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DigitalGlobe Management Discusses Q2 2012 Results - Earnings Call Transcript

DigitalGlobe (DGI)

Q2 2012 Earnings Call

July 31, 2012 5:00 pm ET


David Banks - Vice President of Investor Relations

Jeffrey R. Tarr - Chief Executive Officer, President and Director

Yancey L. Spruill - Chief Financial Officer, Executive Vice President and Treasurer


Jonathan Raviv

Andrea James - Dougherty & Company LLC, Research Division

Howard A. Rubel - Jefferies & Company, Inc., Research Division

Mark W. Strouse - JP Morgan Chase & Co, Research Division

Elizabeth Grenfell - BofA Merrill Lynch, Research Division

Josephine Lin Millward - The Benchmark Company, LLC, Research Division

Chris Quilty - Raymond James & Associates, Inc., Research Division



Good afternoon. Welcome to the DigitalGlobe Second Quarter 2012 Earnings Conference Call. [Operator Instructions] Today's call is being recorded and also being broadcast live over the Internet at In addition, there are supplemental materials that will be referenced on today's call available at the company's website. To access those materials, go on the Investor Relations section of the company's website at

I will now turn the call over to David Banks, Investor Relations for DigitalGlobe.

David Banks

Thank you, Hope. Good afternoon, everyone, and thanks for joining our call today. With me on the call are Jeff Tarr, President and Chief Executive Officer; and Yancey Spruill, Chief Financial Officer.

Our remarks today will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended. Any forward-looking statements are based upon our historical performance and our current plans, estimates and expectations. We may make forward-looking statements about, among other matters, revenue and revenue growth, adjusted EBITDA and adjusted EBITDA margin, earnings per share, cash flow, sales pipelines and strategic initiatives. Inclusion of these forward-looking information should not be regarded as representation by us that we will achieve future plans, estimates or expectations. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which a statement is made or to reflect occurrence of unanticipated events. Please refer to our earnings release, which can be found on our website at, for a discussion of these risk factors. You should also refer to our earnings release for an explanation of the non-GAAP financial measures discussed during this call and for a reconciliation of those measures to the nearest applicable GAAP measures. These non-GAAP measures are indicators that management uses to provide additional, meaningful comparisons between current results and prior reported results and as a basis for planning and forecasting for future periods. For your convenience, we have posted slides on the Investor Relations section of our website at to give you an overview of the information we will cover today. [Operator Instructions]

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