Otis Worldwide Corporation
Q2 2022 Earnings Call
Jul 27, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the Otis second quarter 2022 earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Michael Rednor, senior vice senior director of investor relations.
Please go ahead.
Michael Rednor -- Senior Director of Investor Relations
Thank you, Michelle. Welcome to Otis' second quarter 2022 earnings conference call. On the call with me today are Judy Marks, Rahul Ghai, and Anurag Maheshwari. Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding restructuring and significant nonrecurring items.
A reconciliation of these measures can be found in the appendix of the webcast. We also remind listeners that the presentation contains forward-looking statements, which are subject to risks and uncertainties. Otis' second SEC filings, including our Form 10-K and quarterly reports on Form 10-Q, provide details on important factors that could cause actual results to differ materially. With that, I'd like to turn the call over to Judy.
Judy Marks -- President and Chief Executive Officer
Thank you, Mike, and thank you, everyone, for joining us. We hope everyone listening is safe and well. I'd like to welcome Anurag Maheshwari in joining us this morning. Anurag is an experienced executive that many of you have worked with in his prior role, leading investor relations at Harris.
More recently, he's been leading our finance team as CFO in the Asia-Pacific region since then. I look forward to my partnership with Anurag in driving growth, operational execution, and value for our customers, colleagues, and shareholders. I want to also take this opportunity to thank Rahul for his leadership and all of his contributions in transitioning Otis to an independent company and in championing our long-term strategy. We wish him well in his future endeavors.
Before I get into the results and outlook, on our Q1 call, we noted our growing concerns about the long-term sustainability of our operations in Russia. At that time, we removed Otis' Russian operations from our 2022 outlook and prior-year compares. Amidst mounting regulations, we concluded that the best solution for our customers, colleagues, and shareholders was to divest this business, and we recently entered into an agreement to do so. Closing of the transaction is expected imminently.