Phibro Animal Health Corporation (NASDAQ:PAHC) Q4 2020 Earnings Conference Call - Final Transcript

Aug 27, 2020 • 09:00 am ET

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Phibro Animal Health Corporation (NASDAQ:PAHC) Q4 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by. And welcome to the Phibro Animal Health Corporation Q4 2020 Conference Call.

[Operator Instructions]

I would now like to turn the call over to your speaker today Richard Johnson, CFO. Please go ahead.

Executive
Richard G. Johnson

Thank you, operator, and good morning, everyone.

And welcome to the Phibro Animal Health earnings call for our fourth quarter and fiscal year ended June 2020. On the call today are Jack Bendheim, our Chief Executive Officer, and myself Richard Johnson, Chief Financial Officer. We'll provide an overview of our quarterly and full year results and then we'll open the lines for your questions.

[Technical Issues]

Operator
Operator

Hello Mr. Johnson, this is the operator. I'm not able to hear you.

Executive
Richard G. Johnson

Let me switch. Just one moment. Okay. Can you hear me now?

Operator
Operator

Yes, I can hear you now.

Executive
Richard G. Johnson

All right. Just one moment. I'm going to switch to some -- something else.

Executive
Jack C. Bendheim

Yeah. This is the age of COVID.

Executive
Richard G. Johnson

Right. Okay. Can you hear me now, operator?

Operator
Operator

Yes, I can. Loud and clear.

Executive
Richard G. Johnson

All right. All right. My apologies. Okay. So I will start over. Yeah. So thank you, operator and my apologies to everyone who experienced that moment of blackout silence. I guess, my technology wasn't working. So let me start from the beginning.

Good morning. Welcome to the Phibro Animal Health Earnings call for our fourth quarter and fiscal year ended June 2020.

On the call today are Jack Bendheim, our Chief Executive Officer, and myself Richard Johnson, Chief Financial Officer. We'll provide an overview of our quarterly and full year results. And then, we'll open the line for your questions. Before we begin, let me remind you, that the earnings press release and financial tables can be found on the Investors section of our website at pahc.com. We're also providing a simultaneous webcast of this morning's call, which can be accessed on the website as well.

Today's presentation slides and a replay and transcript of the call will also be available, on the website later today. Our remarks today will include forward-looking statements, and actual results could differ materially, from those projections. For a list and description of certain factors that could cause results to differ, I refer you to the forward-looking statements section on our earnings press release. Our remarks today will also include references to certain financial measures which were not prepared, in accordance with, generally accepted accounting principles or US GAAP. I refer you to the non-GAAP financial information, section in our earnings press release, for a discussion of these measures. Reconciliations of these non-GAAP financial measures to the most directly comparable US GAAP measures are included, in the financial tables that accompany the earnings press release.

Before we get into the numbers, let me remind everyone, that we present our results on a GAAP basis and on an adjusted basis. Our adjusted results exclude, acquisition-related items, unusual non-operational or other non-recurring items, certain other income and expense items and the income tax effects related