SYM - Symbotic Inc. (SYM) Q2 2024 Earnings Call Transcript
2024-05-06 21:19:09 ET
Symbotic Inc. (SYM)
Q2 2024 Earnings Conference Call
May 06, 2024 5:00 PM ET
Company Participants
Jeff Evanson – Vice President-Investor Relations
Rick Cohen – Founder, Chairman and Chief Executive Officer
Carol Hibbard – Chief Financial Officer
Conference Call Participants
Andy Kaplowitz – Citi
Matt Summerville – D.A. Davidson
Mark Delaney – Goldman Sachs
Nicole DeBlase – Deutsche Bank
Ken Newman – KeyBanc Capital Markets
Greg Palm – Craig-Hallum
Mike Latimore – North Capital Markets
Robert Mason – Baird
Joe Giordano – TD Cowen
Derek Soderberg – Cantor Fitzgerald
Presentation
Operator
Good day and thank you for standing by. Welcome to Symbotic Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentations, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to turn the conference over to your speaker for today Jeff Evanson, Vice President of Investor Relations. Please go ahead.
Jeff Evanson
Thank you, Lisa. As a reminder, some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Forms 10-K and 10-Q, including the risk factors. We undertake no obligation to update any forward-looking statements. In addition, during this call we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings release, which is distributed and available to the public through our Investor Relations website located at ir.symbotic.com.
On today's call, we are joined by Rick Cohen, Symbotic's Founder, Chairman and Chief Executive Officer; and Carol Hibbard, Symbotic's Chief Financial Officer. These executives will discuss our second quarter fiscal 2024 results and our outlook followed by Q&A. Rick?
Rick Cohen
Thank you, Jeff. Good afternoon and thank you for joining us to review our most recent results. Our second quarter reflects solid financial progress. At the same time, we accelerated the pace of innovation significantly during the quarter. We will discuss some of our recent innovations at our Investor Day on May 9. You can sign up for the webcast on the IR page of our website. Key innovations this quarter include advancing our core technologies in artificial intelligence and automation, improving system performance and the customer experience, enhancing safety and accelerating deployment....
Symbotic Inc. (SYM) Q2 2024 Earnings Call Transcript