Symbotic Inc. (SYM) Q3 2024 Earnings Call Transcript

32 mins read

Start Time: 17:00 January 1, 0000 5:53 PM ET

Symbotic Inc. (NASDAQ:SYM)
Q3 2024 Earnings Conference Call
July 29, 2024, 17:00 PM ET

Company Participants

Rick Cohen – Founder, Chairman and CEO
Carol Hibbard – CFO
Jeff Evanson – VP, IR and Corporate Development

Conference Call Participants

Andy Kaplowitz – Citi
Damian Karas – UBS
Matt Summerville – D.A. Davidson
Ross Sparenblek – William Blair
Greg Palm – Craig-Hallum
Jim Ricchiuti – Needham
Nicole DeBlase – Deutsche Bank
Mark Delaney – Goldman Sachs
Rob Mason – Baird
Ken Newman – KeyBanc Capital Markets
Derek Soderberg – Cantor Fitzgerald
Joe Giordano – TD Cowen

Operator

Good day and thank you for standing by. Welcome to the Symbiotic Third Quarter Fiscal 2024 Financial Results. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speakers today, Jeff Evanson, Vice President of Investor Relations. Please go ahead.

Jeff Evanson

Thank you, Victor. Hello. Welcome to Symbiotic’s third quarter 2024 financial results webcast. I am Jeff Evanson, Symbiotic’s VP of Investor Relations.

Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Forms 10-K and 10-Q, including the risk factors. We undertake no obligation to update any forward-looking statements.

In addition, during this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today’s earnings press release, which is distributed and available to the public through our Investor Relations

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