Apergy Corporation (APY) Q1 2020 Earnings Call Transcript

Apergy Corporation (APY) Q1 2020 Earnings Call Transcript

During today's call, Soma will discuss Apergy's first quarter highlights as well as our market outlook, Jay will then discuss our first quarter results before turning the call back to Soma for summary comments, and then we will open the call for Q&A.. I would like to welcome our shareholders, our analysts and our employees to our first quarter 2020 earnings call.. Apergy's businesses are classified as critical infrastructure our manufacturing and field locations continue to operate and support the vital oil and gas infrastructure around the world.. We have also taken actions to reduce capital expenditures and improve working capital.. Our production-focused products are critical components in maintaining production from existing routes as well as providing more-efficient operations and lower operating costs for our customers.. In low oil price environment, our ability to help customers lower their operating cost becomes even more critical.. We will continue to preserve the strong brands for product lines such as U.S.. Above all, our merger with ChampionX will result in a stronger company to navigate the current downturn with reduced leverage and strong free cash flow generation.. We converted 8% of our revenue to free cash flow in the quarter.. Within Production &