Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Q2 2022 Results Conference Call August 16, 2022 9:00 AM ET

Company Participants

Ryan Coleman - Alpha IR Group

Greg Marken - Chief Executive Officer, President and Treasurer

Morgan Fields - Chief Accounting Officer

Operator

Hello, everyone, and welcome to the Advanced Emissions Solutions Second Quarter 2022 Earnings Call. Thank you for your patience. My name is Daisy, and I'll be coordinating today's call.

I would now like to hand the call over to your host, Ryan Coleman, with Investor Relations to begin. Sir Ryan, please go ahead.

Ryan Coleman

Thank you, Daisy, and good morning, everyone, and thank you for joining us today for our second quarter 2022 earnings results call. With me on the call today are Greg Marken, Chief Executive Officer, President and Treasurer; as well as Morgan Fields, Chief Accounting Officer.

This call is being webcasted live within the Investors section of our website, and a downloadable version of today's presentation is available there as well. A webcast replay will also be available on the site, and you can contact Alpha IR for Investor Relations support at (312) 445-2870.

Let me remind you that the presentation and remarks made today include forward-looking statements as defined in Section 21E of the Securities Exchange Act. These statements are based on information currently available to us and involve risks and uncertainties that could cause actual future results, performance and business prospects and opportunities to differ materially from those expressed in or implied by these statements. These risks and uncertainties include, but are not limited to, those factors identified on Slide 2 of today's slide presentation, in our Form 10-Q for the quarter ended June 30, 2022, and other filings with the Securities and Exchange Commission. Except as expressly required by securities laws, the company undertakes no obligation to update those factors or any forward-looking statements to reflect future events, developments or changed circumstances or for any other reason. In addition, it is especially important to review the presentation and today's remarks in conjunction with the GAAP references in the financial statements.

So with that, I'd like to turn the call over to Greg.

Greg Marken

Thank you, Ryan, and thanks to everyone for joining us this morning. We delivered yet another strong quarter of consumables revenue growth as our Red River plant continues to operate at high utilization rates. Favorable macroeconomic dynamics continue to support strong demand for our activated carbon products. Our production volume once again exceeded plan, resulting in a stronger and more agile inventory position, thus allowing us to continue to proactively address tight supply conditions and global supply chain challenges. While we continue to face margin headwinds, we are becoming more comfortable with our production volume growth and our ability to service record-high customer demand.