AstroNova, Inc.

Greetings. Welcome to Astronova's first quarter fiscal year 2027 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Deb Palowski, Investor Relations. Thank you. You may begin.

Thank you, and good morning, everyone. We appreciate your interest in Astronova. With me are Yorick Ipman, our President and Chief Executive Officer, and Tom DeBile, our Chief Financial Officer. You should have a copy of the earnings release that crossed the wires after market closed, as well as the slide deck for today's call. If you do not, you can find both on the Investor Relations section of our website. Please turn to slide two for our cautionary statements. As a reminder during this call, we may make forward-looking statements about our current plans, beliefs, and expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties are described in today's earnings release and in our SEC filings, which are available on our website and at sec.gov. We do not undertake any obligation to update these forward-looking statements. We will also refer to certain non-GAAP financial measures. We believe these measures provide investors with additional insight into our core operating performance. However, they should not be considered in isolation or as a substitute for GAAP results. Reconciliations of non-GAAP to GAAP measures are included in the tables accompanying today's release and slide presentation. With that, please turn to slide three and I'll hand the call over to Yorick to discuss the quarter and our progress.

Yorick? Thank you, Debbie, and good morning, everyone. We had a solid start to fiscal 2027, continuing the momentum from the second half of last year as we drive greater sales, marketing, and operating discipline. First quarter revenue grew over 4%, primarily due to the strong aerospace performance, while margins also expanded nicely, resulting in an adjusted EBITDA margin of 10.5%. Our bookings grew 32.6%, also driven by aerospace, and our product ID order rate is averaging up on a trailing 12-month basis. Aerospace was the primary driver of our first quarter results. The predominance of top rider shipments and strong industry tailwinds are delivering growth and profitability. Commercial aircraft build rates are projected to increase over the next few years, and we have captured a significant share of that opportunity with our Tough Rider printers. We're also working to improve our aftermarket service processes to increase throughput and capture more of that attractive business. In Product ID, we're making good progress. Although revenue was slightly down from the prior year period, operating income doubled. Higher and sustained sales of certain legacy products help offset the impact of the ongoing transition to our newer direct-to-packaging printer platform. This, along with improving productivity and better cost control, supported margin expansion. The comprehensive settlement agreement announced in May resolved the arbitration and related proceedings tied to the M-TEX acquisition and mutually discharged all liabilities arising from related agreements. This removes a source of uncertainty and distraction and allows us to stay focused on execution, customer service, and realizing the strategic value of the platform within product ID. We continue to make investments in the team to sustain our momentum. We have recently added a global sales director who is reshaping our channels to market. While we have strong channel partners, they are not aligned with the markets we are targeting. As discussed last quarter, the life sciences, chemical, and industrial markets value the technical capabilities and quality of our printers and labels. In these markets, we're a critical element to address regulatory requirements, safety, and longevity. We also have added a global operations director, adding much needed talent to take a critical eye at our manufacturing processes and footprint. As you know, the Board is evaluating a range of potential strategic alternatives to maximize shareholder value. That process is ongoing. We will not speculate on potential outcomes, timing, or specific alternatives. We do not intend to comment further unless and until the Board approves a specific course of action or disclosure is otherwise required. At the same time, remain fully focused on running the business. improving performance, and executing the strategy that is driving better results across both segments. With that, please turn to slide four, and I will hand the call over to Tom to review the financials in more detail. Tom? Thank you, Yorick, and good morning, everyone.