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Overstock.com's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Overstock.com, Inc. (OSTK)

Q1 2012 Earnings Call

April 19, 2012 11:30 am ET

Executives

Jonathan E. Johnson – President and Corporate Secretary

Stephen J. Chesnut – Senior Vice President, Finance and Risk Management

Dr. Patrick M. Byrne – Chairman, Directors and Chief Executive Officer

Analysts

Justin T. Ruiss – Sidoti & Company, LLC

Presentation

Operator

Good morning. My name is Misty, and I will be your conference operator today. At this time, I would like to welcome everyone to the Overstock.com quarter one 2012 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. Mr. Jonathan Johnson, President of Overstock.com, you may begin your conference, sir.

Jonathan E. Johnson

Thank you, Misty. Good morning and welcome to our first quarter 2012 earnings conference call. Joining me on the call today are Dr. Patrick Byrne, Chairman and CEO of the company; and Steve Chesnut, Senior Vice President Finance and Risk Management.

To begin, let me remind you that the following discussion and our responses to your questions reflect management’s views as of today, April 19, 2012, and may include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results as included in the press release filed this morning and in the Form 10-K we filed on March 2, 2012.

During the call, we will discuss certain non-GAAP financial measures. The slides accompanying this webcast and our filings with the SEC, each of which are posted on our Investor Relations website, contain additional disclosures regarding these non-GAAP measures, including reconciliations of these measures to the most comparable GAAP measures.

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