Agiliti, Inc. (NYSE:AGTI) Q2 2023 Results Conference Call August 8, 2023 5:00 PM ET

Company Participants

Matt McCabe - Senior Vice President of Finance and Investor Relations

Tom Boehning - Chief Executive Officer

Jim Pekarek - Chief Financial Officer

Conference Call Participants

Matthew Mishan - KeyBanc Capital Markets

Jason Cassorla - Citi

Brian Tanquilut - Jefferies

Operator

Good afternoon, and welcome to Agiliti's Second Quarter 2023 Earnings Conference Call. Today's call is being recorded and we have allocated 1 hour for prepared remarks and Q&A.

At this time, I would like to turn the conference over to Matt McCabe, Senior Vice President of Finance and Investor Relations at Agiliti. Thank you and you may begin.

Matt McCabe

Thank you, operator, and hello, everyone. Thank you for joining us on today's call as we provide an overview of Agiliti's results for the second quarter ending June 30, 2023. Before we begin, I'll remind you that during today's call, we will be making statements that are forward-looking and consequently are subject to risks and uncertainties. Certain factors may affect us in the future and could cause actual results to differ materially from those expressed in these forward-looking statements. Specific risk factors are detailed in our press release and in our most recent SEC filings, which can be found in the Investors section of our corporate website at agilitihealth.com.

We will also be referring to certain measures that are not calculated and presented in accordance with generally accepted accounting principles during this call. You can find a reconciliation of those measures to the most directly comparable GAAP measures and a description of why we use these measures in our press release. To download a copy of the presentation that we will use to facilitate today's discussion, please visit our website at agilitihealth.com, select the Investors section at the top of the screen and then Events and Presentations. Finally, select the presentation titled Agiliti Q2 2023 earnings slides.

I'll now turn the call over to our CEO, Tom Boehning.

Tom Boehning

Good afternoon, and thank you for joining us today as we review our results from the second quarter of 2023. On the call with me today is our Senior Vice President of Finance, and Investor Relations, Matt McCabe; and our Chief Financial Officer, Jim Pekarek. Jim will review our Q2 results in more detail and provide additional color on our performance and outlook. In the second quarter, revenue increased consistent with our forecast over prior year. However, we did not see a corresponding increase in the EBITDA contributions that we expected due to a shift in our Solutions mix.