Copart
Q4 2022 Earnings Call
Sep 08, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone, and welcome to the Copart, Inc. fourth quarter fiscal 2022 earnings call. Just a reminder, today's conference is being recorded. For opening remarks, I would like to turn the call over to Gavin Renfrew, vice president of global accounting of Copart, Inc.
Please go ahead, sir.
Gavin Renfrew -- Vice President, Global Accounting
Thank you, and good morning. We'll start with the safe harbor. During today's call, we'll discuss certain non-GAAP measures, which include adjustments to income tax benefits related to stock-based compensation, legal matters, discrete income tax items, and the effect of the extinguishment of debt. We provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures on our Investor Relations website and in our press release issued yesterday.
We believe these non-GAAP measures, together with the corresponding GAAP measures, are relevant in analyzing our results and assessing our business trends and performance. In addition, our comments today include forward-looking statements within the meaning of federal securities laws, including management's current views with respect to trends, opportunities, and uncertainties in our markets. These forward-looking statements involve substantial risks and uncertainties. For more detail on the risks associated with our business, we refer you to the section titled Risk Factors in our annual report on Form 10-K for the year ended July 31st, 2021, and each of our subsequent quarterly reports on Form 10-Q.
Any forward-looking statements are made as of today, and we have no obligation to update or revise any forward-looking statements. With that, I'll turn the call over to our co-CEO, Jeff Liaw.
Jeff Liaw -- President and Chief Executive Officer, North America
Thank you, Gavin, and good morning, everyone. I'll start with some comments about themes in our business. I'll turn it over to Gavin to walk you through some financial highlights, and then we'll take Q&A thereafter. We're pleased to report our results for the fourth quarter of fiscal 2022 and have concluded another strong fiscal year here at Copart.
We are celebrating the 40th anniversary of our company's founding by Willis Johnson starting way back when with just a single yard in Vallejo, California. Since our inception, We believe it is our people and our values that have enabled us to build a profitable, sustainable enterprise. We're confident our formula will work for the next 40 years as well. We're well into our third year now of exceptional social and macroeconomic conditions of virus and its attendant mutations, a war and the disruptions on industrial production and supply chains, fuel prices, and the like.