Overstock's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Overstock.com, Inc.(OSTK)

Q4 2011 Earnings Conference Call

March 2, 2012 11:30 am ET


Jonathan E. Johnson III – President and Corporate Secretary

Patrick M. Byrne – Chairman and Chief Executive Officer

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



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 fiscal year and quarter four 2011 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.

Jonathan E. Johnson III

Thank you, Misty. Good morning and welcome to our fiscal year and fourth quarter 2011 earnings conference call. On the call with me today are Dr. Patrick Byrne, the Chairman and CEO of the company; and Steve Chesnut, Senior Vice President of 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, March 2, 2012, and may include forward-looking statements. Actual results may differ materially. We have additional information about factors that could potentially impact our financial results, included in the press release and the 8-K that we filed this morning.

During this call, we’ll 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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