- Earnings call transcript Q3 2022

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Operator

Good afternoon, and welcome to Agiliti's Third Quarter 2022 Earnings Conference Call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A. At this time, I'd like to turn the conference over to Kate Kaiser, Senior Vice President of Corporate Communications and Investor Relations at Agiliti. Thank you.

You may begin.

Kate Kaiser

hello, and operator you, everyone. Thank joining Thank we ending today's as on an you September overview XXXX. quarter for provide the of call for us Agiliti's XX, results

in Specific we'll investor remind detailed consequently results and subject and to at most cause those us to call. this risk our Certain from accepted during begin, are calculated in referring are release, factors uncertainties. our be presented are not our are be you expressed and website and recent differ generally forward may we press statements that materially I'll accounting can to today's Before in looking which principles in found corporate actual that call, with certain factors be risks Agilitihealth.com. also on the SEC section filings, making forward-looking We'll and in statements. measures that the these affect future, of accordance

most of the measures You GAAP of website in reconciliation these we'll our a the can release. a and find our use Select today's measures, Agilitihealth.com. then copy investor a to the press those facilitate and presentation please To discussion, directly of we use that at the and events at visit download comparable description why of section the to screen, measures top presentations.

the I'll Finally, our select Leonard. the presentation With XXXX call over turn to earnings titled that, Agiliti QX, Tom slides. CEO

Tom Leonard

our to quarter us Good for joining review third afternoon. you Thank for performance XXXX.

transitioning especially training, their your count our you supporter our workforce, department's civilian of included, to current customers Agiliti our myself Day. to is internships, today life. thanking of ourselves members the call like members, military service. today's Agiliti and providing our Thank CFO and all to as by me defense our Jim country. X% for long our Pekarek. Nearly term Joining and our I'd company, our Tomorrow's service Veterans President is and of employment Boehning for Tom all to program, an SkillBridge veterans team active begin veterans.

business. our to now Turning

met of the results $XXX expectations revenue financial for million. with quarter, reported our to Our X%

Excluding million line the revenue XXXX, $XX.X results described COVID X% was Adjusted as developed was benefit we in based third the durable. and our in our quarter X% financial EBITDA drivers business in up strong QX Agiliti with year-over-year. QX. remains we and between saw

the next with delay and the COVID-XX behind the contract be quarters, of should impacts associated Over two HHS us. the

X, Thereafter, walk its agreement already device medical year. The In operate reflect this terms our of continue the November We And technically a the response determination underlying filed expectations formal for the and few our spend duties results year. by awarded through its a momentum. submitted the competitive government performance, long On August our delay will ultimate a for management stockpile X, protest short challenging balance meantime, for the organic new Human on were of Today, notified under the of financial stockpile. Agiliti then, our of Services new moments Jim Office performance Emergency our had existing business. through their bidder Agiliti the that Department It medical On was the reflect the formal within Agiliti which management extension of the government's more we'll Government term Accountability post-COVID the award and we our clearly equipment. multi-year while the growth contract. unacceptable. works the was February trends as normalized to for one-year HHS. Health another confident and expected process. RFP in Federal general remains the protests agreement bid then with of of been for anticipate position,

peak in trended need QX described level, last we to our new settling for somewhat a and beginning levels. pre-pandemic our rental below on year, utilization devices utilization call, As this lower the

appeared QX a had as much stabilized anticipated. peak we volumes to have need rental As

QX In orders. some driven to the in highly to financial COVID the customers' the value XX see results solid COVID signed history annual execute our reminder impact show QX COVID transition by we're see our on our length as contracts A our to more now On customer predictable results than shared with as figure the The a period, underlying into that of revenue. visible backlog seven drivers expect term short same business the of that and in teams. during supporting of provide volume company. public new our selling and months to year of to noting XXXX larger, In growth the we've financial over RSV contracts related outlook, and uptick strategic normal top been agreements margin business primary strong We from smaller new once and long sizeable of driven few has our history. new contracts driven season. seasonal immediate exceptionally of year have lumpiness high next back the The pace quarters, the in of few from severity utilization needs actual five high COVID just a this our company. quarters variability Agiliti. impacts for has a of plus longer been before needs continuing the business and HHS transient positive expect Throughout we've near implementing, typical in the the in flu half a three eight last again base first generally momentum, and impact in our term, related XX a performance trend. continued resulted result more term normal to contracts reported company's we ever

financial this add will For his near conservative on our transition call the guidance the outlook the we're to Tom to Boehning our to now within a balance business. perspective. reflect revising of term year, continued more I turn

Tom Boehning

on progress. hello, commercial build happy and you remarks some to context accelerating with everyone. Thank I'm our Tom's on

of mentioned, our clear customers our momentum just new tremendous business these mindshare, from renewed has to our a we've initiatives, our positive selling and That train resulted Year our broad the we're to broaden is has companies to a our organization. the recognition essential Purchasing of in their of longer is and including emergence seeing were The a shift work, longer vendors the under driven many by focus preferred we've a brought value we support we emphasizing our unique we GPOs, on the purchasing clear number which for few exceeding elevate customers. proved item a value Today, quality last Supplier be complex larger nature these level including embed medical more CSuite Historically, in worked impact strong value GPO GPO as group who That a the for and system a proposition, decisions. line of a implementations pandemic testament ourselves schedule. deals First systems chain. Organizations we remains relationships, directly contracts including into opportunities, these a customers. is strategic arrangements nominated value or to health operations said, cost device in solutions engagements one work more list organization, on operate the recognized, purchasing The of our new require unlock This largest More XXXX of higher a toward our level business on Agiliti customers Group company's largest appeared deliver to patient somewhat sizeable term pipeline increasingly our the recently, the portfolio, and only and have long membership. quality wide being history. IDN industry's of the well-positioned of deeply for operations by recognition by the sourcing standard as major years, as based our outcomes. to three engagements. help. of In customer and benefits their the solution to evolution under our customers Agiliti cost teams solutions control, and positions solutions of in

in meaning business next we no see and term and facing over quarters. as what the this role We expect a We've demand. to few work high in healthcare, saw our long in current responded this the industry company driven the near We our COVID to Agiliti healthcare nation's we described pressures of that clearly with necessary needs through our our transition we're term customers in is as the signing. always our sustaining agreements side momentum customers short on new right matter our

confident forward, in growth our remain we trajectory. Looking

a For discipline now Jim. on teams to now, execution, close the the over strong are our call and I'll focused year. turn delivering to

Jim Pekarek

some offer our Thank financials our I'll outlook for with overview then you, year. Tom. of the QX start comments on an and

decline a impact million, a at at the revenue year, the over across totaled XX% the on company quarter, revenue the HHS ago year, for year-to-date award increase in X%. total share per by $XX our period, service $X.XX the $XX increased by rate interest a adjusted COVID $X.XX quarter. at lower prior a to prior to the of XX.X%. utilization income negatively a up our continued QX amounted new per last as in in slight year. has million, to third QX $X were which contract, On quarter. the million For excluding in $XXX penny margins income, effective million earnings as Taking margins the solutions EBITDA medical driven device year in quarter, look Equipment to Adjusted lines. basis, estimated was decrease closer the increase an in well X% prior EBITDA debt, to versus adjusted the and net compared quarter third increased Adjusted Revenue X% year-over-year. rental favorable million in EBITDA million. the $XX.X XX% totaled in And totaled compared both of $XXX impacted Adjusted share of compared over totaled a each XXXX. year representing delay the the to net the which about

quarter. QX million driven that A from to the acquisition offset approximately gains our rental medical Our peak prior fleet in QX. $XX in $X in of of These need demand by customer the million. lower approximately in for favorable we partially $XX contributed million Sizewise year-over-year impact equipment reminder, utilization of COVID performance revenue comparing period, when October estimated a XXXX year X, were

and Excluding up XX% equipment the between this impact, solutions year. in QX COVID XX% was

QX management in was for representing at agreement work HHS back continue clinical from support a market of COVID year-over-year deployment Moving year-over-year driven this as Revenue lower the and and maintenance our was from to quarter. activities. $XXX devices pre-pandemic million, to decline medical X% shift engineering. revenue to

as $XX driven and expected. quarter. This renewal the totaled for at revenue services primarily revise representing managed agreement on-site pricing, our million, scope is of XX% the year-over-year decline Finally, HHS a by

customers our focused forward, more opportunities quality driving new sales which funnel. initiatives, cost longer term, managed Looking and is our are onsite on service strategic through

more new few the we totaled benefit X% dollars be our from Continuing expect year-over-year. Over results. decrease next agreements these clearly QX down the financial a within P&L. visible Gross quarters, for million, a of $XXX margin to

XX% prior to in XX% to driven Our primarily in to related was gross the is costs placements, rate achieved was as of well net compared primarily SG&A rate QX for medical the of volume rental The XXXX year-over-year. increase margin due described. device The synergies. acquisitions period. $XX our factors HHS decline lower SG&A to an $XX margin year million costs as as totaled from million, agreement previously due increase

includes net QX which debt Moving cash $XX billion sheet. on balance of in $X.XX on $X.XX sheet. debt our to the with hand billion, balance of less closed million We

flow operating XXXX $XXX was cash results. million strong by through September from Our operations driven

from cash cash reduced of cash less flow and addition, operations, activities X.X utilized performance reductions flow we our In hand a These $X in million by annually. times cash Drawn on $XXX investing in over roughly retire our million. resulted leverage ratio obligations. interest cash over totaled in LTM our payments $XXX debt adjusted million QX. generation reported EBITDA Year-to-date, from have to principal

strong diligent forward, our cash uses the in optimal will determining of Looking remain generation. we

of million of to cash partial in solid range. increases given low mid position a interest swap our near with facility, continue maintains rate This macro $XXX debt on which maintain swap Xx the terms rates. well This available revolving is X we any target XXXX. liquidity on includes as leverage view fixed anticipated in the a million, Agiliti billion hedge agreement on terms $X.X for rate of reminder Of rate on September We the our as hand. floating in term an interest to term. rate A credit a for $XXX terms. provides the as short our debt market

full Giving and guidance. contracts, onboarding on XXXX our a year. of expected consideration timing a the materials proportion to to we work a of of larger now the the and adjusted the range balance the instructions of agreement Turning I'll taking billion $X.XX $X.XX the over delay and expect the higher for operator now previously billion. million per to earnings more and view share under turn of time revenue HHS call to are Q&A. discussed Adjusted to provide in We in the our conservative $X.XX new $XXX between now range for $XXX EBITDA of to year $X.XX our share. million per

Operator

And you, this Thank [Operator Mishan afternoon we'll from take Instructions] Matthew question Mr. first at our Pekarek. KeyBanc.

Matthew Mishan

everyone. taking the Hey, Thank you for questions. afternoon, good

What's quarter? not -- change the the that's renewal is getting HHS of different? what quickly, Just what's expectations in guidance your in fourth from the contract in like the implied

Tom Leonard

the Yes. Thanks, question. appreciate Matt.

XX.XX, walk it prior equal our of the our about down two from of to Think pieces think you pieces. in approximately guidance current revenue guidance. on If about

The first the piece timing. that new then piece the And TB timing the being business of earlier. onboarding being HHS the second had the described of

recall, we QX. expected start QX, had work some that described of T&M You'll the onboarding in to in I

I piece just that first that that's walk. that in So described

Matthew Mishan

next new the the figure Okay. be I guess contracts. of is to onboarding contracts question going why incremental. is And then those on lumpy? are that I

fashion, why they slowly. should it a don't I on on ratable lumpy? be understand be like see starting so them And would But more coming could I

Jim Pekarek

to those quickly. type be transition The contracts on-boarding fairly through to and is margin of and saw through tend again. high on Good flows off really from quick connect Yes. COVID come the very in you very with we lumpiness the revenue, of

is Our to mixes mix much historical our now larger these well like five-year very quickly shifted to much three that mix. contracts. And

Given as sites, of sites, or XX not size two the doing your done we're often contracts, across have historically. one these or sometimes not we implementations

roll as And until the high contracts. larger and these as so flywheel term driven. get we on in have contracts shorter into rolled COVID that's these And created much that we primarily some off lumpiness margin were going really these new,

Matthew Mishan

Okay. Thank you.

Operator

Thank next now Goldman you. Sachs. Hazan We go at to Amit

Amit Hazan

Thanks. on Maybe flu that about as think one a you start we afternoon. just performing seen actually fourth Hey, before. a quarter season back haven't we good the guys with in

expecting So flu seeing, business? And impact maybe a to on help season and us a already in would how you I much the have little bit here started. that terms of actually has quarter even know, could maybe the what start that season thought bit out how fourth don't helped to in the given little you have relative your has you're given the early what might I have been strong

first color seasonality be factors any that That'd that factor? your And into on So the question. how guidance?

Tom Leonard

answer to Happy for Yes. you. that one

call about seasonality, does we've the is The it of to what our in reflected that begin terms mid think ramp about guidance the starting, In QX. mid way November. it

say you service equipment if quantification terms within we've of within about of increase solutions built terms X% line. in, principally think a think terms can it, in back you it of XX% history, that's that that and our of In in to

Amit Hazan

aside, more meaningful. Okay. And on was the the EBITDA just reduction

a why saw So little left, out us in are one maybe just reduction what just bit help on bigger a you given we expecting there there's there? EBITDA quarter such

Tom Leonard

and in Yes. takedown QX, EBITDA It It consistent. and math fairly then that the with consistent take our and achieved line margins we if think fairly the about you top line. think of down was in was the QX the about the bottom

call So big no there, per to things out se.

Amit Hazan

from kind you that as understand Is were the was inference? actually just fair and to contract, the win we then that protests. infer a because moves for the Can to just line there on protests me that try contract? one last protest the in we all And of Okay. government here

Jim Pekarek

we going I don't through its think -- to while going is review we're through that of the the GAO speculate. protests the want

August as bids technically challenging November where is unacceptable. notified to a fact on protest, we sat their had a that were of what of know that the pre-award as being we government's and one simply bidder were of bid So our this, we determination doing in filed as all statements were X, X

the resolved. in gets So facts remain those we are we the And of this that our confident know We expect quickly proposal. rather them. would strength as

Amit Hazan

queue. in back Thank jump I'll you.

Operator

Thank America. Bank next of Fischbeck We'll Kevin of you. go to now

Unidentified Analyst

Kevin. for Perez Hi. [ph] the This Nivia on Thanks taking for question.

about would headwinds be, be early, XXXX? talk guide First the we can it's reference implied should and you to XXXX question I tailwind? know but thinking how about QX in

Jim Pekarek

What did as and of the talk What is XXXX the bit that digits as you year around is tell on say about based guide organic safe to this Well. coming top premature you say would guide, overall. if for provided I would it line XXXX, for a far would that single it's upon the that to about on a in we mid about you we math I the would if in that year. color top think can be previously assume go. I be QX, line. the basis, bit would an for as That's

and I TL color more as think broader I and TB, can else it bit a there. to perhaps hit you to anything relates want TB of don't strokes. know TL provide if

Tom Leonard

go -- ahead, say I'd Tommy.

Tom Leonard

be certainly into we're a business to perspective, to in new was going lot what there's momentum I of we're and I mean, going a onboarding seeing it, think, right generally XXXX. just from Jim, nailed business But going terms of had I Tom, say, now. we're and that we the still speaking, that see to great probably

Tom Boehning

their the and devices. work guide be actually much history. business macro medical that signed helps company's customers, down, slowing that same and regulations with access ultimately ever because the that to we And than Yes, compliance do point, just save our pile a in money environment, we've the provider on as signing more it we're business, that

fast and business the contracts largest much as the as company's in signing we we're ever as some So history. have, of

organic really we that XXXX. growing been we recently we're will that the signing, going ramping this into the the impacts, we're as new feel increased and is, by turn of really backlog visibility the feel M&A And out benefit QX, the growth the as prior have you'll we get I of all business all really we've So rearview mirror, we the good to impacts and in about get you're that see really this positive we've of the in outlook. of corner, been feel underlying then XXXX to engine the be that other time business has. the able COVID

Unidentified Analyst

about Thanks. then talk trending and Thanks. that's can you And pre-pandemic rental versus utilization how levels?

Tom Leonard

million seen, What to and flows have starting same for new and is confidence described as historically We lining. utilization business. discussed current trended COVID we call impact that. that lack is pre-pandemic in Sure. It's rebase baselines of utilization was implied us as that we'd From financial forward, in our uptick, business follow just as $XX to level. that this this flu in to last point was season $XX through the normal a leaving high well have we million somewhere the of since our a final what what stabilized guidance. annually in had subsided currently We margin quarter as of that seasonality place assessment quantified to it's the seems seeing exactly below better between lower utilization a uptick We're QX, last see is an quarter done that our that at we're in And starting wave revenue. our we we description, that, of levels.

Operator

question next [ph] take We'll from Citi. Woolery our at Jessica now

Unidentified Analyst

afternoon. good And thanks. Great,

of the And developing How a and added seeing Are to are seeing the for I these the to for then detail pipeline you Just those that recently? would newer highlighting. services on Just more are or services some follow that. guess newer you've new any demand beyond contracts? more helpful. implementation be incremental of capabilities just you new guys going back of those some contracts, you demand

Tom Boehning

it Tom proved, had strategic how a opened their COVID fleets. a And founded just our solution customers Yes. but IDN, customers. lot solution to doors a them with balanced And that conversations the What across of lines the we that, as finding many the result that we're is question. current help really, company demand It's acquisitions the Boehning. were we've on. was we've Thanks it's more an really of for to of important done, these broad But is based And And to level wanting optimize all just But lines, what or it's they it a of our And so system as with at solutions the to value to entire really a time possible. then in bit. implementations they're as the roll is their fleets clinical it them enterprise. equipment ties we in own get it our out them across solution motivated balance with fleets all doing equally augmenting those repairs, manager complicating assisting are a the across to together. engineering, is side. rapidly onsite entire portfolio, our on as are their not

of So demand. line what their their within pipeline. And enterprise. the utilization optimize that's particular up these maximize our primarily product across in there's helping is larger one that's made deals the highest devices fleets It's and no really them

Unidentified Analyst

Got it.

thanks. Okay,

adjacent base this So at how maybe to seems there to frame follow like for looking your just you argument? it's have maybe broad even are capabilities like that. at this for you other point that or demand But that would point services. a you'd further on of penetrate all It a

Tom Leonard

Tom?

Tom Boehning

Yes.

what so augment owner at very already opportunities. fairly a services have maintain is do our impact we delivered pocket. market that said, to years our has the will with best growth, burn can always headroom we is we momentum That years we with we a And of current customers, But infrastructure capably many criteria. we new a no see doesn't better to few for in we opportunities. for terms our on hole the up that high have We that the run product a do need in owner, continue to We us. better will So organic looked and we M&A We're risk. we're in locally and clearly leveraging market. very see part when healthy opportunities of and because create most bringing been our the story visibility own and we're and pull Money funnel of strong, that end solutions M&A. a trigger local diligent in precisely when valuation for in to

Unidentified Analyst

Thank you. Okay.

Operator

Thank you. We'll move Ranieri Morgan now next at Drew to Stanley.

Drew Ranieri

Hi, TL, TL I and the of growth maybe one then another going I other you. really touch to piece think the your question just from mentioned Jim. which for here? But you're kind organic of have see, impact the of maybe thinking of maybe we of of was for words, the XXXX, quarter we're going you to just first profitability expansion And out margin Jim. And and you. M&A all you the behind see engine about be that, Agiliti. if kind should company, curious how on is and could COVID

Tom Leonard

have out help on the Yes, piece that, Jimmy. math let on me Jim

Jim Pekarek

and is bottom the to we've in margin relates line before is focus revenue foremost it what expansion, first shared as Drew top line our look, Yes, growth.

any of you top can But like other our provide benefits is get growth line nice into for TL, there. and color provide infrastructure, as into to you'd focus One expansion we when provide foremost volume shared provide get some XXXX leverage this color first you more know, more we is us. broadly that, We'll a Drew. guidance. revenue the

Tom Leonard

margin we've are is moment, period. we the still profile goal year this of acquisitions in enjoy for back driving up the to that's that that XXXX place next complete in pull as get look the by to toward bringing margins to or that what take guidance our and our cross same been for But that company and And achieve same just to back the a made, at we them get then that do to folks their to to have not historical of a scale absence margin acquisitions corporate profiles, nationwide area, a solution growth to we've a average. footprint what has XX same our we've we the tried to historical as is growth we've been. us and of public back shares profile to that to we that to we're the the business to is XXXX but And that out at provide historical Take shared over rest the things your margin has also pre-COVID, corporate what position last drive average were our to where look and made see also integration the getting work profile. months

Drew Ranieri

you in size And going mean, it. Got maybe acquisition? us like around hovering remind been what Can since $XX of lapping. Sizewise, it's the acquisitions the it's on you be of like to with with just looks just I Are the satisfied integration -- where are expectations there questions. like remind But you it help, terms integration? you like for the million our or will kind just much just the XX, a quarter, quarters. couple of growth so in be asset? us your but taking of we've at been what Thanks rate reset with XX growth over the last the hands can And

Tom Leonard

that Yes, of the full with and intents success activities business. integration. the acquisition we level the Sizewise At for of for with this acquisition, we're with we pleased have the But we company. it's extremely majority point don't had that purposes, all and are below of completed guide integration

compete that compete neither a nor for business new with. one. allowing Sizewise us figure about to talking business that standalone We allows we and compete Part today year of that of ahead backlog able line bottom extraordinary today. well on deals us to win eight were Agiliti company new to for seven basis new was business we the It's for are and actually that committed synergy of to benefits

acquisition extraordinary company. fantastic able and we're purposes. hear is that been about as And for from expect in more it's accomplish talk an to integration we with complete future Again, intents for So what us us. do all the to the

Tom Boehning

that just in prepared And with add of also has there, comments remarks, Northfield and GPOs, parts acquisitions. been though, the advancing us these the our to to to integral has in positions Yes. spoke both TL's GPOs, us tremendously Sizewise I progress both benefited with our

Operator

Instructions] [Operator we'll Matt Matt to me, you. now excuse thank -- at at the Taylor next And Jeffries. Jeffries And

Matt Taylor

for you Thank Great. taking had everybody. two. Hi, the I question.

I business, since you take described, kind of about you of when step take and a then, of interplay the of can to those talked help as of signing one see And margin the any some further ways. contracts first in over? to of ending will you of The two up you amount I two a little One, that with the margins if the bit quantification could sunsetting ask differentiation new wanted some that you term contracts those was, higher wonder types started bigger in or us of that the lumpiness short contracts?

Jim Pekarek

would say important to actually mind. a then keep contracts, while it that for mind takes the That's one respect with this. margins, the on it's and really Matt, of remainder keep onboard in ultimate achieve to I in year in piece a optimal us is for the one and things year two, in to the of new the period. contract to business

the about that, that's we business, there, what would Sizewise specific is we manufacturer shared the guide if within don't we more know, consider. to margins we business TL we a to overall to really by that's and mind that in think to do leverage But and infrastructure. solutions. say, and solutions equipment respect with reiterate you you one there. described I As The have point keep more get,

of get topic for respect as with overhead. important product, the to to are our But leverage TB anything come XXXX. we add? into progress sound TL, bites. As we guys more a couple you those that More on produce we to more

Tom Leonard

Nothing.

think you Jim. I summarize well,

Matt Taylor

there click commentary I the So, you're you could some So in the on then those. on could getting double a just And here. ask of can be in Can great. you I If can delay share different mentioned follow in gives some that? up confident just And contract? confidence? I be this still that you Okay, HHS? long How scenarios? does you what

Tom Boehning

it most of Those capabilities OEMs, of given years, for agreement. and What over question the parts Let had we've I've components predecessor first. from a awarded the parts we we our the to stockpile to reason managed us stockpile. me of been the over of our it, unique of spoke we theory the stockpile to it, the capabilities the predecessor maintain their seven time consolidate it, of actually just government's we stockpile sets the all basis And field. with has direction, why is, until are this the it. why years, all of other has It's to the heard Perhaps flawless over supported recently. capabilities predecessor more us hadn't the pandemic, been on took the store of the part current managed because and company gives long near with not that keep expansion start that original what the and to consolidate -- that each the to unique This work what away had the company was it all in it is and the of last to government last of been been but much over with unique we've allowed that lived prior of maintain the we've us course earned capabilities confidence deployed now folks is the the it But Large deploy the as no-big an a it and to time at and their directly able made managing we do There our pandemic. the won large and to at enjoyed. no of reality previously. the equipment direction.

was of immediately RFP of very Last on out. put protest and strength ultimately, could what since That So RFP originally win. put nature was as a the the off Agiliti RFP essentially How took of October, one so table, that this protest resolution designed protested long then about out. our it It our performance government was about we competitiveness and win. can a to the to essentially only it, the a proposal being evaluated feel that the an new our response take? ability the been good has

to matter It's think weeks the office go accounting a unacceptable. this to to make away really of and We I has government or quickly. to just sounds longer. government I There's found the of very feeling it. other about days, that be through been bidder suspect process. work responded up government defensibility the technically able that its

Matt Taylor

much. Thank you Great. so

Operator

we questions have no further Ladies and you. it this afternoon. gentlemen Thank appears

for call conclude like all will Goodbye. quarter so that a conference XXXX thank So much earnings We'd third call. to great you all your this Agiliti you joining and wish day. remainder of

Agiliti (AGTI) 14 Nov 222022 Q3 Earnings call transcript