BG Staffing, Inc. (NYSE MKT:BGSF) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 04:30 pm ET


BG Staffing, Inc. (NYSE MKT:BGSF) Q2 2020 Earnings Conference Call - Final Transcript


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Thank you for standing by, this is the conference operator. Welcome to the BG Staffing Second Quarter 2020 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to Terri MacInnis, Vice President of Investor Relations at Bibicoff & MacInnis, Inc. Please go ahead.

Terri MacInnis

Thank you, operator. It's my pleasure to welcome you to the BG Staffing conference call to discuss Q2 and six months financial and operating results, and an update on operations in the COVID-19 environment.

With me today on our call is Beth Garvey, President and CEO; and Dan Hollenbach, Chief Financial Officer. A question-and-answer session will follow their prepared remarks. This morning's news release announcing the company's financial results is available in the Investor Relations section on BGSF's website at Our call today is being webcast live and recorded. A replay will be available later today on the Company's website and will remain available for at least 90 days following the call.

Discussions today include forward-looking statements, which are based on certain assumptions made by BGSF, based on and are made under, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those indicated by the forward-looking statements, because of various risks and uncertainties, including those listed in Item 1A of the Company's Annual Report on Form 10-K and the quarterly reports on Form 10-Q and in the Company's other filings and reports with the Securities and Exchange Commission.

All risks and uncertainties are beyond the ability of the Company to control and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. These forward-looking statements are made as of the date of this call and BGSF assumes no obligation to update these statements publicly, even if new information becomes available in the future. This broadcast is covered by U.S. copyright laws and any use or rebroadcast of all or any portion of this conference call may only be done with the Company's expressed written permission.

During our call, we will discuss some non-GAAP measures, which we use for internal evaluation and to report the results of the business as useful information to management, our Board of Directors and investors of our operating activities, and business trends related to our financial condition and results of operations. These non-GAAP measures are intended to supplement GAAP financial information and should not be considered in isolation as a substitute for or superior to financial measures calculated in accordance with GAAP.

For reconciliation of these non-GAAP measures to the most directly comparable GAAP measures, please see today's news release posted on the Company's website.

It's now my pleasure to turn the call over to Dan Hollenbach, Chief Financial Officer. Dan?

Dan Hollenbach

Hey, thank you, Terry. Good afternoon, everyone. And we appreciate your interest in BGSF. First of all, I'd say, we normally would have filed our 10-Q this