Earnings Call Excerpt
School Specialty Inc. (SCHS)
Q1 2010 Earnings Call
August 20, 2009; 11:00 am ET
Executives
Dave Vander Zanden - Chief Executive Officer
Tom Slagle - President & Chief Operating Officer
Dave Vander Ploeg - Executive Vice President & Chief Financial Officer
Mark Fleming - Director of Investor Relations
Analysts
Bob Evans - Craig-Hallum Capital
Gordon Lasic - Robert W. Baird
Ildiko Hildreth - Waterstone Capital
Trace Urdan - Signal Hill
Presentation
Operator
Greetings and welcome to the School Specialty fiscal 2010 first quarter earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions)
It is now my pleasure to introduce School Specialty’s Investor Relations Director, Mark Fleming. Mr. Fleming you may begin.
Mark Fleming
Thank you, Jackie and good morning everyone. Welcome to School Specialty’s earnings conference call. Our presenters this morning are CEO Dave Vander Zanden; our President and Chief Operating Officer Tom Slagle; and Executive Vice President and CFO Dave Vander Ploeg.
Before I turn the call over to Mr. Vander Zanden, I’d like to read our Safe Harbor statements. Any statement made during this call concerning future events of operations, expectations, plans or prospects are forward-looking statements.
Forward-looking statements also include those preceded by or followed by words like anticipates, believe, could, estimate or expect. These forward-looking statements are based on School Specialty’s current estimates and assumptions and as such involve uncertainty and risks.
These statements are not guarantees of future performance and actual results may differ materially from those contemplated by the forward-looking statements due to a number of factors, including those described in Item 1A of the company’s Annual Report on Form 10-K for the 2007 fiscal year.
Those factors are incorporated by reference, except to the extent required under Federal Securities Laws, School Specialty does not intend to update or revise the forward-looking statements.
With that, I’d like to turn the call over to Dave Vander Zanden. Dave.
Dave Vander Zanden
Good morning everyone. Welcome to our conference call. I want to start of today with just a couple of comments on what we’re seeing in the season. I’ll give you a few more comments on funding and stimulus funding and we expect there.
Then I’d like to spend a little time on the two transactions that we announced, the acquisition of AutoSkill and disposition of our retail trade business, and then close up with a few comments on the outlook and guidance that we provide in this quarter.
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