Daktronics, Inc.

Good day, ladies and gentlemen, and welcome to the Daktronics Fiscal Year 2024 First Quarter Earnings Results Conference Call. As a reminder, this conference is being recorded today, Wednesday, September 6th, and is available on the company's website at www.daktronics.com. 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'll 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. I would now like to turn the conference over to Ms. Sheila Anderson, Chief Financial Officer for Daktronics, for some introductory remarks. Please go ahead, Sheila.

Thank you, Liz. Good morning, everyone. Thank you for participating in our first quarter 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 in margins, the introductions of new products and technologies, availability of raw materials, components, and shipping services, and other important factors. These identified factors could cause actual results to differ materially from those discussed on this call. in our company's first quarter 2024 earnings release and its most recent annual report on Form 10-K. Our first quarter 2024 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 turn the call over to our CEO, Reece Kurtenbach.

Good morning. Thanks, Sheila. I'd like to thank all of you for joining us today. Our record sales and operating income for the quarter are the result of strong execution across all of our business areas. We continue to benefit from our past decisive and deliberate actions to improve our customers' experience while increasing our profitability and working capital levels. Our performance is also a testimony to the resiliency and strength of our teams within Dektronix, as well as our strategy of diversified markets and innovation across technology platforms. Our teams strategically utilized our capacity to complete the manufacturing and installation for the start of fall football season for our high school park and recreation and live events customers. Numerous high schools and colleges turned on Dektronix displays this football season. Several professional sports stadiums also trusted Dektronix value and have new installations, including the Green Bay Packers, the Denver Broncos, and the New England Patriots. With our sales performance, we also were able to bring lead times back down towards pre-pandemic levels and generate profits. For additional details on the financial results for the quarter, I'll turn it over to Sheila.