SMART Global Holdings, Inc. (NASDAQ:SGH) Q4 2023 Earnings Conference Call October 12, 2023 4:30 PM ET

Company Participants

Suzanne Schmidt - IR

Mark Adams - CEO

Ken Rizvi - CFO

Jack Pacheco - COO

Conference Call Participants

Kevin Cassidy - Rosenblatt Securities

Sidney Ho - Deutsche Bank

Brian Chin - Stifel

Tom O'Malley - Barclay

Quinn Bolton - Needham

Operator

Welcome to the SMART Global Holdings Fourth Quarter and Full Year Fiscal 2023 Earnings Call. My name is Victoria and I'll be your moderator today. [Operator Instructions]

I would now like to pass the conference over to your host, Suzanne Schmidt, with Investor Relations. Thank you. You may proceed, Suzanne

Suzanne Schmidt

Thank you, operator. Good afternoon, and thank you for joining us on today's earnings conference call and webcast to discuss SGH's fourth quarter and full year fiscal 2023 results.

On the call today are Mark Adams, Chief Executive Officer, Jack Pacheco, Chief Operating Officer, and Ken Rizzi, Chief Financial Officer.

You can find the accompanying slide presentation and press release for this call on the Investor Relations section of our website. We encourage you to go to the site throughout the quarter for the most current information on the company. I would also like to remind everyone to read the note on the use of forward-looking statements that is included in the press release and the earnings call presentation.

Please note that during this conference call, the company will make projections and forward-looking statements including statements about the company's growth trajectory and financial outlook. Forward-looking statements are based on current beliefs and assumptions, are not guarantees of future performance, and are subject to risks and uncertainties, including, without limitation, the risks and uncertainties reflected in the press release and the earnings call presentation filed today, as well as in the company's most recent annual and quarterly reports. The forward-looking statements are representative only as of the date they are made and except as required by applicable law, we assume no responsibility to publicly update or revise any forward-looking statements.

We will also discuss both GAAP and non-GAAP financial measures. Non-GAAP measures should not be considered in isolation from as a substitute for or superior to our GAAP results. We encourage you to consider all measures when analyzing our performance. A reconciliation of the GAAP to non-GAAP measures is included in today's press release and accompanying slide presentation.

As a reminder, on June 13, 2023 we entered into an agreement to sell an 81% interest in our SMART Brazil operation. The transaction is expected to close at the end of calendar '23 or early '24 subject to required regulatory approvals and satisfaction of customary closing conditions.