Overstock.com's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Overstock.com, Inc. (OSTK)

Q2 2012 Earnings Call

July 19, 2012 11:30 am ET


Jonathan Johnson - President & Corporate Secretary

Patrick Byrne - Chairman & CEO

Steve Chesnut - SVP, Finance & Risk Management


Justin Ruiss - Sidoti

Nathaniel Schindler - Bank of America

Chris Donnelly - Pacific Roth Capital



Good morning. My name is Jodie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Overstock.com second quarter 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.

I would now like to turn the conference over to Jonathan Johnson, President of Overstock.com. Please go ahead sir.

Jonathan Johnson

Thank you, Jodie. Good morning and welcome to our second quarter 2012 earnings conference call. Joining me today are Dr. Patrick Byrne, the company's Chairman and CEO and Steve Chesnut, the company's 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, July 19, 2012 and may include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in the press release filed this morning and the Form 10-K that we filed on March 2, 2012.

During this call, we will discuss certain non-GAAP financial measures. The slides accompanying this webcast and our filings with the SEC each 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. Please review the Safe Harbor statement on the slide two of the presentation.

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