Axalta Coating Systems Ltd. (NYSE:AXTA) Q2 2022 Earnings Conference Call July 27, 2022 8:00 AM ET
Company Participants
Chris Evans - VP, IR
Robert Bryant - CEO
Sean Lannon - CFO
Rakesh Sachdev - Interim CEO
Conference Call Participants
Christopher Parkinson - Mizuho
John McNulty - BMO Capital Markets
Ghansham Panjabi - Baird
Kevin McCarthy - Vertical Research Partners
PJ Juvekar - Citi
Alex Yefremov - KeyBanc
David Begleiter - Deutsche Bank
Mike Harrison - Seaport Research Partners
Matt DeYoe - Bank of America
Mike Sison - Wells Fargo
Mike Leithead - Barclays
Josh Spector - UBS
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Axalta's Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. A question-and-answer session will follow the presentation by management. Today's call is being recorded and a replay will be available through August 3rd. Those listening after today's call should please note that information provided in the recording will not be updated, therefore may be no longer current.
I'll now turn the call over to Chris Evans. Please go ahead, sir.
Chris Evans
Thank you and good morning. This is Chris Evans, VP of Investor Relations. We appreciate your continued interest in Axalta and welcome you to our second quarter 2022 financial results conference call.
Yesterday afternoon we released our quarterly financial results and posted a slide presentation along with commentary to the Investor Relations section of our website at axalta.com, which we will be referencing during this call.
Both our prepared remarks and discussion today may contain forward-looking statements, reflecting the company's current view of future events and their potential effect on Axalta's operating and financial performance. These statements involve uncertainties and risks and actual results may differ materially from those forward-looking statements. Please note that the company is under no obligation to provide updates to these forward-looking statements.
Our remarks and the slide presentation also contain various non-GAAP financial measures. In the Appendix to the slide presentation we've included reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures. For additional information regarding forward-looking statements and non-GAAP financial measures, please refer to our filings with the SEC.
In conjunction with our earnings release yesterday, Axalta also announced that Robert Bryant will step down as President and CEO effective August 31st. Rakesh Sachdev, an Independent Director of the Board and experienced executive in the Chemicals and Life Sciences industry has been appointed interim CEO effective upon Robert's departure, while the Board conducts a search for a successor. The press release can be found in the Investor Relations section of our website.