Mercury Systems, Inc. (NASDAQ:MRCY) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET

Company Participants

Mark Aslett - President & Chief Executive Officer

Michael Ruppert - Executive Vice President, Chief Financial Officer & Treasurer

Conference Call Participants

Peter Arment - Baird

Seth Seifman - JPMorgan

Ken Herbert - RBC

Jonathan Ho - William Blair

Sheila Kahyaoglu - Jefferies

Michael Ciarmoli - Truist Securities

Austin Moeller - Canaccord

Noah Poponak - Goldman Sachs

Operator

Good day, everyone and welcome to the Mercury Systems Second Quarter Fiscal 2023 Conference Call. Today's call is being recorded.

At this time, for opening remarks and introductions, I’d like to turn the call over to the company’s Executive Vice President and Chief Financial Officer, Mike Ruppert. Please go ahead, sir.

Michael Ruppert

Good afternoon and thank you for joining us. I hope you had a chance to review the press release we issued earlier this afternoon. If not you can find them on our website at mrcy.com The slide presentation that Mark and I will be referring to is posted on the Investor Relations section of the website under Events and Presentations. With me today is our President and Chief Executive Officer, Mark Aslett. I'm also very pleased to welcome Michelle McCarthy to the call. Serving as Mercury's Senior Vice President and Chief accounting officer for the past five years, Michelle has been an active and valuable member of our leadership team. I'm looking forward to working closely with Michelle in her new position as Interim Chief Financial Officer to ensure a seamless transition prior to my departure in February.

Turning to Slide 2 in the presentation. I would like to remind you that today's presentation includes forward-looking statements, including information regarding Mercury's financial outlook, future plans, objectives, business prospects and anticipated financial performance. These forward-looking statements are subject to future risks and uncertainties that could cause our actual results or performance to differ materially. All forward-looking statements should be considered in conjunction with the cautionary statements on Slide 2, in the earnings press release and the risk factors included in Mercury's SEC filings.

I'd also like to mention that in addition to reporting financial results in accordance with generally accepted accounting principles or GAAP, during our call, we will also discuss several non-GAAP financial measures, specifically adjusted income, adjusted earnings per share, adjusted EBITDA, free cash flow, organic revenue and acquired revenue. A reconciliation of these non-GAAP metrics is included as an appendix to today's slide presentation and in the earnings press release.