Daktronics, Inc.

Good day, and thank you for standing by. And welcome to Dutronic's fourth quarter and year end 2023 financial results. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to introduce your host for today's call, Sheila Anderson, Chief Financial Officer. Please go ahead.

Thank you, Operator. Good afternoon, everyone. Thank you for participating in our fourth quarter and year-end earnings conference call. I would like to review our disclosure cautioning investors and participants that in addition to statements of historical facts, we will be discussing forward-looking statements reflecting our expectations and plans about our future financial performance and future business opportunities. These forward-looking statements reflect the company's expectations or beliefs concerning future events. All forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from our expectations. Such risks include, but are not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts and orders, fluctuations and margins, the introduction of new products and technologies, availability of raw material components and shipping services, and other important factors. These identified factors could cause actual results to differ materially from those disclosed in this call. In the company's fourth quarter 2023 earnings release, and its most recent annual report on Form 10-K. Our fourth quarter 2023 earnings release contains certain non-GAAP financial measures and was furnished to the Securities and Exchange Commission on Form 8-K this morning. These documents are available on the investor section at Daktronics' website at www.daktronics.com. I'll now turn the call over to Our CEO, Rhys Kurtenbach. One moment for some technical difficulties.

I think I'm here, Sheila. Sorry for that. Good afternoon. Thank you for joining us today. Dictronics has emerged from the challenges of the last three years strategically renewed, operationally focused, and financially sound. We faced unprecedented business and dynamic operating conditions through the pandemic times. A pullback in the business, a rapid rebound in the business, and then supply chain and capacity constraints. Our teams came together to take decisive and deliberate actions to improve our customers' experience while increasing our profitability and working capital levels. We ended the year with a record sales of 754 million, $26 million in adjusted operating income and a strong balance sheet. Fiscal 2023 was an incredibly positive transition year, and our successful navigation on multiple fronts positions us for long-term success. I would like to put a thank you out to our teams who demonstrated resiliency, pragmatism, and creativity And through their effort, we were able to make long-lasting improvements throughout our organization. Our performance is also a testimony to the resiliency and strength of our diversified markets and innovation. Thank you to all of our shareholders for your support through this dynamic time. I'll now turn it over to Sheila for some more details on the financial results.