Cardtronics Inc. (NASDAQ:CATM) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 05:00 pm ET


Cardtronics Inc. (NASDAQ:CATM) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Cardtronics Second Quarter 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I will now like to hand the conference over to your speaker for today, Brad Conrad, you may begin.

Brad Conrad

Thank you. Good afternoon, and welcome to Cardtronics Second Quarter 2020 Conference Call. On the call today, we have Ed West, Chief Executive Officer; and Gary Ferrera, Chief Financial Officer. We'll start with prepared remarks and then take questions.

Before we begin, a cautionary statement regarding forward-looking information. During the course of this call, we will make certain forward-looking statements regarding future events, results or performance. Any forward-looking statements made on this call are subject to risks and uncertainties, including, but not limited to, events, market conditions and other risks and uncertainties that could cause actual results to differ materially. Please refer to our earnings release and our reports filed with the SEC, including our Form 10-K for the year ended December 31, 2019, as updated by our Forms 10-Q for the first and second quarters, which describe forward-looking statements and risk factors and other events that could impact future results and other factors that could impact our business.

The statements on this call are made as of the date of this call and are based on current information and may be outdated at the time of any replay of this call. We assume no obligation to update any forward-looking statements made today to reflect events that occur or circumstances that exist after the date on which they are made.

In addition, during the course of this call, we will reference certain non-GAAP financial performance measures. Our opinion regarding the usefulness of such measures, together with a reconciliation of such measures to the nearest GAAP measure is included in the earnings release issued this afternoon and available on our website.

We have also posted supplemental investor materials regarding the quarterly results, along with additional information, including recent performance information since the end of the second quarter on the Investor Relations page of our website at We will make reference to some of the pages in this earnings supplement during the course of today's call.

With that, I will turn the call over to Ed.

Edward H. West

Great. Thank you, Brad. Hello, everyone, and thank you for joining our second quarter results call. It's good to be with you today, and we have lots to cover. First, I would like to reach out to our employees to thank them again. I cannot be more proud of the substantial efforts and sacrifices made by our employees to help navigate this terrific company through this challenging time, and position us to capitalize on a burgeoning opportunity for our business. It's great to have a purpose in whatever you do, and our purpose is to provide convenient, reliable and safe access to cash for individuals and the communities that we serve around the world. Cash,