Pason Systems Inc (TSX:PSI)
C$ 13.4 0.07 (0.53%) Market Cap: 1.07 Bil Enterprise Value: 999.75 Mil PE Ratio: 9.44 PB Ratio: 2.22 GF Score: 87/100
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Q3 2020 Pason Systems Inc Earnings Call Transcript

Nov 05, 2020 / 04:00PM GMT
Release Date Price: C$5.17 (-1.90%)
Operator

Good morning. My name is Amanda, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Pason Systems Inc. Third Quarter 2020 Earnings Conference Call. (Operator Instructions)

Thank you. Mr. Faber, you may begin your conference.

Jon Faber
Pason Systems Inc. - President, CEO & Director

Thank you. Good morning, and welcome to Pason's Third Quarter 2020 Conference Call. I'm joined today in Calgary by Dave Elliott, our Chief Financial Officer.

I will start with the highlights of the third quarter, and Dave will provide a more detailed look at our financial performance. I will then close with a brief perspective on the outlook for the industry and for Pason, and we will then take any questions.

Industry conditions in the third quarter of 2020 were the most challenging that Pason has faced in its history. The ongoing global COVID-19 pandemic has had devastating impacts, both from a health and economic perspective. Global oil demand remained below pre-pandemic levels in the third quarter, though

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