Wednesday, March 20, 2019

Exela Technologies, Inc. (XELA) Q4 2018 Earnings Conference Call Transcript

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Exela Technologies, Inc.  (NASDAQ:XELA)Q4 2018 Earnings Conference CallMarch 18, 2019, 5:00 p.m. ET

Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:


Good day, everyone, and welcome to the Exela Technologies Fourth Quarter 2018 Financial Results Conference Call. All participants will be in listen-only mode. (Operator Instructions) After today's presentation, there will be an opportunity to ask questions. (Operator Instructions) And please note that today's event is being recorded.

And I would now like to turn the conference over to Jim Mathias, Vice President of Investor Relations. Please go ahead.

Jim Mathias -- Vice President of Investor Relations

Thank you, William. Good afternoon, everyone, and welcome to the Exela Technologies fourth quarter and year-end 2018 conference call. I'm joined here today with Ron Cogburn, Exela's Chief Executive Officer; and Jim Reynolds, our Chief Financial Officer. Following prepared remarks made by Ron and Jim, we will take your questions.

Today's conference call is being broadcast live via webcast, which is available on the Investor Relations page of Exela's website, A replay of this call will be available until March 25th, 2019. Information to access the replay is listed in today's press release, which is also available on the Investor Relations page of Exela's website.

During today's call, Exela will make certain statements regarding future events and financial performance that may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to known and unknown risks and uncertainties, and are based on current expectations and assumptions.

We undertake no obligation to update any statements to reflect the events that occur after this call, and actual results could differ materially from any forward-looking statements. For more information, please refer to the risk factors discussed in Exela's most recently filed periodic report on Form 10-K, along with the associated press release and the Company's other filings with the SEC. Copies are available from the SEC or the Investor Relations page of Exela's website.

During today's call, we will refer to certain non-GAAP financial measures. We believe these non-GAAP measures provide additional information on how management views the operating performance of our business. Reconciliations between GAAP and non-GAAP results we discussed on today's call can be found on the Investor Relations page of our website.

As a reminder, financial results discussed on today's call reflect pro forma combined company results for the business combination of SourceHOV Holdings and Novitex Holdings, which closed on July 12, 2017. Please note, the presentation that accompanies this conference call and an investor fact sheet are also accessible on the Investor Relations page of our website.

We will now begin by turning the call over to our CEO, Ron Cogburn. Ron?

Ron Cogburn -- Chief Executive Officer

Thanks, Jim. Good afternoon, and thanks, everyone, for joining us today. Let's start with slide number four and discuss our 2018 financial summary. We had a solid 2018 and achieved our revised g

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