4/23/2020

speaker
Kevin
Conference Operator

Greetings and welcome to the Belmont Industries first quarter 2020 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. We ask that you ask one question, one follow-up, then return to the queue at that time. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Renee Campbell. Please go ahead.

speaker
Renee Campbell
Host

Thank you, Kevin. Good morning, and welcome to Valmont Industries' first quarter 2020 earnings call. With me on today's call are Steve Konieski, President and Chief Executive Officer, Avner Applbaum, Executive Vice President and Chief Financial Officer, Mark Jaksic, Vice President of Finance, and Tim Francis, Senior Vice President and Corporate Controller. This morning, Steve will provide a brief summary of our first quarter results, A COVID-19 Business Update and Commentary on our Strategy and Long-Term Business Outlook. Mark will review our first quarter financial performance, provide an update on our second quarter outlook, and our assumptions for the remainder of 2020. Avner will give additional segment commentary for the second quarter with closing remarks from Steve. This will be followed by Q&A. A live webcast of the slide presentation will accompany today's discussion. and is available for download from the webcast or on the investors page at valmont.com. A replay of today's call will be available for the next seven days. Instructions are included in the press release that was distributed yesterday. Please note that this conference call is subject to our disclosure on forward-looking statements which applies to today's discussion and is outlined on slide two of the presentation and will be read in full at the end of this call. I would now like to turn the call over to our President and Chief Executive Officer, Steve Konieski.

speaker
Steve Konieski
President & Chief Executive Officer

Thank you, Renee. Good morning, everyone, and thank you for joining us. Before reviewing our first quarter results, I'd like to start with a couple of comments. First, I want to say thank you to our 10,000 plus employees and their families for their enduring spirit and perseverance as we have been adapting to new ways of working and communicating through the COVID-19 pandemic. Every week, I'm inspired by the responses I get from each of you following my email and video updates. In these communications, I speak often of our core values, resiliency, and ability to come together as a team. Since our company was founded nearly 75 years ago, Valmont has met the challenges that we faced head on. We continue to do so now through the talent of our teams and our focus on lean and standard work, which are so critical during times of crisis. We will get through the situation together. I also want to thank our customers, suppliers, and the shareholder and analyst community for their flexibility and understanding during these unprecedented circumstances. Now, I would like to take a moment to introduce and welcome Avner Applbaum to the Valmont team. Avner joined Valmont as Chief Financial Officer about three weeks ago. I'm excited to have him on our management team and look forward to his contributions. I'll now turn the call over to him for a brief introduction.

Disclaimer

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