Comtech Telecommunications Corp.

Ladies and gentlemen, thank you for standing by. Welcome to the ComTech Telecommunications Corp. Second 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 1 on your push-button phone. As a reminder, this conference is being recorded on Wednesday, March 4, 2020. I would now like to turn the conference over to Mr. Jason DiLorenzo of ComTech Telecommunications. Please go ahead, sir.

Thank you. Welcome to the ComTech Telecommunications Corp. conference call for the second quarter of fiscal year 2020. With us on the call today are Fred Kornberg, Chief Executive Officer and Chairman of the Board of ComTech, Michael D. Porcelain, 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 Chairman of the Board of ComTech, Fred Kornberg. Fred?

Thank you, Jason, and good afternoon, everyone, and thank you for joining us on this call. Today, we will be discussing results for our second quarter of fiscal 2020. As you can see from our earnings announcement, our operating results were solid, with strong performance on the bottom line. I have to say that despite the sudden and unexpected deterioration in business conditions caused by the coronavirus that occurred during our second quarter of fiscal 2020, Our company's businesses have performed very, very well. Our second quarter was another busy quarter for Comtech. We announced several large and important contract awards, as well as our strategic acquisition of Galat. Looking forward, although the second half of fiscal 2020 will be more challenging than we originally expected, we will remain focused on our business execution, Our acquisition integration efforts and positioning our company for a strong fiscal 2021. To that end, we have updated our 2020 financial targets to reflect our current assessment of business conditions and the rebound we expect. Our targets do not include the impact of our impending acquisitions of Gillette and UHP. At this time, we currently estimate consolidated net sales to approximate $712 million and adjusted EBITDA to approximate $99 million, or approximately 14% of consolidated net sales. We also now anticipate GAAP diluted EPS of approximately $1.08. So overall, despite the negative impact of the coronavirus, We still anticipate fiscal 2020 being a year of both revenue and adjusted EBITDA growth. Now let me turn the call over to Mike Bondi, our CFO, who will provide a brief discussion of our second quarter financial results. After that, Mike Porcelain will provide a discussion of our business. And then I'll come back before opening it up to questions and answers. Now let me hand it over to Mike, please.