SPX Technologies, Inc. (NYSE:SPXC) Q1 2023 Earnings Conference Call May 4, 2023 4:45 PM ET

Company Participants

Paul Clegg - IR

Gene Lowe - President and CEO

Mark Carano - CFO

Conference Call Participants

Damian Karas - UBS

Bryan Blair - Oppenheimer

Lawrence De Maria - William Blair

Steve Ferazani - Sidoti

Walter Liptak - Seaport Research

Operator

Good day, and thank you for standing by. Welcome to the SPX Technologies Q1 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would like now to hand the conference over to Paul Clegg, VP of Investor Relations and Communications.

Paul Clegg

Thank you, operator, and good afternoon, everyone. Thanks for joining us. With me on the call today are Eugene Lowe, our President and Chief Executive Officer; and Mark Carano, our Chief Financial Officer.

A press release containing our first quarter 2023 results was issued today after market close. You can find the release and an 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 May 11. 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 to 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 a gain on the change in the value of an equity security.

Finally, we will be conducting meetings with investors over the coming months, including at the William Blair Growth Stock Conference in Chicago on June 7.

And with that, I'll turn the call over to Gene.

Gene 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 first quarter. We'll also provide an update on our full year guidance for 2023 and our recent M&A activity.