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TheStreet Open House

LTX-Credence Corporation CEO Discusses Q3 2011 - Earnings Call Transcript

LTX-Credence Corporation (LTXC)

Q3 2011 Earnings Call

May 25, 2011 10:00 am ET

Executives

David Tacelli – President, Chief Executive Officer

Mark Gallenberger – Vice President, Chief Financial Officer

Analysts

Vernon Essi – Needham & Co.

Patrick Ho – Stifel, Nicolaus

Christian Schwab – Craig-Hellum Capital

David Dooley – Steelhead Securities

Tom Diffely – D.A. Davidson

Presentation

Operator

Good morning and welcome to LTX-Credence Corporation’s Third Quarter Analyst Conference Call. During the presentation, all participants will be in a listen-only mode. After the presentation we will conduct a question and answer session, and at that time if you have a question please press star then one on your touchtone telephone. At the request of LTX-Credence, this conference call is being recorded.

Speakers for today’s call will be David Tacelli, Chief Executive Officer and President, and Mark Gallenberger, Vice President and Chief Financial Officer. At this time, I would like to turn the conference over to Mr. Mark Gallenberger. Sir, you may begin.

Mark Gallenberger

Thank you, Ali. Welcome to LTX-Credence Corporation’s Third Quarter Fiscal Year 2011 conference call for the period ended April 30, 2011. Joining me on today’s call is Dave Tacelli, CEO and President. After my introductory comments, Dave will discuss the Company’s performance for the third fiscal quarter and discuss the business outlook; then I will provide further detail on the Company’s financial performance for the third quarter as well provide guidance for the fourth quarter of fiscal year 2011. We will take your questions after our prepared remarks.

A replay of this call will be made available through June 24 by dialing 800-642-1687 and the pass code is 63925313; or you can visit our website at www.ltxc.com. As a reminder, the only authorized spokespeople for the Company are Dave Tacelli, Rich Yerganian and myself.

Now for our Safe Harbor statement. During the course of this conference call, we may make projections or other forward-looking statements regarding LTX-Credence’s business outlook or the future financial performance of the Company. We wish to caution you that these statements, such as projected revenues, net income, earnings per share, operating expenses, gross margin, cash flow, non-GAAP measures, and breakeven targets are only predictions and that actual events or results may differ materially. The guidance provided during this call represents the Company’s estimates as of this day and the Company assumes no obligation to update this guidance. Please refer to our Safe Harbor statement in our earnings release for more information on important factors that could cause actual results to differ.

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