SPX Technologies, Inc. (NYSE:SPXC) Q2 2023 Earnings Conference Call August 2, 2023 4:45 PM ET

Company Participants

Paul Clegg - VP, IR & Communications

Eugene Lowe - President, CEO & Director

Mark Carano - VP, CFO & Treasurer

Conference Call Participants

Bryan Blair - Oppenheimer

Lawrence De Maria - William Blair & Company

Stephen Ferazani - Sidoti & Company

Walter Liptak - Seaport Research Partners

Damian Karas - UBS

Operator

Good day, and thank you for standing by. Welcome to the Q2 2023 SPX Technologies Earnings Conference Call. [Operator Instructions]. Please be advised today's conference call is being recorded. I would now like to hand the conference over to your speaker today, Paul Clegg, Vice President, Investor Relations and Communications. Paul, please go ahead.

Paul Clegg

Thank you, operator, and good afternoon, everyone. Thanks for joining us. With me on the call today are Gene Lowe, our President and Chief Executive Officer; and Mark Carano, our Chief Financial Officer. A press release containing our second quarter 2023 results was issued today after market close. You can find the release and our earnings slide presentation as well as a link to a live webcast of this call in the Investor Relations section of our website at spx.com.

I encourage you to review our disclosure and discussion of GAAP results in the press release and to follow along with the slide presentation during our prepared remarks. A replay of the webcast will be available on our website until August 9.

As a reminder, portions of our presentation and comments are forward-looking and subject to safe harbor provisions. Please also note the risk factors in our most recent SEC filings. Our comments today will largely focus on adjusted financial results and comparisons will be to the results of continued operations only.

You can find detailed reconciliations of historical adjusted figures from their respective GAAP measures in the appendix to today's presentation. Our adjusted earnings per share exclude primarily acquisition and strategic transformation costs, non-service pension items, mark-to-market changes, amortization expense and certain discrete tax items.

Finally, we will be conducting meetings with investors over the coming months, including at the Seaport Global Virtual Conference in August and at the Jefferies Industrial Conference in New York in September. And with that, I'll turn the call over to Gene.

Eugene Lowe

Thanks, Paul. Good afternoon, everyone, and thank you for joining us. On the call today, we'll provide you with an update on our consolidated and segment results for the second quarter. We'll also provide an update on our full year guidance for 2023.