Cubic Corp (CUB) Q1 2020 Earnings Call Transcript

Cubic Corp (CUB) Q1 2020 Earnings Call Transcript

I'm joined today by Brad Feldmann, Chairman, President and Chief Executive Officer; and Anshooman Aga, Executive Vice President and Chief Financial Officer.. Anshooman will then discuss financial results in greater detail in our fiscal 2020 outlook.. Turning to slide three, our strategic priority is to remain squarely focused on building technology driven, market leading businesses, and system consistently delivering on our customer commitments through excellent project execution and positioning for the future by investing in digital platforms and agile product innovation to better serve our customers and to accelerate revenue and margin growth.. adjusted EBIT da of $11.4 million and adjusted loss per share of 12 cents represents declines year on year, largely due to necessary upfront growth investments with our mission solutions business in key long term profitable contracts.. Overall, our performance was in line with the updated expectations we communicated on January 14, at the Needham conference.. We also communicated that Q1 would be impacted by delayed orders in our Mission Solutions business as a result of the continuing resolution.. We remain confident in the full year outlook due to our significant backlog that provides strong visibility as well as expected orders in Mission Solutions, which will be