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7/29/2022
Greetings. Welcome to Merion Technologies Incorporated Fiscal Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I would now like to turn the conference over to Alex Gatti, Vice President of Finance and Investor Relations. Thank you. You may begin.
Good morning, everyone, and thank you for joining Miriam's second quarter 2022 earnings call. A reminder that comments made during this presentation will include forward-looking statements, and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in our annual report on Form 10-K and quarterly reports on Form 10-Q that we filed from time to time with the SEC under the caption risk factors and in myriad other filings with the SEC. Quarterly references within today's discussion are related to the second quarter ended June 30, 2022. The comments made during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the appendix of this presentation accompanying the call today. All earnings materials can be found on Merion's IR website at ir.merion.com. Joining me on the call today are Larry Kingsley, Chairman of the Board, Tom Logan, Chief Executive Officer, and Brian Shopper, Chief Financial Officer. Now, I will turn it over to our Chairman of the Board, Larry Kingsley. Larry?
Thank you, Alex. Good morning, everyone. We're grateful for your continued support of Merion and look forward to discussing our results and outlook with you this morning. Earlier today, we published our earnings results for the second quarter of 2022 and reaffirmed our guidance for the full year. To get started, I'd like to commend the Merion team on delivering another quarter of solid results in what continues to be a dynamic operating environment. As we previewed a few months ago, the supply chain remained a focal point in the second quarter. Overall, the condition of our supply chain has shown signs of improvements, but continues to be a very dynamic situation. That situation has been further aggravated by a short-term revenue mix shift as a result of canceled Russian and Eastern European content. Tom and Brian will update you on the specifics, but again, the team is managing well given the situation. The order inflow during the quarter was very robust across most of the business and indicative of strong market positions in both of our operating segments. That strong order performance paired with the overall supportive macro trends across our end markets bolsters both our near and medium-term revenue projections. we remain confident that we will deliver on our second-half expectations. While the macroeconomic environment will provide many with significant headwinds for the back half of this year and for fiscal 23, Tom and I remain resolute in our belief that looking forward, we have the best market environment for our combination of products of any recent period. And that, coupled with the team's ability to deliver the results, ensures our confidence in a very healthy growth outlook. I'll now turn the call over to Marion's CEO, Tom Logan. Tom?
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