NAPCO Security Technologies, Inc.

Good morning, ladies and gentlemen, and welcome to the NAPCO Security Technologies Fiscal Fourth Quarter 2026 Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. I would now like to turn the conference call over to Francis Okoniewski, VP, Investor Relations. Please go ahead.

Thank you, Jenny. Good morning, everyone. This is Fran Okoniewski, Vice President of Investor Relations for NAPCO Security Technologies. Thank you for joining today's conference call to discuss our financial results for the fiscal fourth quarter and fiscal year 2026. By now, you should have all had the opportunity to review our earnings press release, which discusses our fiscal fourth quarter and full year results. If you have not yet received it, a copy is available in the investor relations section of our website, www.napcosecurity.com. Joining me on today's call are Dick Soloway, founder and executive chairman, Kevin Buchel, chief executive officer and president, and Andrew Vuono, our chief financial officer. Before we begin, I would like to review our forward-looking statement. This presentation contains forward-looking statements based on current expectations estimates, forecasts, and projections of future performance, as well as management's judgment, beliefs, current trends, and anticipated product performance. These statements include, without limitation, comments regarding growth drivers of the company's business, including school security products, reoccurring revenue services, potential market opportunities, the benefits of our reoccurring revenue products to customers and dealers, Our ability to control expenses and costs and the expected annual run rate for Software as a Service, or SAS, recurring monthly revenue. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in those statements. These risks include but are not limited to the factors described in our SEC filings, including our annual report on Form 10-K. Other unknown or unpredictable factors or underlying assumptions that later proved to be incorrect could also cause actual results to differ materially from those discussed in the forward-looking statements. Although we believe expectations reflected in these statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not place undue reliance on forward-looking statements. All information provided in today's press release and on this conference call is as of today's date unless otherwise stated, and we undertake no duty to update such information except as required under applicable law. Throughout the presentation, management will discuss certain non-GAAP financial results. We encourage you to refer to the reconciliation between GAAP and non-GAAP results included in our press release. Before turning the call over to Dick, I want to note that we are actively planning our investor relations calendar for upcoming non-deal road shows and investor conferences. Investor outreach is important in APCO, and we appreciate the support of those who help us participate in these events. Over the coming weeks, we will participate in several key investor events, including the Jefferies Industrial Conference in New York City on September 10th, a virtual non-deal road show hosted by Lake Street on September 16th, and D.A. Davidson's 25th Annual Diversified Industrials and Services Conference in Nashville, Tennessee later in September. In addition, NAPCO will be exhibiting at ISC East in New York City from November 3rd through the 5th, where we will be introducing a number of new products. ISC East is one of the security industry's premier events on the East Coast, and we welcome investors and analysts who plan to attend to stop by our booth. With that, let me turn the call over to Dick Soloway, our founder and executive chairman. Dick, the floor is yours.

Thank you, Fran. Fiscal 2026 was a year of exceptional performance and meaningful progress for NAPCO. We strengthened our market position, expanded our capabilities, served our customers at a high level, and delivered results that reflect both the resilience of our business model and the dedication of our employees. At the same time, we continue an important evolution of our company. After five decades of founder-led growth, Kevin Buchel has assumed the role of Chief Executive Officer and President. Having been an important member of our organization for over 25 years, Kevin brings a deep understanding of our business, our customers and our culture to the role. I have taken on the role of founder and executive chairman, allowing me to remain closely involved in the strategic direction of the company while supporting Kevin and the management team in leading the business day-to-day. I've built this company for 50 years. It is strong enough to evolve beyond my day-to-day leadership, and I am confident in Kevin Buchel that I can remain focused on the long-term future. This transition represents continuity. The values that have guided us for 50 years remain unchanged, while leadership structure positions us well for the next phase of growth. With that, I will turn the call over to Kevin Buchel. Kevin, the floor is yours.