Onto Innovation Inc. (NYSE:ONTO) Q2 2022 Results Earnings Conference Call August 10, 2022 4:30 PM ET
Company Participants
Michael Sheaffer - Senior Director Investor Relations, Corporate Communications and Market Research
Michael Plisinski - Chief Executive Officer
Mark Slicer - Chief Financial Officer
Conference Call Participants
Quinn Bolton - Needham & Company
Craig Ellis - B. Riley & Co.
Brian Chin - Stifel, Nicolaus & Company
Hans Chung - D.A. Davidson
David Duley - Steelhead Securities
Mark Miller - The Benchmark Company LLC
Operator
Good day, ladies and gentlemen, and welcome to the Onto Innovation Second Quarter Earnings Release Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Michael Sheaffer, Investor Relations. Please go ahead, sir.
Michael Sheaffer
Thank you, Kyle. And good afternoon, everyone. Onto Innovation issued its 2022 second quarter financial results this afternoon shortly after the market close. If you haven't received a copy of the release, please refer to the company's website, where a copy of the release is posted.
Joining us on the call today are Michael Plisinski, Chief Executive Officer, and Mark Slicer, Chief Financial Officer.
As always, I'd like to remind you that the statements made by the management on this call will contain forward-looking statements within the meaning of the federal securities laws. Such statements are subject to a range of changes, risks and uncertainties that can cause actual results to vary materially. For more information regarding the risk factors that may impact Onto Innovation's results, I would encourage you to review our earnings release and our SEC filings. Onto Innovation does not undertake the obligation to update these forward-looking statements in light of new information or future events.
Today's discussion of our financial results will be presented on a non-GAAP financial basis, unless otherwise specified. As a reminder, a detailed reconciliation between GAAP and non-GAAP results can be found in today's earnings release.
I will now go ahead and turn the call over to Mike Plisinski. Mike?
Michael Plisinski
Thank you, Mike. And good afternoon and welcome to Onto Innovation second quarter earnings call. We have many exciting highlights to cover today. But before we do, I want to first welcome Mark Slicer to his first earnings call with Onto Innovation.
As many of you are aware, Mark joins us from Boston Scientific where he was senior vice president of global financial operations. In this role, he was responsible for the financial performance of the worldwide manufacturing and distribution network having a production value of approximately $3 billion annually. Mark's experience driving global supply chain improvements, gross margin expansion and M&A will be an asset to our team as we build the scale to support the growing demand for our connected solutions.