ITT Inc. (NYSE:ITT) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET
Company Participants
Mark Macaluso - VP, IR
Luca Savi - CEO and President
Emmanuel Caprais - CFO
Conference Call Participants
Mike Halloran - Baird
Jeff Hammond - KeyBanc
Adam Farley - Stifel
Vlad Bystricky - Citigroup
Damian Karas - UBS
Joe Giordano - Cowen
Sabrina Abrams - Bank of America
Matt Summerville - D.A. Davidson
Operator
Welcome to ITT's 2022 Second Quarter Conference Call. Today is Thursday, August 4th, 2022. Today's call is being recorded. [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, Chris and good morning. It's my pleasure to welcome you to ITT second quarter 2022 earnings conference call. Joining me 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 three month period ending July 2, which we announced this morning.
Today's remarks may contain forward-looking statements that are subject to certain risks and uncertainties, including comments relating 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 end 2021 Annual Report on Form 10-K and other recent SEC filings. ITT is not under any 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 second quarter results we present this morning will be compared to the second quarter of 2021 and are based on non-GAAP financial measures. These adjusted results exclude certain non-operating, and non-recurring items, including but not limited to a charge in the first quarter 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 a 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 three.
Luca Savi
Thank you, Mark, and good morning.