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APi Group Corporation
8/12/2020
Good morning, ladies and gentlemen, and welcome to API Group's second quarter 2020 financial results conference call. All participants are now in a listen-only mode. Later, you will have the opportunity to ask a question during the question and answer session. Please note, this call may be recorded. I will be standing by should you need any assistance. I will now turn the call over to Olivia Walton, Vice President of Investor Relations at API Group. Please go ahead.
Thank you. Good morning, everyone, and thank you for joining our second quarter 2020 earnings conference call. Joining me on the call today are Sir Martin Franklin and Jim Lilly, our board co-chairs, Russ Becker, our president and CEO, and Tom Lydon, our chief financial officer. Before we begin, I would like to remind you that certain statements in the company's earnings press release announcements and on this call are forward-looking statements which are based on expectations, intentions, and projections regarding the company's future performance, anticipated events or trends, and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In our press release and filings with the SEC, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, August 12th, and we have no obligation to update any forward-looking statement we may make. As a reminder, we have posted a presentation detailing our second quarter 2020 financial performance on our website. Our comments today will also include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our press release and our presentation. It is now my pleasure to turn the call over to Martin.
Thank you, Olivia. Since we completed the acquisition of API on October 1st, 2019, much has transpired in the world. However, I'm happy to say that our original investment thesis remains intact. We believe that as a result of the evolution of the company towards building a recurring services-focused business model following the recession that began in 2008, the company has built a more protective moat around itself. This focus on recurring revenue makes us more economically resilient when headwinds such as the COVID-19 pandemic hit the economy. I'm grateful for the leadership and sacrifices across our organization during these unprecedented times. As we look to the future, we believe that API is very well positioned for success. While we don't know what the future impact of COVID-19 may be, we remain focused on our pre-COVID-19 objectives and the long-term opportunities in front of us. With that, I will hand the call over to Russ.
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