Azenta, Inc. (NASDAQ:AZTA) Q2 2022 Earnings Conference Call May 9, 2022 4:30 PM ET

Company Participants

Sara Silverman - Director, Investor Relations

Steve Schwartz - President & Chief Executive Officer

Lindon Robertson - Executive Vice President & Chief Financial Officer

Conference Call Participants

Vijay Kumar - Evercore ISI

Paul Knight - KeyBanc

Jacob Johnson - Stephens

Joseph Conway - Needham

Yuan Zhi - B. Riley Securities

Operator

Greetings, and welcome to the Azenta Q2 2022 Financial Results. During the presentation, all participants will be in listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded, Monday, May 9th, 2022.

I will now turn the conference over to Sara Silverman, Director of Investor Relations. Please go ahead.

Sara Silverman

Thank you, operator, and good afternoon to everyone on the line today. We would like to welcome you to our earnings conference call for the second quarter of fiscal year 2022. Our second quarter earnings press release was issued after the close of the market today and is available on our Investor Relations website located at investors.azenta.com in addition to the supplementary PowerPoint slides that will be used during the prepared remarks today.

Please note that due to the divestiture announced in the fiscal fourth quarter of 2021, the results of the semiconductor automation business are treated as discontinued operations. On February 1st, we completed the sale of this business, and therefore, our second quarter results include 1 month of performance of this business.

I would like to remind everyone that during the course of the call, we will be making a number of forward-looking statements within the meaning of the Private Litigation Securities Act of 1995. There are many factors that may cause actual financial results or other events to differ from those identified in such forward-looking statements.

I would refer you to the section of our earnings release titled Safe Harbor Statement, the Safe Harbor slide on the aforementioned PowerPoint presentation on our website and our various filings with the SEC, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We make no obligation to update these statements if future financial data or events occur that differ from the forward-looking statements presented today.

We may refer to a number of non-GAAP financial measures, which are used in addition to, and in conjunction, with results presented in accordance with GAAP. We believe the non-GAAP measures provide an additional way of viewing aspects of our operations and performance. But when considered with GAAP financial results and the reconciliation of GAAP measures, they provide an even more complete understanding of the Azenta business. Non-GAAP measures should not be relied upon to the exclusion of the GAAP measures themselves.