Garrett Motion Inc. (NASDAQ:GTX) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET
Company Participants
Paul Blalock – Vice President, Investor Relations
Olivier Rabiller – President and Chief Executive Officer
Sean Deason – Senior Vice President and Chief Financial Officer
Conference Call Participants
Brian Sponheimer – Gabelli Funds
Chris McIntyre – McIntyre Partnerships
Hamed Khorsand – BWS Financial
Operator
Hello, my name is Michelle Fleischer and I’ll be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call. This call is being recorded and the replay will be available later today. After the company’s presentation, there will be a Q&A session.
I would now like to hand over the call to Paul Blalock, Garrett’s Vice President of Investor Relations.
Paul Blalock
Thank you, Michelle. Good day, everyone, and welcome. Thank you for joining the Garrett Motion’s Second Quarter 2022 Financial Results Conference Call. Before we begin, I’d like to mention that today’s presentation and earnings release are available on the Garrett Motion website at garrettmotion.com, where you will also find links to our SEC filings along with other important information about our company.
Turning to Slide 2. We note that this presentation contains forward-looking statements within the meaning of the Securities and Exchange Act. We encourage you to read the risk factors contained in our filings with the SEC, become aware of the risks and uncertainties in our business and understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent management’s expectations only as of today, and the company disclaims any obligation to update them.
Today’s presentation also includes non-GAAP measures to describe the way in which we manage and operate our business. We reconcile each of these measures to the most directly comparable GAAP measure and you’re encouraged to examine those reconciliations, which are found in the appendix to both the press release and the slide presentation. Also in today’s presentation and comments, we may refer to light vehicle diesel and light vehicle gasoline products by using the terms diesel and gasoline only.
With us today is Olivier Rabiller, Garrett’s President and Chief Executive Officer; and Sean Deason, Garrett’s Senior Vice President and Chief Financial Officer.
I will now hand it over to Olivier.
Olivier Rabiller
Thanks, Paul, and welcome everyone to Garrett’s second quarter 2022 conference call. I will begin my remarks on Slide 3, where we start with highlights for the quarter. During Q2, we continued to experience the impact of the China COVID lockdown that ultimately began to ease mid-quarter. I want to thank again our employees in China and specifically in Shanghai, where we were able to maintain productions through great personal sacrifice during the lockdown period.