Calgon Carbon Corporation (NYSE:CCC) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 08:00 am ET


Calgon Carbon Corporation (NYSE:CCC) Q2 2020 Earnings Conference Call - Final Transcript


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Good day, and welcome to the Clarivate Q2 2020 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mark Donohue, Head of Global Investor Relations. Please go ahead, sir.

Mark Donohue

Thank you, Sarah, and good morning, everyone. Thank you for joining us for the Clarivate second quarter 2020 earnings conference call. With me today are Jerre Stead, Executive Chairman and Chief Executive Officer; Richard Hanks, Chief Financial Officer; Mukhtar Ahmed, President, Science Group; and Jeff Roy, President, IP Group. All will be available to take your questions at the conclusion of the prepared remarks.

As a reminder, this conference call is being recorded and webcast and is copyrighted property of Clarivate. Any rebroadcast of this information in whole or in part without prior written consent of Clarivate is prohibited.

This morning, Clarivate issued a press release announcing our financial results for the period ended June 30, 2020. The release as well as an accompanying supplemental presentation is available in the Investor Relations section of the Company's website,, under Events and Presentations.

During our call, we may make certain forward-looking statements within the meaning of the applicable securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the business or developments in Clarivate's industry to differ materially from the anticipated results, performance, achievements or developments, expressed or implied by such forward-looking statements. Information about the factors that could cause actual results to differ materially from anticipated results or performance can be found in Clarivate's filings with the SEC and on the Company's website.

Our discussion will include non-GAAP measures or adjusted numbers, including adjusted revenue and adjusted EBITDA. Clarivate believes non-GAAP results are useful in order to enhance an understanding of our ongoing operating performance. But they are supplement to and should not be considered in isolation from or as a substitute for GAAP financial measures. Reconciliations of these measures to GAAP measures are available in our earnings release and supplemental presentation on our website. After our prepared remarks, we'll open the call to your questions.

And with that, it's a pleasure to turn the call over to Jerre.

Jerre Stead

Thank you, Mark, and thanks to all of you for joining us this morning. 2020 has been a very productive year for Clarivate, and we still have five months left to go. What the teams accomplished in seven months is simply incredible, including our announcement this morning of a very, very solid second quarter results. Amazingly, we've been able to accomplish so much while close to 100% of our people are working from home. This is a great credit to all colleagues and their ongoing commitment to exceed productivity and service levels while continuing to execute on our strategic initiatives to drive profitable growth and long-term shareholder value. The improved results from our recent colleague engagement and customer service -- Customer Delight Surveys validate the outstanding