Agiliti, Inc. (NYSE:AGTI) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET

Company Participants

Kate Kaiser - IR

Tom Leonard - CEO

Jim Pekarek - CFO

Conference Call Participants

Jason Cassorla - Citi

Nur Robleh - Jefferies

Nabil Gutierrez - Bank of America

Operator

Good afternoon, and welcome to Agiliti Third Quarter 2023 Earnings Conference Call. Today's call is being recorded and we have allocated 1 hour for prepared remarks and Q&A. At this time, I would like to turn the conference over to Kate Kaiser, Senior Vice President of Corporate Communications and Investor Relations at Agiliti. Thank you. You may begin.

Kate Kaiser

Thank you, and hello, everyone. We appreciate today's call as we provide an overview of Agiliti's results for the quarter ending September 30, 2023. Before we begin, I'll remind you that during today's call, we'll be making statements that are forward looking and consequently are subject to risks and uncertainties. Certain factors may affect us in the future and could cause actual results to differ materially from those expressed in these forward-looking statements.

Specific risk factors are detailed in our press release and in our most recent SEC filings, which can be found in the Investors section of our corporate website at agilitihealth.com. We will also be referring to certain measures that are not calculated and presented in accordance with generally accepted accounting principles during this call. You can find a reconciliation of those measures to the most directly comparable GAAP measures on the description of why we use these measures in our press release. To download a copy of the presentation that we will use to facilitate today's discussion, please visit our website at agilitihealth.com, select the Investors section at the top of the screen and in Events and Presentation. Finally, select a presentation titled Agiliti Q3 2023 Earnings Slides.

A final note before we begin our prepared remarks. On October 2, 2023, Agiliti announced that Tom Leonard would rejoin the company as its Chief Executive Officer effective immediately. Mr. Leonard previously served as CEO of Agiliti beginning in April of 2015 until announcing his retirement in January of this year. I will now turn the call over to our CEO, Tom Leonard.

Tom Leonard

Thank you, Kate, and good afternoon. It's great to be back at Agiliti. I'd like to begin today with some brief reflections that we joining the company and our path forward. Over the first few weeks, my focus has been on reconnecting with our teams across the company and doing a deep dive into our solutions and operating systems, seeking a clear understanding of our performance, obstacles and opportunities. What gives me confidence as I reenter the business is that we don't need to look outside for near-term growth opportunities and no part of our business faces a structural hurdle that impacts its long-term potential.