Phibro Animal Health Corporation (NASDAQ:PAHC) Q3 2022 Earnings Conference Call May 5, 2022 9:00 AM ET

Company Participants

Damian Finio - CFO

Jack Bendheim - Chairman, President and CEO

Daniel Bendheim - Director and EVP of Corporate Strategy

Conference Call Participants

Wolf Chanoff - Bank of America

Operator

Good morning. My name is Shantal, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Phibro Animal Health Corporation Third Quarter 2022 Conference Call. [Operator Instructions]

Damian Finio, Chief Financial Officer, you may begin your conference.

Damian Finio

Thank you, Shantal. Good morning, and welcome to the Phibro Animal Health Corporation earnings call for our fiscal third quarter ended March 31, 2022. My name is Damian Finio, and I am the Chief Financial Officer of Phibro Animal Health Corporation. I'm joined on today's call by Jack Bendheim, Phibro's Chairman, President and Chief Executive Officer; and Daniel Bendheim, Director and Executive Vice President of Corporate Strategy.

Today, we will cover financial performance for our third quarter as well as revised financial guidance for our fiscal year ending June 30, 2022. At the conclusion of our opening remarks, we will open the lines for questions. I'd like to remind you that we are providing a simultaneous webcast of this call on our website, pahc.com.

Also on the Investors section of our website, you will find copies of the earnings press release and third quarter Form 10-Q filed with the SEC yesterday, as well as the transcript and slides discussed and presented on this call. Our remarks today will include forward-looking statements, and actual results could differ materially from those projections. For a list and description of certain factors that could cause results to differ, I refer you to the forward-looking statements section in our earnings press release. Our remarks include references to certain financial measures, which were not prepared in accordance with generally accepted accounting principles or U.S. GAAP. I refer you to the non-GAAP financial information section in our earnings press release for a discussion of these measures. Reconciliations of these non-GAAP financial measures to the most directly comparable U.S. GAAP measures are included in the financial tables that accompany the earnings press release.

We present our results on a GAAP basis and on an adjusted basis. Our adjusted results exclude acquisition-related items, unusual, nonoperational or nonrecurring items, including stock-based compensation and restructuring costs; Other income and expense are separately reported in the consolidated statement of operations, including foreign currency gains and losses net; and lastly, income tax effects related to pretax adjustments and unusual or nonrecurring income tax items.