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TheStreet Open House

Liquidity Services Management Discusses Q3 2012 Results - Earnings Call Transcript

Liquidity Services (LQDT)

Q3 2012 Earnings Call

July 31, 2012 10:30 am ET

Executives

Julie Davis - Director of Corporate Communications

William P. Angrick - Co-Founder, Chairman, Chief Executive Officer, President, Interim Chief Information Officer and Chief Executive Officer of Dod Surplus Llc

James M. Rallo - Chief Financial Officer, Principal Accounting Officer and Treasurer

Analysts

Colin A. Sebastian - Robert W. Baird & Co. Incorporated, Research Division

Jordan Rohan - Stifel, Nicolaus & Co., Inc., Research Division

Shawn C. Milne - Janney Montgomery Scott LLC, Research Division

Jason S. Helfstein - Oppenheimer & Co. Inc., Research Division

Gary F. Prestopino - Barrington Research Associates, Inc., Research Division

Daniel L. Kurnos - The Benchmark Company, LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Third Quarter 2012 Liquidity Services, Inc. Earnings Conference Call. My name is Keith, and I'll be your operator for today. [Operator Instructions] As a reminder, today's conference is being recorded for replay purposes. And I would now like to turn the conference over to your to Ms. Julie Davis, Director of Investor Relations. Please go ahead.

Julie Davis

Thank you, Keith. Hello, and welcome to our third quarter fiscal year 2012 financial results conference call. Joining us today are Bill Angrick, our Chairman and Chief Executive Officer; and Jim Rallo, our Chief Financial Officer and Treasurer. We will be available for questions after our prepared remarks.

The following discussion or responses to your questions reflect management's views as of today, July 31, 2012, and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and in our filings with the SEC, including our most recent Annual Report on Form 10-K. As you listen to today's call, we encourage you to have our press release in front of you, which includes our financial results, as well as metrics and commentary on the quarter.

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