Advanced Energy Industries, Inc. (NASDAQ:AEIS) Q2 2022 Results Earnings Conference Call August 4, 2022 4:30 AM ET

Company Participants

Edwin Mok - Vice President of Strategic Marketing and Investor Relations

Stephen Kelley - President and Chief Executive Officer

Paul Oldham - Executive Vice President and Chief Financial Officer

Conference Call Participants

Scott Graham - Loop Capital Markets

Krish Sankar - Cowen and Company

Amanda Scarnati - Citi Investment Research

Quinn Bolton - Needham & Co.

Steve Barger - KeyBanc Capital Markets

Hans Chung - D.A. Davidson

Patrick Ho - Stifel

Paretosh Misra - Berenberg Capital Markets

Operator

Greetings and welcome to the Advanced Energy Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A brief 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, Edwin Mok, VP of Strategic Marketing and IR. Thank you. You may begin.

Edwin Mok

Thank you, operator. Good afternoon, everyone. Welcome to Advanced Energy's second quarter 2022 earnings conference call. With me today are Steve Kelley, our President and CEO, and Paul Oldham, our Executive Vice President and CFO.

Before I begin, I'd like to mention that we will be participating at several investor conferences in the coming months.

If you have not seen our earnings press release and presentation, you can find it on our website at ir.advancedenergy.com.

Let me remind you that today's call contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially and are not guarantees of future performance. Information concerning these risks can be found in our SEC filings.

All forward-looking statements are based on management's estimates as of today, August 3, 2022, and the company assume no obligation to update them. Medium-term targets and long-term aspirational goals presented today should not be interpreted as guidance.

On today's call, our financial results are presented on a non-GAAP financial basis, unless otherwise specified. Excluded from non-GAAP results are stock compensation, amortization, acquisition-related costs, restructuring expenses and unrealized foreign exchange gains or losses. A detailed reconciliation between GAAP and non-GAAP measures can be found in today's press release.

With that, let me pass the call to our President and CEO, Steve Kelley.

Stephen Kelley

Thanks, Edwin. Hello, everyone, and thanks for joining the call. Second quarter revenue and earnings per share surpassed our expectations largely due to improved supply of key components and good execution by our operations team.