today. You just heard from Paige and also joining me on the call today is Kurt Adzema, Chief Financial Officer. The format for today's call is that I will open with a few comments and then turn the call over to Kurt to discuss the detailed financial results for our fiscal third quarter and then I will follow up with some commentary around our end market outlook.

First and foremost, I