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Yunhong CTI Ltd. (CTIB) Q2 2023 Earnings Call Transcript

Aug. 06, 2023 11:49 AM ETYunhong Green CTI Ltd. (YHGJ)
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Yunhong CTI Ltd. (CTIB) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET

Company Participants

Frank Cesario - Chief Executive Officer & Chief Financial Officer

Jana Schwan - Chief Operating Officer

Conference Call Participants


Good day and welcome to the Yunhong CTI Second Quarter and Year-to-Date 2023 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, August 3, 2023.

The earnings press release accompanying this conference call was issued last night. On the call today is Yunhong CTI's Chief Executive Officer, Frank Cesario, as well as Chief Operating Officer, Jana Schwan. Before we begin, we want to note that we should read the forward-looking statements in the company's earnings press release. During today's call, management will make certain predictive statements that reflect its current views about future performance and financial results. The company bases these statements and certain assumptions and expectations on future events that are subject to risks and uncertainties. The company's Form 10-K for the year ended December 31, 2022, list some of the most important risk factors that could cause actual results to differ from its predictions. Please also note that the company's earnings press release makes reference to adjusted EBITDA, a non-GAAP financial measure. The company views adjusted EBITDA as an operating performance measure and as such, the company believes that the GAAP financial measures most directly comparable to it is net income or loss. For further information, please refer to the earnings press release and the company's periodic filings with the Securities and Exchange Commission.

At this time, I'd like to turn the call over to Frank Cesario, Chief Executive Officer of Yunhong CTI. Sir, please go ahead.

Frank Cesario

Thank you, Matthew. Good morning and thank you for everyone joining us on our call today. We'll review the numbers in a bit

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