ITT Inc. (NYSE:ITT) Q3 2022 Results Conference Call November 3, 2022 8:30 AM ET
Company Participants
Mark Macaluso - VP, IR
Luca Savi - CEO and President
Emmanuel Caprais - CFO
Conference Call Participants
Joe Giordano - Cowen
Jeff Hammond - KeyBanc Capital Markets
Mike Halloran - Baird
Damian Karas - UBS
Matt Mooney - Stifel
Vlad Bystricky - Citi
Bryan Blair - Oppenheimer
Andrew Obin - Bank of America
Matt Summerville - D.A. Davidson
Operator
Good morning or good afternoon, and welcome to ITT’s 2022 Third Quarter Conference Call. Today is Thursday, November 3, 2022. Today’s call is being recorded and will be available for replay beginning at 12:00 p.m. ET. [Operator Instructions]
It is now my pleasure to turn the floor over to Mark Macaluso, Vice President, Investor Relations. You may begin.
Mark Macaluso
Thank you, and good morning. Welcome to ITT’s Third Quarter 2022 Earnings Conference Call.
Joining here this morning are Luca Savi, ITT’s Chief Executive Officer and President; and Emmanuel Caprais, Chief Financial Officer. Today’s call will cover ITT’s financial results for the 3-month period ending October 1, which we announced this morning. Today’s remarks may contain forward-looking statements that are subject to certain risks and uncertainties including comments related to company performance, strategic priorities, business mix, market conditions and the effects of COVID-19 on ITT.
These statements are not a guarantee of future performance or events and are based on management’s current expectations. Actual results may vary materially due to, among other items, the factors described in our 2021 annual report on Form 10-K and other recent SEC filings. ITT is not under and expressly disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise. Except for otherwise noted, the third quarter results we present this morning will be compared to the third quarter of 2021 and are based on non-GAAP financial measures. These adjusted results exclude certain nonoperating and nonrecurring items, including, but not limited to, charges related to the suspension of operations in Russia, restructuring, acquisition-related charges and certain tax items and in 2021, asbestos-related charges.
All adjustments in the quarter are detailed along with the reconciliation of such measures to the most comparable GAAP figures in our press release and presentation, both of which are available on our website.
It is now my pleasure to turn the call over to Luca, who will begin on Slide number 3.