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Vertiv Holdings
10/27/2021
Background noise. Please note that this call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynn Maxeiner, Vice President of Investor Relations.
Great. Thank you, Anthony, and good morning, and welcome to VRTIS' third quarter 2021 earnings conference call. Joining me today are VRTIS Executive Chairman Dave Cody, Chief Executive Officer Rob Johnson, Chief Financial Officer David Fallon, and Chief Strategy and Development Officer Gary Niederprun. Before we begin, I point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of VRTIS. These forward-looking statements are subject to material risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release, and you can learn more about these risks in our registration statement, our annual report on Form 10-K, and other filings with the SEC. Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. On this call, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in our earnings press release and in the investor slide deck found on our website at investors.birded.com. With that, I'll turn the call over to Executive Chairman Dave Cody.
Good morning, everyone. The current environment we're operating in is certainly a challenging one. I can't remember a time analogous to it. You can see from the press that demand remains strong in almost every end market, and ours is very strong, especially with our new product initiatives. In the short term, we have to continue to fight the battles for component parts to support our customers. And we need to get ahead of the price inflation curve that Rob will tell you more about. While this is a painful and an irritating time to deal with, it is what it is. And I can assure you, we will come out of this admirably, especially given our investments in the long term. We're obviously interested about the ENI acquisition, which we will do very well with. Gary and I were down in the ENI facility in South Carolina a few weeks ago with Phil, brainstorming and reviewing the cost and revenue synergies we know we can create over the next several years. In addition to the synergy review, we discussed the investments we can make in further products and services, process improvements, people, and systems that will pay dividends over the medium and long term. There is a lot happening in the business that portends a superb future. So while we continue planning and executing for the future, we recognize we also got to get to the current situation and do everything we can to continue supporting our customers, which we will do. So with that, I'll turn the call over to Rob. Rob?
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