Inotiv, Inc. (NASDAQ:NOTV) Q3 2022 Earnings Conference Call August 10, 2022 5:00 PM ET

Company Participants

Devin Sullivan - The Equity Group Inc.

Bob Leasure - President and Chief Executive Officer

Beth Taylor - Chief Financial Officer

John Sagartz - Chief Strategy Officer

Conference Call Participants

Frank Takkinen - Lake Street Capital Markets

Matthew Hewitt - Craig-Hallum Capital Group

David Windley - Jefferies

Operator

Greetings. Welcome to Inotiv, Inc.'s Third Quarter Fiscal 2022 Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Devin Sullivan of the Equity Group. Thank you. You may begin.

Devin Sullivan

Thank you, Alex. Thank you, everyone, for joining Inotiv's Third Quarter Fiscal 2022 Financial Results Call.

Before we begin, I'd like to remind everyone that some of the statements that management will make on this call are considered forward-looking statements, including statements about the company's future operating and financial results and plans. Such statements are subject to risks and uncertainties that could cause actual performance or achievements to be materially different from those projected. Any such statements represent management's expectations as of today's date. You should not place any undue reliance on these forward-looking statements, and the company does not undertake any obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise. Please refer to the company's SEC filings for further guidance on this matter.

Management will also discuss certain non-GAAP financial measures in an effort to provide additional information for investors. A definition of these non-GAAP measures and reconciliation to the most comparable GAAP measures are included in the company's earnings release, which will be posted in the Investors section of the company's website at inotivco.com and is also available in the Form 8-K filed with the Securities and Exchange Commission today.

Joining us from the company this afternoon are Bob Leasure, President and Chief Executive Officer; Beth Taylor, Chief Financial Officer; and John Sagartz, Chief Strategy Officer. Bob will begin with some opening remarks, after which Beth will present a summary of the company's financial results. Then we'll open the call for questions.

It is now my pleasure to turn the call over to Bob Leasure, President and CEO of Inotiv. Bob, please go ahead.

Bob Leasure

Thank you, Devin, and good afternoon, everyone. We appreciate you taking the time to join us today. By almost any measure, our third quarter results were above our expectations at this point in our growth and integration development strategy, driven by a combination of the positive impact of well-positioned acquisitions, organic growth and a favorable pricing environment, we reported record revenues, adjusted EBITDA and backlog. We continue to make investments in expanding capacity and developing new service lines in response to demand from existing clients, clients of businesses we acquired in recent acquisitions and new clients we've attracted as we've continued to build the product and service portfolio and positive reputation of Inotiv as a fully integrated service provider.