Symbotic Inc. (SYM) Q4 2024 Earnings Call Transcript

News Room

Symbotic Inc. (NASDAQ:SYM) Q4 2024 Earnings Conference Call November 18, 2024 5:00 PM ET

Company Participants

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

Conference Call Participants

Jim Ricchiuti – Needham
Ross Sparenblek – William Blair
Ken Newman – KeyBanc Capital Markets
Damian Karas – UBS
Matt Summerville – D.A. Davidson
Derek Soderberg – Cantor Fitzgerald
Rob Mason – Baird
Greg Palm – Craig-Hallum
Michael Latimore – Northland Capital Markets
Guy Hardwick – Freedom Capital Markets

Operator

Thank you for standing by, and welcome to Symbotic’s Fourth Quarter and Fiscal 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to Charlie Anderson, VP, Investor Relations. Please go ahead.

Charlie Anderson

Thank you. Hello. Welcome to Symbotic’s fourth quarter 2024 financial results webcast. I’m Charlie Anderson, Symbotic’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 Form 10-K, 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 GAAP to non-GAAP measures is included in today’s earnings press release, which is distributed and available to the public through our Investor Relations website located at ir.symbotic.com. On today’s call, we are joined by Rick Cohen, Symbotic’s Founder, Chairman and Chief Executive Officer; and Carol Hibbard, Symbotic’s Chief Financial Officer. These executives will discuss our fourth quarter and full

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