Snap One Holdings Corp. (NASDAQ:SNPO) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET

Company Participants

Eric Steele – Senior Vice President-Finance

John Heyman – Chief Executive Officer

Mike Carlet – Chief Financial Officer

Conference Call Participants

Paul Chung – JPMorgan

Chris Snyder – UBS

Ketan Mamtora – BMO

Keith Hughes – Truist

Ryan Merkel – William Blair

Brian Ruttenbur – Imperial Capital

Operator

Good afternoon, and welcome to Snap One Holdings Corp.’s Fiscal Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

I would now like to turn the call over to Snap One’s Senior Vice President of Finance, Eric Steele. Sir, please proceed.

Eric Steele

Great. Thank you. Good afternoon, and welcome to Snap One’s Fiscal Second Quarter 2022 Earnings Conference Call. As a reminder, this call is being recorded. Joining us today from Snap One are John Heyman, CEO; and Mike Carlet, CFO.

Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions, including, but not limited to, statements of expectations, future events or future financial performance. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call.

Actual events or results could differ materially. These statements are based on current expectations of the company’s management and involve inherent risks and uncertainties, including those identified in the Risk Factors section of our Annual Report on Form 10-K for the annual period ended December 31, 2021, filed with the SEC. All non-GAAP financial measures referenced in today’s call are reconciled in our earnings press release to the most directly comparable GAAP measure. This call also contains time-sensitive information that is accurate only as of the time and date of this broadcast, August 11, 2022.

Finally, I would like to remind everyone that this conference call is being webcast and a recording will be made available for replay on our Investor Relations website at investors.snapone.com. In addition to the webcast, we have posted a supplemental earnings presentation accompanying these results, which can also be found on our Investor Relations website.

I will now turn the call over to our CEO, John Heyman. John?

John Heyman

Eric, thank you, and welcome, everyone, and we appreciate you spending time with us this afternoon. To start today’s discussion, I’m going to review our recent highlights, and then I’ll turn the call over to Mike Carlet, our CFO, who will discuss our financial results for the quarter as well as provide our outlook for the second half of 2022. We’ll then share some closing remarks and open the call for questions.