DMC Global Inc.

Greetings. Welcome to the DMC Global First Quarter Earnings Call. At this time, all participants are on 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 your host, Jeff High. You may begin.

Hello, and welcome to DMC's First Quarter Conference Call. Presenting today are Interim Co-CEOs David Aldis and Mike Kuda, and Chief Financial Officer Eric Walter. I'd like to remind everyone that matters discussed during this call may include forward-looking statements that are based on our estimates, projections, and assumptions as of today's date, and are subject to risks and uncertainties that are disclosed in our filings with the SEC. Our business is subject to certain risks that could cause actual results to differ materially from those anticipated in our forward-looking statements. DMC assumes no obligation to update forward-looking statements that become untrue because of subsequent events. Today's earnings release and a related presentation on our first quarter performance are available on the investors page of our website located at dmcglobal.com. A webcast replay of today's presentation will be available at our website shortly after the conclusion of this call. And with that, I'll now turn the call over to David Aldis. David?

Good afternoon and thank you for joining us for today's call. The positive momentum we carried at the end of 2022 continued into 2023. Despite a variety of macroeconomic concerns, DMC delivered record first quarter sales of $184 million, as well as improved profitability. Our performance was driven by strong demand for the innovative products developed by our three differentiated manufacturing businesses. each of which reported solid top line results and sequential margin expansion. The first quarter also was marked by progress on many of the strategic initiatives we laid out at the beginning of the year. At Arcadia, our architectural building product segment, a series of business integration and capacity expansion initiatives are gaining momentum. Dyna Energetics, our energy products business, achieved record sales of its flagship DynaStage perforating system, as well as improved operational efficiencies. Noble Cloud, our composite metals business, increased its order backlog to a 10-year high and is benefiting from healthy end-use markets and growing demand. And at DMC, our financial strength is improving, and we have a clear path toward much lower SG&A expense, and improved free cash flow. I'll turn the call over to Mike for a closer look at our first quarter performance, and then Eric will review our financial results and second quarter guidance. Mike?