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8/1/2023
Good afternoon and welcome to Shoals Technologies Group second quarter 2023 earnings conference call. Today's call is being recorded and we have allocated one hour for prepared remarks and Q&A. At this time, I would like to turn the conference over to Megan Peets, Chief Legal Counsel for Shoals Technologies Group. Thank you. You may begin.
Thank you, Operator, and thank you everyone for joining us today. Hosting the call with me are CEO Brandon Moss, President Jeff Tolmar, CFO Dominic Bartos, and VP of Investor Relations, Dhaval Patel. On this call, management will be making projections or other forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. As you listen and consider these comments, you should understand that these statements, including the guidance regarding full year 2023, are not guarantees of performance or results. Actual results could differ materially from our forward-looking statements if any of our assumptions are incorrect or because of other factors. These factors include, among other things, the risk factors described in our filings with the Securities and Exchange Commission, as well as economic and market circumstances, decreased demand for our products, policy and regulatory changes, industry conditions, current macroeconomic events, defects or performance problems in our products or their parts, including those manufactured by third parties and related warranty and product liability claims, supply chain disruptions, and availability and price of our components and materials. Although we may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect, and therefore, there can be no assurance that the results contemplated in the forward-looking statements will be realized. We caution that any forward-looking statement included in this discussion is made as of the date of this discussion and do not undertake any duty to update any forward-looking statements. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's second quarter press release for definitional information and reconciliations of historical non-GAAP measures for the comparable financial measures. With that, let me turn the call over to SHL's new CEO, Brandon Moss.
Thank you very much, Megan, and good afternoon, everyone. I'm excited to join you this afternoon for my first earnings call as Shoal's CEO. I want to thank everyone on the team for being so welcoming, helpful, and open. Prior to taking the position here, I was most recently at Southwire Company. Southwire, as many of you may know, is a global leader in the wire and cable space. My last position there was president of Tools, Components, and Assembled Solutions business. During my tenure, we built an adjacent product strategy into a large business supporting three product platforms with domestic and international manufacturing, as well as a global supply chain. I've always admired Shoals for its innovative and entrepreneurial approach to creating simple solutions and a terrific value proposition. Over the past few weeks here, I have become even more impressed with the company as I have met with the teams. I appreciate the mission-driven culture at Shoals. Our employees have immense dedication to each other, the company, the community, and to enabling the green energy transition. I think you will recognize this in our recently released 2022 ESG report. Before we move on today, I want to take a moment to recognize Jeff Tonar, who has helped guide the organization by serving as interim CEO since March. I look forward to working with Jeff in his role as president. As Scholz moves to its next chapter, I'm honored to lead the company and partner with the extraordinary team whose hard work has delivered fantastic growth. And with that, I'll turn it over to Jeff.
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