Agiliti, Inc. (NYSE:AGTI) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET

Company Participants

Kate Kaiser - Senior Vice President, Corporate Communications and Investor Relations

Tom Leonard - Chief Executive Officer

Jim Pekarek - Chief Financial Officer

Tom Boehning - President

Conference Call Participants

Matthew Borsch - BMO Capital Markets

Joanna Gajuk - Bank of America

Jason Cassorla - Citi

Matthew Mishan - KeyBanc

Zach Weiner - Jefferies

Amit Hazan - Goldman Sachs

Operator

Good afternoon, ladies and gentlemen and welcome to Agiliti’s First Quarter of 2022 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’d like to turn the conference over to Kate Kaiser, Senior Vice President of Corporate Communications and Investor Relations at Agiliti. Thank you. You may begin.

Kate Kaiser

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 quarter ending March 31, 2022. Before we begin, I will 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 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’ll use to facilitate today’s discussion please visit our website at agilitihealth.com, select the Investors section at the table of the screen and then Events and Presentations. Finally, selected presentation titled Agiliti Q1 2022 earnings slides.

With that, I will turn the call over to our CEO, Tom Leonard.

Tom Leonard

Thanks, Kate and good afternoon. Thank you for time to join us as we review our results from the first quarter of 2022. Joining me today is our CFO, Jim Pekarek; and our President, Tom Boehning, who leads our commercial operations.

We are pleased with our performance in Q1, and our financial results met our expectations. We remain on track for the balance of the year and with three quarters of work still ahead of us we are reaffirming our full year financial guidance. Jim will review our Q1 results and provide additional color on our performance in a few minutes. I’d like to start today with some brief observations on the broader trends impacting our customers.