Select Interior Concepts, Inc (NASDAQ:SIC) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 09:00 am ET

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Select Interior Concepts, Inc (NASDAQ:SIC) Q2 2020 Earnings Conference Call - Final Transcript

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Q & A
Analyst
Keith Hughes

Executive
Bill Varner

Yes, Keith, I think I would say it more simply, there is a significant amount of duplication between the two businesses in, mostly in the area of administrated capacities. You're kind of part and parcel and understood what we did at USI in that regard. We've had a very similar situation and what we will do over time is we will take away what I would call all the distractions from the operating entities, and focus them on selling and executing on what they sell and we will handle the what I would call the administrative back office components of that at corporate.

Analyst
Keith Hughes

Okay. And second question, a little more near-term how is July been, have you seen business and substantially improve. If you could, in contrast that with how June went for both segments?

Executive
Bill Varner

Yes, absolutely, Keith. We very encouraged by July trend pretty much in line with the growth that we've seen from May to June and certainly the incline from May to June was higher, but definitely it continues to pick up the activity in both segments continues to pick up. The concerns -- there are few concerns in certain regions as COVID cases had increased in the last two to three weeks or so in Texas and Florida and California is that we've all been reading about that, So there's obviously concerns of sales lingering in certain states but generally, we are very encouraged in the trends -- in the positive trends in the month of July coming from June.

Analyst
Keith Hughes

Okay, thank you.

Operator
Operator

[Operator Closing Remarks]