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Cognex Management Discusses Q2 2012 Results - Earnings Call Transcript

Cognex (CGNX)

Q2 2012 Earnings Call

July 30, 2012 5:00 pm ET

Executives

Richard A. Morin - Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance & Administration

Robert J. Shillman - Executive Chairman and Chief Culture Officer

Robert J. Willett - Chief Executive Officer, President, Chief Operating Officer, President of Modular Vision Systems Division and Director

Analysts

Zach Larkin - Stephens Inc., Research Division

James Ricchiuti - Needham & Company, LLC, Research Division

Jagadish K. Iyer - Piper Jaffray Companies, Research Division

Ben Z. Rose - Battle Road Research Ltd.

Richard C. Eastman - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Cognex Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to introduce your host for today, Mr. Richard Morin, Chief Financial Officer. Sir, please go ahead.

Richard A. Morin

Thank you, and good evening, everyone.

Earlier tonight, we issued a press release announcing Cognex's earnings for the second quarter of 2012, and we also filed our quarterly report on Form 10-Q. For those of you who have not yet seen these materials, both are available on our website at www.cognex.com. They contain highly detailed information about our financial results.

During tonight's call, we may use a non-GAAP financial measure if we believe it is useful to investors or if we believe it will help investors better understand our results or business trends. For your reference, you can see the company's income statement as reported under GAAP in Exhibit 1 of the earnings press release and a reconciliation of certain items in the income statement from GAAP to non-GAAP in Exhibit 2.

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