B&G Foods (BGS) Q1 2018 Results - Earnings Call Transcript

5/4/18

B&G Foods, Inc. (NYSE:BGS) Q1 2018 Earnings Call May 3, 2018 4:30 PM ET

Executives

Bruce C. Wacha - B&G Foods, Inc.

Robert C. Cantwell - B&G Foods, Inc.

Kenneth G. Romanzi - B&G Foods, Inc.

Analysts

Brian P. Holland - Consumer Edge Research LLC

Bryan C. Hunt - Wells Fargo Securities LLC

Ken Zaslow - BMO Capital Markets (United States)

Cornell R. Burnette - Citigroup Global Markets, Inc.

David Palmer - RBC Capital Markets LLC

Farha Aslam - Stephens, Inc.

Karru Martinson - Jefferies

Eric J. Larson - The Buckingham Research Group, Inc.

Robert Moskow - Credit Suisse Securities (NYSE:USA) LLC

Operator

Good day everyone and welcome to the B&G Foods First Quarter 2018 Earnings Call. Today's call is being recorded. You can access detailed financial information on the quarter in the company's earnings release issued today which is available at ir.bgfoods.com.

Before the company begins its formal remarks, I need to remind everyone that part of the discussion today includes forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer you to the company's most recent annual report on Form 10-K and subsequent SEC filings for a more detailed discussion of the risks that could impact the company's future operating results and financial condition. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The company will also be making references on today's call to the non-GAAP financial adjusted EBITDA, adjusted net income, adjusted diluted earnings per share, base business net sales. Reconciliations of these financial measures to the most directly comparable GAAP financial measures are provided in today's earnings release.

Bruce Wacha, the company's CFO, will start the call by discussing the company's financial results for the quarter. After that, Bob Cantwell, the company's Chief Executive Officer, will discuss various factors that affected the company's results, select businesses highlights and his thoughts concerning the outlook for the remainder of 2018, and Ken Romanzi, the company's Chief Operating Officer will make some remarks.

I would now like to turn the conference over to Bruce.

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