Q1 2022 Copart Inc Earnings Call Transcript
Good day, everyone, and welcome to the Copart, Inc. First Quarter Fiscal 2022 Earnings Call. As a reminder, today's conference is being recorded. (Operator Instructions)
For opening remarks, I would like to turn the call over to Mr. John North, Chief Financial Officer of Copart, Inc. Please go ahead, sir.
Good morning. During today's call, we'll discuss certain non-GAAP measures, which include adjustments to reverse payroll tax benefits related to accounting for stock option exercises. We provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures on our Investor Relations website and in our press release issued yesterday. We believe these non-GAAP measures, together with our corresponding GAAP measures, are relevant in analyzing our results and assessing our business trends and performance.
In addition, our comments today include forward-looking statements within the meaning of federal securities laws, including management's current views with
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