American Superconductor Corporation (NASDAQ:AMSC) Q1 2024 Earnings Conference Call August 7, 2024 10:00 AM ET

Company Participants

Nicol Golez - Director of Communications
Daniel McGahn - Chairman, President and CEO
John Kosiba - CFO, SVP and Treasurer

Conference Call Participants

Eric Stine - Craig Hallum
Colin Rusch - Oppenheimer
Justin Clare - ROTH Capital Partners

Operator

Good day, and welcome to the AMSC First Quarter Fiscal 2024 Financial Results. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Nicol Golez, Director of Communications at AMSC. Please go ahead.

Nicol Golez

Thank you, Dave. Good morning, everyone, and welcome to American Superconductor Corporation's first quarter of fiscal year 2024 earnings conference call. I am Nicol Golez, Director of Communications. With us on today's call are Mr. Daniel McGahn, Chairman, President and Chief Executive Officer; and Mr. John Kosiba, Senior Vice President, Chief Financial Officer and Treasurer.

American Superconductor issued its earnings release for the first quarter of fiscal year 2024 yesterday after market closed. For those who have not seen the release, a copy is available in the Investors page of the company's website at www.amsc.com.

Before starting the call, I would like to remind you that various remarks management may make about American Superconductor's future expectations, including expectations regarding the company's second quarter of fiscal year 2024 financial performance, plans and prospects constitute forward-looking statements for purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially from those indicated by such forward-looking statements because of various important factors, including those in the Risk Factors section of American Superconductor's annual report on Form 10-K for the year ended March 31, 2024, which the company filed with the Securities and Exchange Commission on May 29, 2024, and the company's other reports filed with the SEC.

These forward-looking statements represent management's expectations only as of today and should not be relied upon as representing management's views as of any date after today. While the company anticipates that subsequent events and developments may cause the company's views to change, the company specifically disclaims any obligation to update these forward-looking statements.

Also, on today's call, management will refer to non-GAAP net income or non-GAAP financial measures. The company believes non-GAAP net income assist management and investors in comparing the company's performance across reporting periods on a consistent basis by excluding these noncash, nonrecurring or other charges that it does not believe are indicative of its core operating performance.