Orthofix Medical Inc (NASDAQ:OFIX) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 08:30 am ET


Orthofix Medical Inc (NASDAQ:OFIX) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen, and welcome to the Orthofix Second Quarter 2020 Earnings Results Conference Call. [Operator Instructions] Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions]

I would now like to turn the conference over to your host Alexa Huerta, Senior Director of Investor Relations and Finance. Please go ahead.

Alexa Huerta

Thank you, operator and good morning, everyone. Welcome to the Orthofix second quarter 2020 earnings call. Joining me on the call today are, our President and Chief Executive Officer, Jon Serbousek; and Chief Financial Officer, Doug Rice. I'll start with our safe harbor statements and then pass it over to Jon. During this call, we'll be making forward-looking statements that involve risks and uncertainties. All statements other than those of historical facts are forward-looking statements, including any earnings guidance that we provide and any statements about our plans, beliefs, strategies, expectations, goals or objectives.

Investors are cautioned not to place undue reliance on such forward-looking statements as there is no assurance that the matters contained in such statements will occur. The forward-looking statements we will make on today's call are based on our beliefs and expectations as of today, August 6, 2020. We do not undertake any obligation to revise or update such forward-looking statements.

Some factors that could cause actual results to be materially different from the forward-looking statements made by us on the call include the risks disclosed under the heading Risk Factors in our Form 10-K for the year ended December 31, 2019, and our Form 10-Q, expected to be filed later today, as well as additional SEC filings we make in the future. If you need copies of these documents, please contact our office at Orthofix in Louisville, Texas.

In addition, on today's call, we will refer to various non-GAAP financial measures. We believe that in order to properly understand our short-term and long-term financial trends, investors may wish to review these matters as a supplement to financial measures determined in accordance with US GAAP. Please refer to today's press release announcing our second quarter 2020 results for reconciliations of these non-GAAP financial measures to our US GAAP financial results.

At this point, I'll turn the call over to Jon.

Jon Serbousek

Thank you, Alexa. Welcome, everyone and thank you for joining us for our second quarter 2020 results conference call. Before getting into my prepared remarks, I'd like to introduce you to Alexa Huerta, who will be taking over as our Head of Investor Relations. Alexa has been with our finance group for over eight years, and we are excited to now have her in this role. Mark quick, who most of you have interacted with over the past, has taken a leadership role in our business development group. Mark will be transitioning IR responsibilities to Alexa over the coming quarters.

On today's call, I'll start by discussing the impact of COVID-19 as it had on our business, after which I'll provide an update on our second quarter performance.