Sanmina Corporation (NASDAQ:SANM) Q1 2024 Earnings Call Transcript January 29, 2024 5:00 PM ET

Company Participants

Paige Melching - SVP of Investor Communications

Jure Sola - Chairman & CEO

Jon Faust - EVP & CFO

Conference Call Participants

Christian Schwab - Craig-Hallum Capital Group

Anja Soderstrom - Sidoti

Ruplu Bhattacharya - Bank of America

Operator

Good afternoon, ladies and gentlemen, and welcome to the Sanmina’s First Quarter Fiscal 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Monday, the 29th of January, 2024.

I would now like to turn the conference over to Paige Melching, Senior Vice President of Investor Communications. Please go ahead.

Paige Melching

Thank you, Jon. Good afternoon, ladies and gentlemen, and welcome to Sanmina's first quarter fiscal 2024 earnings call. A copy of our press release and slides for today's discussion are available on our website at sanmina.com in the Investor Relations section. Joining me on today's call is Jure Sola, Chairman and Chief Executive Officer.

Jure Sola

Good afternoon.

Paige Melching

And Jon Faust, Executive Vice President and Chief Financial Officer.

Jon Faust

Good afternoon.

Paige Melching

Before I turn the call over to Jure, let me remind everyone that today's call is being webcasted and recorded and will be available on our website. You can follow along with our prepared remarks and the slides provided on our website.

Please turn to Slide 3 of our presentation and take note of our safe harbor statement. During this conference call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. We caution you that such statements are just projections. The company's actual results could differ materially from those projected in these statements as a result of factors set forth in the safe harbor statement. The company is under no obligation to and expressly disclaims any such obligation to update or alter any of the forward-looking statements made in the earnings release, the earnings presentation, the conference call, or the investor relations section of our website, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Included in our press release and slides issued today, we have provided you with statements of operation for the first quarter ended December 30, 2023 on a GAAP basis, as well as certain non-GAAP financial information. A reconciliation between the GAAP and non-GAAP financial information is also provided in the press release and slides posted on our website. In general, non-GAAP information excludes restructuring costs, acquisition and integration costs, non-cash stock-based compensation expense, amortization expense, and other unusual or infrequent items. Any comments we make on this call as it relates to the income statement measures will be directed at our non-GAAP financial results. Accordingly, unless otherwise stated in this conference call, when we refer to gross profit, gross margin, operating income, operating margin, taxes, EBITDA, net income and earnings per share, we are referring to our non-GAAP information.