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Sanmina (SANM) Jure Sola on Q2 2016 Results - Earnings Call Transcript

Q2 2016 Earnings Call

April 25, 2016 5:00 pm ET


Paige Bombino - Vice President-Investor Relations

Jure Sola - Chairman & Chief Executive Officer

Robert K. Eulau - Chief Financial Officer & Executive Vice President


James Dickey Suva - Citigroup Global Markets, Inc. (Broker)

Mitch Steves - RBC Capital Markets LLC

Steven Fox - Cross Research LLC

Herve Daniel Francois - B. Riley & Co. LLC

Christian David Schwab - Craig-Hallum Capital Group LLC


Good day. My name is Sequoia and I will be your conference operator. At this time, I would like to welcome everyone to the Sanmina Corporation Second Quarter 2016 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. Thank you.

I would now like to turn the call over to Paige Bombino, Vice President, Investor Relations. Ma'am, you may begin.

Paige Bombino - Vice President-Investor Relations

Thank you, Sequoia. Good afternoon, ladies and gentlemen, and welcome to Sanmina's Second Quarter Fiscal 2016 Earnings Call. A copy of today's release is available on our website in the Investor Relations section. You can follow along with our prepared remarks in the slides posted on our website.

Please turn to slide 2, the Safe Harbor statement.

During this conference call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. We caution you that such statements are just projections. The company's actual results of operation may differ significantly as a result of various factors including the state of the global economy, economic conditions in the electronics industry, changes in customer requirements and sales volume, competition and technological change. We refer you to our quarterly and annual reports filed with the Securities and Exchange Commission. These documents contain risk factors that could cause actual results to differ materially from our projections or forward-looking statements.

You will note in our press release and slides issued today that we've provided you with statements of operations for the three and six months ended April 2, 2016 on a GAAP basis as well as certain non-GAAP financial information. A reconciliation between the GAAP and non-GAAP financial information is also provided in the press release and slides posted on our website. In general, our non-GAAP information excludes restructuring costs, acquisition and integration costs, noncash stock-based compensation expense, amortization expense, and other infrequent or unusual items to the extent material.

Any comments we make on this call as it relates to the income statement measures will be directed at our non-GAAP financial results. Accordingly, unless otherwise stated in this conference call, when we refer to our gross profit, gross margin, operating income, operating margin, taxes, net income, and earnings per share, we are referring to our non-GAAP information.

I would now like to turn the call over to Jure Sola, Chairman and Chief Executive Officer.

Jure Sola - Chairman & Chief Executive Officer

Thanks, Paige. Good afternoon, ladies and gentlemen. Welcome. Thank you all for being here with us today. With me on today's conference call is Bob Eulau, our CFO.

Robert K. Eulau - Chief Financial Officer & Executive Vice President

Hello, everyone.

Jure Sola - Chairman & Chief Executive Officer

For agenda, Bob and I will review our financial results for the second quarter of fiscal year 2016. I will follow up with additional comments about Sanmina results and future goals. Then Bob and I will open for question and answers.

And now, I would like to turn this call over to Bob. Bob?