National Instruments Corporation (NASDAQ:NATI) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET
Company Participants
Marissa Vidaurri - Head, IR
Eric Starkloff - President and CEO
Karen Rapp - CFO
Conference Call Participants
Mehdi Hosseini - SIG
Mark Delaney - Goldman Sachs
Angela Jin - JPMorgan
Rob Mason - Baird
Operator
Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Second Quarter 2022 NATI Earnings Conference Call. [Operator Instructions] Please be advised that today's conference may be recorded.
I would now like to turn the conference over to your speaker host, Marissa Vidaurri, Head of Investor Relations. Please go ahead.
Marissa Vidaurri
Good afternoon. Thank you for joining our Q2 2022 earnings call. I'm joined today by Eric Starkloff, President and Chief Executive Officer; and Karen Rapp, Chief Financial Officer. We will start with an update on our performance in the quarter before opening it up to your questions.
Our discussion today will include forward-looking statements, including, without limitation, those regarding the company's expectations of meeting or exceeding financial targets, its capital allocation, financing and investment plans, the payment of its quarterly dividend and its future business outlook and guidance, including demand for its products, ability to realize revenue from backlog, future results of acquired companies and execution of growth strategy. We wish to caution you that such statements are just predictions and that actual events or results may differ materially and could be negatively impacted by numerous factors. We refer you to the documents that the company files regularly with the Securities and Exchange Commission, including the company's annual report on Form 10-K filed on February 22, 2022. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in our forward-looking statements. We assume no duty to update any forward-looking statements to conform the statement to actual results or changes in our expectations.
A reconciliation of our non-GAAP financial measures disclosed in this call to the most directly comparable GAAP financial measures or related disclosures are contained in our press release and on ni.com/nati. You can find the press release and quarterly presentation to supplement today's discussion on our website at ni.com/nati.
On May 5, we announced the closing of our acquisition of the Test Systems business of Kratzer Automation AG. We believe that this investment, along with others we have made in this space will help accelerate our ability to serve customers in the high-grade area of vehicle electrification. We view this acquisition as a tech in that will contribute to our software technology roadmap and puts us in a leadership position for vehicle electrification test systems.