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TheStreet Open House

YRC Worldwide's CEO Discusses Q2 2011 Results - Earnings Call Transcript

YRC Worldwide (YRCW)

Q2 2011 Earnings Call

July 22, 2011 9:30 am ET

Executives

William Trubeck - Interim Chief Financial Officer, Interim Executive Vice President, Treasurer and Director

William Zollars - Chairman, Chief Executive Officer and President

Paul Liljegren - Chief Accounting Officer, Vice President of Investor Relations and Controller

Analysts

Arthur Hatfield - Morgan Keegan & Company, Inc.

Justin Yagerman - Deutsche Bank AG

Jack Waldo - Stephens Inc.

Christopher Ceraso - Crédit Suisse AG

Scott Group - Wolfe Trahan & Co.

Edward Deaton - BB&T Capital Markets

Presentation

Operator

Good morning. My name is Steve, and I'll be your conference facilitator today. At this time, I would like to welcome everyone to the YRC Worldwide Second Quarter Earnings Conference Call. [Operator Instructions] I will now turn the call over to Paul Liljegren, Corporate Controller and Vice President of Investor Relations.

Paul Liljegren

Good morning. Thanks for joining us for the YRC Worldwide Second Quarter 2011 Earnings Call. Bill Zollars, Chairman, President and CEO of YRC Worldwide; and Bill Trubeck, our CFO, will provide comments this morning. Bill Zollars; Bill Trubeck; Mike Smid, President of YRC and Chief Operations Officer of YRC Worldwide; and Topher Wren, Senior Vice President and Treasurer; and I, will be available for questions following our comments.

Now for our disclaimers. Statements made by management during this call that are not purely historical facts are forward-looking statements. These include statements regarding the company's expectations and intentions on strategies regarding the future. It's important to note the company's future results could differ materially from those projected in such forward-looking statements due to a variety of factors. The format of this call does not allow us to fully discuss all these risk factors. For a full discussion, please refer to this morning's earnings release and our SEC filings, including our 10-K and today's 8-K. Additionally, please see today's release for a reconciliation of our GAAP measures to our non-GAAP measures, such as the reconciliation of operating income or loss to adjusted operating income or loss and adjusted EBITDA, and reconciliation of adjusted EBITDA to net cash flow from operating activities. During this call, we may simply refer to the non-GAAP measure of adjusted EBITDA as EBITDA.

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