B&G Foods, Inc. (NYSE:BGS) Q4 2018 Earnings Conference Call February 26, 2019 4:30 PM ET
Company Participants
Bob Cantwell – President and Chief Executive Officer
Bruce Wacha – Chief Financial Officer
Ken Romanzi – Chief Operating Officer
Conference Call Participants
Cornell Burnette – Citi Research
Karru Martinson – Jefferies
Dave Cook – Wells Fargo
William Reuter – Bank of America
Ken Zaslow – Bank of Montreal
Michael Gallo – C.L. King
Carla Casella – JP Morgan
Eric Larson – Buckingham Research Group
Andrew Lasar – Barclays
Operator
Good day, and welcome to the B&G Foods Fourth Quarter 2018 Earnings Call. Today’s call is being recorded. You can access detailed financial information on the quarter and the full year in the company’s earnings release issued today, which is available at the Investor Relations section of 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 measures, EBITDA, adjusted EBITDA, adjusted net income, diluted earnings per share, adjusted diluted earnings per share and base business net sales. Reconciliations of these financial measures to the most directly comparable GAAP financial measures are provided in today’s earnings release.
Bob Cantwell, the company’s current President and Chief Executive Officer will begin the call with opening remarks. Bruce Wacha, the company’s Chief Financial Officer will then discuss the company’s financial results for the quarter, as well it’s guidance for 2019. After that, Ken Romanzi, the company’s President and Chief Executive Officer, effective April of this year, will discuss various factors that affected the company’s results, selected business highlights and his thoughts concerning the outlook for 2019 and beyond.
I would like to turn the conference over to Bob.
