This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.
8/3/2022
Good morning. Thank you for attending today's Mayville Engineering Company second quarter 2022 earnings conference call. My name is Frances and I'll be your moderator today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. I would now like to pass the conference over to our host, Nathan Elwell, Investor Relations.
Thank you, Francis. Welcome everyone, and thank you for joining us on today's call. A few quick items before we begin. First, please note that some of the information you will hear during this call will consist of forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended. Such statements express our expectations, anticipations, beliefs, estimates, intentions, plans, and thoughts. All these forward-looking statements involve risks, assumptions, and uncertainties. Our actual results could differ materially from those in the forward-looking statements. For more information regarding such risks and uncertainties, please see our filings with the Securities and Exchange Commission, including our filing on Form 10-K for the period ended December 31, 2021. We assume no obligation and do not intend to update any such forward-looking statements except as required by Federal Securities and Reconciliation of these measures to the closest cap financial measure is included in the earnings press release, which is available at MECinc.com. Joining me on the call today are Jag Reddy, President and Chief Executive Officer, Todd Butts, Chief Financial Officer, and Ryan Raver, EBP of Strategy, Sales, and Marketing. Jag will begin with his opening remarks, followed by Ryan discussing the company's Then Todd will review our financial results and guidance. With that, I'll hand the call over to Jack. Please go ahead.
Thank you, Nathan, and good morning, everyone. I have been in my role for two weeks now, and my excitement on joining the company just continues to grow. There are many reasons I am so excited to be here. Let me share just a few. MECC has built a strong business and legacy over 77 years. We are the undisputed industry leader with highly skilled people and great assets. Macroeconomic trends such as reshoring and outsourcing by major OEMs are in our favor. With our differentiated offerings and footprint, we are uniquely positioned to deliver significant value for our customers and our competitive advantages continue to grow. But really, My first priority is to listen and learn. I will be visiting as many of our locations as possible in the coming months to meet the teams and understand what is working well and what needs improvement. I will be meeting with our customers and partners to see what more we could do to help them achieve their goals. I want to build upon our customer-first mindset with a renewed focus on innovation. I am confident in our ability to be nimble, grow profitably, and continue to expand both our customer base and offerings. My initial focus will be on accelerating our use of innovation, technology, and lean manufacturing initiatives to help drive profitable growth. With that said, I want to congratulate the team on another impressive performance this quarter and I am pleased to report that our outlook for the rest of the year remains positive. Now, I would like to turn the call over to Ryan Raber to discuss our end markets and new business outlook.
You're reading a preview of the MEC Q2 2022 earnings call.
Free account.
