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TheStreet Open House

Mac-Gray Corporation Q1 2010 Earnings Call Transcript

Mac-Gray Corporation (TUC)

Q1 2010 Earnings Call Transcript

May 6, 2010 10:00 am ET

Executives

Michael Shea – EVP, CFO and Treasurer

Stewart MacDonald – CEO

Analysts

Jeff Martin – ROTH Capital Partners

Michael Levin

Presentation

Operator

Good day and Welcome to Mac-Gray Corporation's first quarter fiscal 2010 conference call. Today's call is being recorded and webcasted. With us today are Chief Executive Officer, Stewart MacDonald, and Chief Financial Officer, Michael Shea.

At this time I would like to turn the call over to Mr. Shea. Thank you. You may now begin.

Michael Shea

Thank you, Kirsten. Good morning, everyone. Thanks for joining us on today's call. Before we begin, please note that the various remarks we may make on this conference call about the company's future expectations, plans and prospects constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially from those indicated by these forward-looking statements. As a result of various factors, including those discussed in our annual and quarterly reports on file with the Securities and Exchange Commission. I would also like to remind you that during our call today, we will be discussing non-GAAP financial measures, income from continuing operations as adjusted, earnings per share from continuing operations as adjusted, EBITDA from continuing operations and EBITDA from continuing operations as adjusted.

Please see the tables that follow our consolidated statements of operations in today's press release for a reconciliation of net income to adjusted net income, EBITDA from continuing operations and adjusted EBITDA from continuing operations. A copy of the press release has also been submitted as an exhibit to an 8-K we filed with the SEC.

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