Roper Technologies
Q2 2022 Earnings Call
Jul 22, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning. The Roper Technologies conference call will now begin. Today's call is being recorded, [Operator instructions] And now I'd like to turn the call over to Zack Moxcey, vice president, investor relations. Please go ahead.
Zack Moxcey -- Vice President, Investor Relations
Good morning, and thank you all for joining us as we discuss the second quarter financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, president and chief executive officer; Rob Crisci, executive vice president and chief financial officer; Jason Conley, vice president and chief accounting officer; and Shannon O'Callaghan, vice president of finance. Earlier this morning, we issued a press release announcing our financial results. The press release also includes replay information for today's call.
We prepared slides to accompany today's call, which are available through the webcast and are also available on our website. Now if you please turn to Page 2. We begin with our safe harbor statement. During the course of today's call, we will make forward-looking statements which are subject to risks and uncertainties as described on this page, in our press release and in our SEC filings.
You should listen to today's call in the context of that information. And now please turn to Page 3. Today, we will discuss our results for the quarter primarily on an adjusted non-GAAP basis. During the quarter, Roper announced an agreement to sell a majority stake in our industrial businesses.
Results for these businesses are reported as discontinued operations for all periods presented. Unless otherwise noted, the numbers shown in this presentation are on a continuing operations basis. For the second quarter, the difference between our GAAP results and adjusted results consists of the following items: amortization of acquisition-related intangible assets; purchase accounting adjustments to commission expense; income tax restructuring expense associated with the pending sale of our industrial businesses. And lastly, we have adjusted our cash flow statement to exclude the cash taxes paid related to our 2021 divestitures.
GAAP requires these payments to be classified as operating cash flow items even though they are related to the divestitures. Reconciliations can be found in our press release and in the appendix of this presentation on our website. And now if you please turn to Page 4, I'll hand the call over to Neil. After our prepared remarks, we will take questions from our telephone participants.