SPX Corporation (NYSE:SPXC) Q1 2022 Earnings Conference Call May 4, 2022 4:45 PM ET

Company Participants

Paul Clegg - VP of IR and Communications

Gene Lowe - President and CEO

James Harris - CFO, VP & Treasurer

Conference Call Participants

Damian Karas - UBS

Steve Ferazani - Sidoti

Walter Liptak - Seaport Global

Operator

Thank you for standing by. And welcome to the SPX Corporation's First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Paul Clegg, Vice President, Investor Relations and Communications. Please go ahead.

Paul Clegg

Thank you, and good afternoon, everyone. Thanks for joining us. With me on the call today are Gene Lowe, our President and Chief Executive Officer; and Jamie Harris, our Chief Financial Officer. A press release containing our first quarter 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 our 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, including our disclosures related to the ongoing COVID-19 pandemic. 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 also excludes nonservice pension items, amortization expense and investment gain, certain favorable discrete tax items and other strategic related items.

Finally, we will be conducting virtual meetings with investors over the coming months, including at the Loop Capital Investor Conference in New York on June 2.

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 a brief update on our consolidated and segment results for the first quarter. We'll also provide an update to our full year guidance, which includes the impact of our most recent acquisition.