Earnings Call Excerpt
infoGROUP, Inc. (IUSA)
Q3 2009 Earnings Call
November 3, 2009 8:30 am ET
Executives
Lisa Olson - SVP
Bill Fairfield - CEO
Tom Oberdorf - CFO
Analysts
Carter Malloy - Stephens, Inc.
Amy Norfles - Pilot
Robert Kirkpatrick - Cardinal Capital
Tom Klagus - Graham Partners
Brian Stack - Pioneer Investments
Presentation
Operator
Good day, and welcome to the infoGROUP third quarter Earnings Call. Today’s conference is being recorded.
At this time, it is my pleasure to turn the conference over to your host, Ms. Lisa Olson, Senior Vice President.
Lisa Olson
Thank you, Casey. Good morning. Thanks for taking the time to join us. As you know, I manage the Investor Relations program for infoGROUP. Joining me this morning is Bill Fairfield, our Chief Executive Officer and Tom Oberdorf, our Chief Financial Officer. Remember, today’s call is being recorded.
Our comments include forward-looking statements, and I ask that you refer to the cautionary language in the earnings release for additional information concerning facts that could cause actual results to differ materially from those in the forward-looking statements.
We also ask you to refer to the documents the Company files from time to time with the Securities and Exchange Commission. These documents contain and identify factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.
In addition to disclosing results determined in accordance with generally accepted accounting principles or GAAP, infoGROUP also discloses the following non-GAAP measures. One, earnings before interest expense, income taxes and depreciation and amortization or EBITDA; and two, adjusted EBITDA and adjusted earnings per share, excluding the effects of the restructuring, non-recurring and non-cash charges outlined in the press release.
With that being said, let’s now get started on what you all called in for, our third quarter 2009 earnings results. We will have a Q&A session at the conclusion of the remarks.
It is now my pleasure to introduce our CEO, Bill Fairfield.
Bill Fairfield
Thanks, Lisa, and good morning to all of you. Today, we are going to highlight the solid progress we’ve made over the past quarters. We’re pleased to report we’re moving in the right direction, and I think you’ll find that the numbers certainly reflect that.
We’re also pleased with the impacts of our cost savings initiatives that we’ve made over the last several quarters, especially during these tough economic times. We think the hard work is really paying off, and those savings are going straight to the bottom line now.
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