Huttig Building Products Inc. (NASDAQ:HBP) Q2 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 11:00 am ET


Huttig Building Products Inc. (NASDAQ:HBP) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning and welcome to the Huttig Building Products' Second Quarter 2020 Earnings Call. [Operator Instructions]

I would now like to turn the call over to Mr. Philip Keipp, Vice President and Chief Financial Officer. Please go ahead, sir.

Philip Keipp

Thank you and welcome to Huttig's Second Quarter 2020 Earnings Call. With me this morning is Jon Vrabely, President and Chief Executive Officer; and Bob Furio, Executive Vice President and Chief Operating Officer. During the call today, we will discuss our second quarter 2020 operating and financial results and provide commentary on our continued efforts to combat the effects of the COVID-19 pandemic. Following our prepared remarks, the operator will open up the line for questions.

Let me take a moment to remind you that today's discussion reflects management's views as of today and may include forward-looking statements. Actual results could differ materially from those currently anticipated, and Huttig disclaims any obligation to update information discussed on this call because of developments that occur afterward.

In addition, to the extent you are listening to this call on replay, information could have already changed. Additional information about factors that could potentially affect the financial results is included in the earnings release issued yesterday and in our filings with the SEC.

During this call, certain non-GAAP financial measures will be discussed. A description of any non-GAAP adjustments and reconciliation to the most comparable GAAP measures can be found in the earnings release issued yesterday and on the company's website at

Today's call is being webcast live and is being recorded. If you ask a question, it will be included in our live transmission and in any future use of the recording. You can replay the call on the Investor Relations page of the website under Financials.

And now it's my pleasure to turn the call over to Jon for opening remarks.

Jon P. Vrabely

Thank you, Phil. Good morning and thank you for joining our second quarter 2020 earnings call. After my initial high-level commentary on our quarterly results, Bob and Phil will discuss our second quarter operating and financial results in greater detail. After which, we will open the call for the Q&A session.

I want to begin by expressing my gratitude to all of our associates for the personal sacrifices they continue to make to solidify the future of our company for all Huttig stakeholders. The business environment during the quarter was volatile and challenging. All of our associates have risen to the challenge, demonstrating a level of commitment to the organization and our customers that far exceeded my expectations. Our second quarter results are a testament to the genuine care and fortitude of our associates, and I am sincerely grateful to them for their continued dedication during a period of unprecedented volatility and uncertainty.

We began developing our COVID-19 readiness and response plan in late February and finalized the initial version of the plan in early April, which we discussed in detail during our first quarter earnings call. Based on the information that