Hill International, Inc. (NYSE:HIL) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 12:00 pm ET


Hill International, Inc. (NYSE:HIL) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings, and welcome to Hill International's Second Quarter 2020 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Devin Sullivan, Senior Vice President at The Equity Group.

Devin Sullivan

Thank you, Brock, and good day, everyone. Thank you for joining us for Hill International's Second Quarter 2020 Financial Results. Our speakers today will be Raouf Ghali, Chief Executive Officer and Todd Weintraub, Hill's Chief Financial Officer.

Before we begin, I'd like to remind everyone that certain statements made during this call may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the Safe Harbor created thereby.

Except for historical information, the matters set forth herein, including but not limited to, any statements of belief or intent, any statements concerning financial projections, our plans, strategies and objectives for future operations are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, the willingness and ability of governments and other clients to undertake and complete infrastructure projects and our ability to maintain and support business development activities.

Although we believe that the expectations, estimates and assumptions reflected in forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend and undertake no obligation to update any forward-looking statements.

Before I turn things over to Raouf Ghali, I would like to make you aware of the Safe Harbor statement regarding forward-looking statements and GAAP financial measures, which will apply not only to the presentation but to the remarks made today.

And with that said, I'd now like to turn the call over to Raouf Ghali, Hill's Chief Executive Officer. Raouf, please go ahead.

Raouf S. Ghali

Thank you, Devin. Good morning, everyone, and thank you for joining us today to discuss our second quarter financial results. On behalf of everyone at Hill, I hope you and your families are safe and well.

I'm happy to say that Hill is continuing to serve our global clients with industry benchmark project management, construction management and related services. Our work has been deemed essential by many governmental authorities and substantially all our billable employees are serving ongoing projects in 34 countries.

As you can see on Slide 4, we had a good 2020 second quarter, rebounding to a large