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SPX Technologies, Inc.
2/23/2022
Thank you for standing by, and welcome to XPX Corporation's fourth quarter earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. Should you require any further assistance, please press star 0. I would now like to hand the call over to your host, Paul Clegg, VP of Investor Relations.
Thank you, Operator, and good afternoon, everyone.
Thanks for joining us. With me on the call today are Gene Lowe, our President and Chief Executive Officer, and Jamie Harris, our Chief Financial Officer. A press release containing our fourth quarter and full year 2020 results, 2021 results, was issued today after market close. You can find the release in our earnings slide presentation, as well as a link to a live webcast of this call in the investor relations section of our website at spx.com. I encourage you to review our disclosure and discussion of GAAP results in the press release and to follow along with the slide presentation during our prepared remarks. A replay of the webcast will be available on our website until March 2nd. As a reminder, portions of our presentation and comments are forward-looking and subject to safe harbor provisions. Please also note the risk factors in our most recent SEC filings, including our disclosures related to the COVID-19 pandemic. Our comments today will largely focus on adjusted financial results. You can find detailed reconciliations of historical adjusted figures to their respective gap measures in the appendix to today's presentation. As noted in our press release, our South African operations are now being accounted for as discontinued operation for all periods presented and are no longer part of our non-GAAP adjustments. As such, our other segment has been eliminated, bringing our GAAP reporting framework to two segments from three previously. Our adjusted results exclude non-service pension items, amortization expense, investment gains, certain discrete tax items, acquisition-related items adjusted for certain legacy liability charges, and certain other non-recurring items. Finally, we will be conducting virtual meetings with investors over the coming weeks, including at Sedoti's Spring Virtual Small Cap Conference in March. And with that, I'll turn the call over to Dean.
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