Earnings Call Excerpt
MasTec, Inc. (MTZ)
Q3 2008 Earnings Call
November 6, 2008 9 a.m. ET
Executives
Marc Lewis – VP, IR
Jose Mas – President & CEO
Bob Campbell – EVP and CFO
Analysts
Eric Kainer - ThinkEquity
Liam Burke – Janney Montgomery Scott
Paul Bonenfant – Morgan Keegan
Min Cho – FBR Capital Mortgage
Todd Mitchell – Kauffman Brothers
Tristan Richardson – D.A. Davidson
Presentation
Operator
Please standby, we are about to begin. Good day, everyone, and welcome to the MasTec's third quarter 2008 earnings conference call initially broadcast on November 6, 2008. Let me remind participants that today's call is being recorded. At this time, I would like to turn the conference over to your host, Mr. Marc Lewis, MasTec's Vice President of Investor Relations. Please go ahead, sir.
Marc Lewis
Thank you. Good morning, everyone. Welcome to MasTec's 2008 third quarter earnings conference call. The forward-looking statement is made pursuant to the Safe Harbor for forward-looking statements described in the Private Securities Litigation Reform Act of 1995.
In these communications, we may make certain statements that are forward-looking such as statements regarding MasTec's future results, plans, and anticipated trends in the industries where we operate. These forward-looking statements are the Company's expectations on the day of the initial broadcast of this conference call and the Company will make no effort to update these expectations based on subsequent events or knowledge.
Various risks, uncertainties, and assumptions are detailed in our press release and filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of our underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in these communications.
In addition, we may use certain non-GAAP financial measures in this conference call. A reconciliation of any non-GAAP financial measures not reconciled in these comments to the most comparable GAAP financial measure can be found in our earnings release on our Investor Relations section of the mastec.com website.
In order to make a (inaudible)comparable to two operating results, financial comparisons to last year will be made to perform that income which adds back to $39.1 million charge for legacy legal cases claims and other disputes made in the third quarter of 2007. This pro forma number is reconciled to get in the press release, in that case, yesterday.
With us today, we have Jose Mas, our President and Chief Executive Officer and Bob Campbell, Executive Vice President and Chief Financial Officer. The format of the call will be opening remarks and analyses by Jose followed by a financial review from Bob. These discussions will be followed by a Q&A session and we expect the call to last approximately 45 minutes. Jose?
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