Repligen Corporation (NASDAQ:RGEN) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET

Company Participants

Sondra Newman – Head-Investor Relations

Tony Hunt – President and Chief Executive Officer

Jon Snodgres – Chief Financial Officer

Conference Call Participants

Dan Arias – Stifel

Julia Qin – J.P. Morgan

Jacob Johnson – Stephens

Lisa Garcia – UBS

Matt Larew – William Blair

Paul Knight – KeyBanc

Matt Hewitt – Craig-Hallum Capital Group

Puneet Souda – SVB Securities

Operator

Good morning and welcome to the Repligen's 2022 Second Quarter Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] In order to accommodate all individuals, who wish to ask questions, there will be a limit of two questions at a time. Please note this event is being recorded.

I would now like to turn the conference over to Sondra Newman, Head of Investor Relations for Repligen. Please go ahead.

Sondra Newman

Thank you, Renan, and welcome to our second quarter report. On this call, we'll cover business highlights and financial performance for the three and six month periods ended June 30, 2022. We'll also provide updates to our financial guidance for the full year 2022. Repligen's President and CEO, Tony Hunt, and our CFO; Jon Snodgres, will deliver our report and then we will open the call up for Q&A.

As a reminder, the forward-looking statements that we make during this call, including those regarding our business goals and expectations for the financial performance of the company, are subject to risks and uncertainties that may cause actual events or results to differ. Additional information concerning risks related to our business is included in our annual report on Form 10-K, our quarterly reports on Form 10-Q, the current report on Form 8-K, which we're filing today, and other filings that we make with the Securities and Exchange Commission.

Today's comments reflect management's current views, which could change as a result of new information, future events or otherwise. The company does not obligate or commit itself to update forward-looking statements except as required by law. During this call, we are providing non-GAAP results and guidance. Reconciliations of GAAP to non-GAAP financial measures are included in the press release that we issued this morning, which is posted to Repligen's website and on sec.gov.

Non-GAAP figures in today's report include the following: revenue growth at constant currency, gross profit and gross margin, operating expenses including R&D and SG&A, operating income and operating margin, contingent consideration, income tax expense, net income and earnings per share, as well as EBITDA and adjusted EBITDA. These adjusted financial measures should not be viewed as an alternative to GAAP measures, but are intended to better enable investors to benchmark Repligen's current results against historical performance and the performance of peers when evaluating investment opportunities.