Univar Solutions Inc (UNVR) 2020Q1電話會議重點和逐字稿 - 財報狗 (2024)

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• Operator

• Good morning, ladies and gentlemen, and welcome to Univar Solutions' First Quarter 2020 Earnings Conference Call. My name is Bakam, and I will be your host operator on this call. (Operator Instructions)

• I will now turn the meeting over to your host for today's call, Heather Kos, Vice President of Investor Relations at Univar Solutions. Heather, please go ahead.

• Heather Anne Kos - VP of IR

• Thank youm and good morning. Welcome to Univar Solutions' First Quarter 2020 Earnings Call and Webcast. Joining our call today are David Jukes, President and Chief Executive Officer; and Nick Alexos, Executive Vice President and Chief Financial Officer.

• This morning, we released our financial results for the first quarter ended March 31, 2020, and posted to our corporate website a supplemental slide presentation to go with today's call. The slide presentation should be viewed along with the earnings release, both of which have been posted on our website at univarsolutions.com.

• During this call, as summarized on Slide 2, we will refer to certain non-GAAP financial measures for which you can find the reconciliation to the comparable GAAP financial measures in our earnings release and the supplemental slide presentation. As referenced on Slide 2, we will make statements about our estimates, projections, outlook, forecasts and/or expectations for the future. All statements are forward-looking, and while they reflect our current estimates, they involve risks and uncertainties and are not guarantees of future performance. Please see our SEC filings for a more complete listing of the risks and uncertainties inherent in our business and our expectations for the future.

• On Slide 3, you will see the agenda for the call. David will start with how we are dealing with COVID-19 and an update on our Nexeo integration. Nick will walk through our financial update, and then David will close with the progress on our business strategy. Following that, we will take your questions.

• With that, I'll now turn the call over to David for his opening remarks.

• David C. Jukes - President, CEO & Director

• Thank you, Heather, and good morning, good afternoon and good evening to everyone. I hope you and your families are all well. Now I know you're going to want to hear about our first quarter performance, our liquidity position, how integration and sales force execution is progressing and how we see the market right now, and we will get to that. Before that, I'd like to spend a few minutes updating you on how the current COVID-19 situation is affecting us and how our organization has responded to it.

• Just over a year ago, when we launched Univar Solutions as a new company, we intentionally established a purpose-driven, value-based organization that is serious about safety. It's a place where people matter, where we do what we say. We're valuable to others. So together, we win. As the COVID-19 pandemic has unfolded, this purpose and these values have been brought to the fore and served us well.

• In early March, we activated a focused global cross-functional response team tasked with closely monitoring the situation and swiftly implementing the measures needed to keep our people safe, connected to our customers and secure continuity of supply. Thanks to our quick and decisive actions as well as the fantastic cooperation of our teams, we have all our distribution centers, right across the world, operational. We adjusted our work practices to conform with guidance provided by both WHO and the CDC. This is including everything, from different cleaning routines to different site configurations and different shift rotations. Thankfully, as of this week, we've had just 17 of our 10,000-plus colleagues worldwide with confirmed cases of COVID-19, of which 15 have now recovered. Roughly 2/3 of our total workforce is successfully working remotely, and our sales teams have been able to pivot from external to internal sales smoothly with new processes and rhythms developed to ensure we maintain momentum. And our valued in-field teams are executing at our warehouses and making deliveries.

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