speaker
Operator
Conference Operator

Ladies and gentlemen, thank you for standing by. Welcome to ComTech Telecommunications Corp. first quarter fiscal 2020 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. At that time, if you have a question, you will need to press the star and one on your push-button phone. As a reminder, this conference is being recorded. Wednesday, December 4th, 2019. I would now like to turn the conference over to Mr. Jason DiLorenzo of ComTech Telecommunications. Please go ahead, sir.

speaker
Jason DiLorenzo
Investor Relations, ComTech Telecommunications

Thank you. Welcome to the ComTech Telecommunications Conference call for the first quarter of fiscal year 2020. With us on the call today are Fred Kornberg, Chief Executive Officer and President of ComTech, Michael D. Porcelain, Senior Vice President and Chief Operating Officer, and Michael Bondi, Chief Financial Officer. Before we proceed, I need to remind you of the company's safe harbor language. Certain information presented in this call will include, but not be limited to, information relating to the future performance and financial condition of the company, the company's plans, objectives, and business outlook, and the plans, objectives, and business outlook of the company's management. The company's assumptions regarding such performance, business outlook, and plans are forward-looking in nature and involve significant risks and uncertainties. Actual results could differ materially from such forward-looking information. Any forward-looking statements are qualified in their entirety by cautionary statements contained in the company's Securities and Exchange Commission filings. I am pleased now to introduce the Chief Executive Officer and President of Comtec, Fred Kornberg. Fred?

speaker
Fred Kornberg
Chief Executive Officer and President

Thank you, Jason. Good afternoon, everyone, and thank you for joining us in this call. Today, we will be discussing the results for our first quarter of fiscal 2020. As you can see from our earnings announcement, we're off to a great start, and we believe our performance to date provides a solid foundation for what we anticipate will be a year of both revenue and adjusted EBITDA growth. We're increasing our targeted fiscal 2020 net sales to be in the range of approximately $712 million to $732 million. We're also increasing our targeted adjusted EBITDA to be in the range of $99 million to $103 million. Also targeted is the GAAP diluted EPS range of approximately $1.28 As you can see, our strategic initiatives are paying off and fiscal 2020 is looking very, very strong. Now let me turn the call over to Mike Bondi, our CFO, who will provide a discussion of our first quarter financial results. After that, Mike Porcelain, our COO, will provide a discussion of our business segments and an overview of our recently announced planned acquisition of UHV Networks, Inc. And then I'll come back before opening it up to questions and answers. And now let me hand the call over to Mike Bondi. Mike? Thank you, Fred.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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