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Peloton Interactive (PTON) Q3 2021 Earnings Call Transcript


Peloton Interactive (PTON) Q3 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
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Peloton Interactive (NASDAQ: PTON)
Greetings, and welcome to the Peloton Interactive third-quarter 2021 earnings call. [Operator instructions] This conference is being recorded Thursday, May 6, 2021. And now I d like to turn the conference over to Peter Stabler, head of investor relations. Please go ahead.
Peter Stabler
Head of Investor Relations
Thanks, Scott. Good afternoon, and welcome to Peloton s fiscal third-quarter conference call. Joining today s call are John Foley, our co-founder and CEO; president, William Lynch; and CFO, Jill Woodworth. Our comments and responses to your questions reflect management s views as of today only and will include statements related to our business that are forward-looking statements under federal securities law. ....

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Peloton (NASDAQ: PTON), the leading interactive fitness platform, announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in a transaction valued at $420 million USD. With the acquisition, Peloton plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly-skilled team, and accelerate Peloton’s penetration of the commercial market. Peloton plans to produce connected fitness products in the U.S. before the end of the ....

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