Evoqua Water Technologies Corp. (NYSE:AQUA) Q2 2019 Earnings Conference Call Transcript

May 10, 2019 • 10:00 am ET


Evoqua Water Technologies Corp. (NYSE:AQUA) Q2 2019 Earnings Conference Call Transcript


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Good morning, and welcome to the Evoqua Water Technologies Second Quarter 2019 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be opened for your questions following the presentation. After the speakers remarks, there will be a question-and-answer period. (Operator instructions) As a reminder, this conference call is being recorded, and your participation implies consent to our recording of this call. If you do not agree with these terms, please disconnect at this time. Thank you.

I'd now like to turn the call over to Dan Brailer, Vice President of Investor Relations. Please go ahead.

Dan Brailer

Good morning, ladies and gentlemen. Thank you for joining us for Evoqua Water Technologies conference call to review our second quarter 2019 financial results. Joining me on today's call are Ron Keating, President and Chief Executive Officer; and Ben Stas, Executive Vice President and Chief Financial Officer. After our prepared remarks, we will open the call to questions. We ask that you please keep to one question and a follow-up to accommodate as many questions as possible.

This conference call includes forward-looking statements, including our expectations for the quarter ending June 30, 2019, the remainder of fiscal 2019 and fiscal 2020, as well as expected costs and benefits associated with our two-segment realignment. Actual results may differ materially from expectations. For additional information on Evoqua, please refer to the company's SEC filings, including the risk factors described therein and our 10-K for the fiscal year ended September 30, 2018. On this conference call, we will also have a discussion of certain non-GAAP financial measures.

Information required by Regulation G of the Exchange Act with respect to such non-GAAP financial measures is included in the presentation slides for this call, which can be obtained via Evoqua's Investor Relations website. All historical non-GAAP financial results have been reconciled and included in the appendix section of the presentation slides. Unless otherwise specified, references on this call to full-year measures or to a year refer to our fiscal year, which ends on September 30. Means to access this conference call via webcast were disclosed in this press release, which was posted on our corporate website. Replays of this conference call will be archived and available for the next seven days.

With that, I would now like to turn the call over to Ron.

Ron Keating

Thank you, Dan. Good morning. We appreciate your interest in Evoqua, and thank you for joining us for today's call to review our second-quarter results. At the midpoint of our fiscal year, our overall results have materialized largely as expected.

Demand continues to be solid. Our order book is growing, and we expect that to continue through the second half of the year. Operational execution continues to be a priority, and we are focusing the organization on expanding our customer relationships, driving profitable growth and meeting financial expectations. We have enhanced our leadership team, particularly in our Applied Product Technologies segment with the recent addition of Herve