MAY 14, 2012 / 03:00PM GMT, PFSW - Q1 2012 PFSweb, Inc. Earnings Conference Call
CORPORATE PARTICIPANTS
Garth Russell KCSA Strategic Communications - IR Representative
Mark Layton PFSweb, Inc. - Chairman, CEO
Mike Willoughby
PFSweb, Inc. - President, CIO
Tom Madden PFSweb, Inc. - CFO, Chief Accounting Officer
CONFERENCE CALL PARTICIPANTS
Mark Argento Craig-Hallum Capital Group - Analyst
Marco Rodriguez Stonegate Securities - Analyst
Alex
Silverman Special Situations Fund - Analyst
Glenn Primack PEAK6 Investments LP - Analyst
George Walsh Gilford Securities - Analyst
PRESENTATION
Operator
Ladies and gentlemen, thank you for standing by, and welcome to PFSweb’s first-quarter 2012 earnings conference call.
All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you.
I’ll now turn the call over to Garth Russell to begin. Sir?
Garth Russell - KCSA Strategic Communications - IR Representative
Thank you. Before turning the call over to
management, I would like to make the following remarks concerning forward-looking statements. All statements in this conference call other than historical facts
are forward-looking statements. The words anticipate, believe, estimate, expect, intend, will, guidance, confidence, target, project and other similar expressions typically are used to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and involve and are subject to risks, uncertainties and other and factors that may affect PFSweb’s business, financial condition, and operating results, which include but are not limited to
the risk factors and other qualifications contained in PFSweb’s annual report on Form 10-K, quarterly reports on Form 10-Q and other reports filed by PFSweb with the Securities and Exchange Commission, to which your attention is directed.
Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. PFSweb expressly disclaims any intent or obligation to update these forward-looking statements.
During this call, we may also present certain non-GAAP financial measures, such as EBITDA, adjusted EBITDA, non-GAAP net income, service fee equivalent
revenue, merchandise sales, and certain ratios that use these measures. In our press release with the financial tables issued earlier today which is located on our website at pfsweb.com, you’ll find our definitions of these non-GAAP financial
measures, a reconciliation of these non-GAAP financial measures with the closest GAAP measures, and a discussion about why we think these non-GAAP measures are relevant. These financial measures are included for the benefit of investors and should
be considered in addition to, and not instead of, GAAP measures.
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