Q1 2020 Earnings Call

Like Corporation September 2019 earnings Conference call at this time, all participants are in listen only mode.

After the speaker presentation, there will be a question and answer session to ask that question. During this session you will need to press star one on your telephone.

Please be advised that todays conference is being recorded.

If you require any further assistance please press star zero.

I would not want to hand, the call over to Mr., Kevin Campbell, Vice President of Investor Relations for K.L.A. Corporation. Thank you Sir Please go ahead.

Thank you Christian and welcome to today's Kelway earnings Conference call to discuss the results of the September 2019 quarter, an outlook for the December 2019 quarter I recently joined Kayla and today marks my first Kelway earnings call I'm glad to be here and look forward to meeting and talking with all of you over the quarters in years ahead.

Joining me on the call or Rick Wallace, our President and Chief Executive Officer, and Bren Higgins, Our executive Vice President and Chief Financial Officer. During today's conference call. We will discuss quarterly results for the period ended September Thirtyth 2019, we believe release. These results. This afternoon after the market close it and they are also posted on the.

Investor Relations section of our website at <unk> IR Dot Kelway dotcom.

Today's discussion of our financial results and outlook is presented on a non-GAAP financial basis, unless otherwise specified.

A detailed reconciliation of GAAP to non-GAAP results is in today's earnings press release, and the earnings Slide presentation posted on the Kaylee Investor Relations website.

Our IR website also contains a calendar or future investor events, <unk> presentations, including those from our recent Investor day, and corporate governance information as well as links to Kelway SEC filings, including our annual report on Form 10-K for the year ended June Thirtyth 2019.

Our comments today are subject to risks and uncertainties reflected in the risk factors disclosure in our SEC filings any forward looking statements, including those we make on the call. Today are also subject to those risks and Calite cannot guarantee those forward looking statements will come true our actual results may differ significantly from those projected in our four.

Looking statements.

With that I'd like to now turn the call over to our Chief Executive Officer, Rick Wallace.

Okay.

Thank you, Kevin and welcome to Kayla.

Good afternoon, everyone and thank you for joining us on todays call I'll start with a brief strategic overview before I cover the business highlights from the quarter. Please.

Turning to slide four.

Okay like continues to see strong momentum in our.

Business from the secular trends, we articulated at our recent in September .

First 17th Investor Day, our performance this quarter clearly demonstrates how kayla is benefiting from our strategies for growth technology leadership and operational excellence.

We delivered another solid quarter with revenue in both GAAP and non-GAAP EPS, finishing above the range of guidance. A result of strong customer pull for calix solutions and focused execution. Despite a backdrop that still includes some industry headwinds in key segments.

As a global leader in process control and supplier of process, enabling solutions for the data era Kaylee remains at the forefront of the most important industry trends and technology inflections in the electronics industry, our deep collaborative customer relationships brought IP portfolio and differentiated solutions.

That address our customers most complex challenges is the recipe that sustains our market leadership. Our business also continues to benefit from more complexity within semiconductor vices as well as multiple mega trends driving demand across multiple product generations and numerous key industries.

Please turn to slide five.

Five underpinning our success and consistent outperformance is the Kaylee operating model, which codified our corporate values and management principles, we have been running the company this way for a long time.

But we discussed it much more extensively at our recent investor day to better illustrate its power and impact on the Calite business and explain how it represents critical core competencies that we believe can enhance long term performance and profitability of acquired businesses. The Kaylee operating model is essential to align the company.

On a consistent strategy and execution heightened accountability and facilitate continuous improvement while ensuring we always operate with strong financial discipline and rigor.

Please turn to slide six.

Strategically we have four objectives that serve as our guide and drive our heart high performance culture.

I also spoke about this extensively at our recent Investor day, but it's worth reinforcing for those who couldn't attend these four objectives, our market leadership product differentiation operational excellence and attracting and developing talent, we run all our businesses, including acquired loans with a focus on these key.

The four objectives and it shows and.

Our overall results published today.

Please turn to slide seven for the September quarter business highlights.

Before I cover that business highlights for the quarter I'd like to provide some.