Cognex Corporation (NASDAQ:CGNX) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET

Company Participants

Susan Conway - Senior Director of Investor Relations

Rob Willett - President & Chief Executive Officer

Paul Todgham - Chief Financial Officer

Conference Call Participants

Joe Giordano - Cowen

Joe Ritchie - Goldman Sachs

Josh Pokrzwinski - Morgan Stanley

Jake Levinson - Melius Research

Jim Ricchiuti - Needham & Company

Jairam Nathan - Daiwa Capital Markets

Will Jellison - D.A. Davidson

Damian Karas - UBS

Rob Mason - Baird

Operator

Greetings, and welcome to the Cognex Third Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ms. Susan Conway, Senior Director of Investor Relations. Thank you. Please go ahead.

Susan Conway

Thank you. Good evening everyone. Welcome to our third quarter earnings conference call for 2022. Leading today's call are Rob Willett, Cognex's President and CEO; and Paul Todgham, our Chief Financial Officer.

I'd like to remind you that our earnings release and quarterly report on Form 10-Q are available in the Investor Relations section of our website at www.cognex.com/investor. Both contain detailed information about our financial results. During the call, we may use a non-GAAP financial measure if we believe it is useful to investors or if we think it will help them better understand our results or business trends. You can see a reconciliation of certain items from GAAP to non-GAAP in Exhibit 2 of the earnings release.

Any forward-looking statements we made in the earnings release or any that we may make during this call are based upon information we believe to be true as of today. However, things can change, and actual results may differ materially from those projected or anticipated. For a detailed list of risk factors, you should refer to our SEC filings, including our most recent Form 10-K and our Form 10-Q filed tonight for Q3.

Now, I'll turn the call over to Rob.

Rob Willett

Thanks, Sue. Hello, everyone. Thank you for joining us. When we spoke with you in August, we were in the middle of managing two challenges in our business: one, concerned June fire at our primary contract manufacturer and the other related to overcapacity at a few of our large logistics customers.