Mirion Technologies, Inc. (NYSE:MIR) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET
Company Participants
Alex Gaddy - Vice President, Finance and Investor Relations
Larry Kingsley - Chairman
Tom Logan - Founding Chief Executive Officer
Brian Schopfer - Chief Financial Officer
Conference Call Participants
Chris Moore - CJS Securities
Andy Kaplowitz - Citigroup
Joe Ritchie - Goldman Sachs
Ronny Scardino - Goldman Sachs
Operator
Good day and welcome to the Mirion Technologies First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please also note this event is being recorded. And I would now like to turn the conference over to Alex Gaddy, Vice President of Finance and Investor Relations. Please go ahead.
Alex Gaddy
Good morning, everyone and thank you for joining Mirion’s first quarter 2022 earnings call. A reminder that comments made during this presentation will include forward-looking statements and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in our annual report on Form 10-K and quarterly reports on Form 10-Q that we file from time-to-time with the SEC under the caption Risk Factors and in Mirion’s other filings with the SEC. Quarterly references within today’s discussion are related to the first quarter ended March 31, 2022.
The comments made during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the appendix of this presentation accompanying this conference call, which can be found on Mirion’s IR website at ir.mirion.com.
Joining me on the call today are Larry Kingsley, Chairman of the Board; Tom Logan, Founding Chief Executive Officer; and Brian Schopfer, Chief Financial Officer.
Now, I will turn it over to our Chairman of the Board, Larry Kingsley. Larry?
Larry Kingsley
Thank you, Alex and good morning everyone. We appreciate your continued interest in Mirion and are excited to share our current assessment of the company’s performance and outlook. This morning, we announced our earnings results for the first quarter of 2022 and that provided an update to our expectations for the rest of the year. We will also share our view of how this dynamic environment impacts the short and long-term growth prospects for the business.
I want to begin by highlighting some of the key trends that I’d like you to take away from this call. First, the operating environment remained challenging, and in some respects, deteriorated during the first quarter. The conflict in Ukraine and the supply chain issues specific to our bill of materials post significant challenges for our business, which we expect to continue. However, all things considered, Tom and I are proud of the team for taking the new variety of challenges head on and delivering a solid quarter of results. I believe that the team has positioned the company for success in the coming quarters. Second, demand remains robust for Mirion’s diverse set of products and services.