Roper Technologies, Inc.

Good morning. The Roper Technologies conference call will now begin. Today's call is being recorded. All participants will be in listen-only mode. Should you need assistance, please signal Conference Specialist by pressing the star key followed by zero. I would now like to turn the call over to Zach Moxie, Vice President, Investor Relations. Please go ahead.

Good morning, and thank you all for joining us as we discuss the first quarter financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer, Rob Cresci, Executive Vice President and Chief Financial Officer, Jason Conley, Vice President and Chief Accounting Officer, and Shannon O'Callaghan, Vice President of Finance. Earlier this morning, we issued a press release announcing our financial results. The press release also includes replay information for today's call. We have prepared slides to accompany today's call, which are available through the webcast and are also available on our website. Now, if you'll please turn to page two. We begin with our safe harbor statement. During the course of today's call, we will make forward-looking statements which are subject to risks and uncertainties as described on this page, in our press release, and in our SEC filings. You should listen to today's call in the context of that information. And now please turn to page three. Unless otherwise noted, we will discuss our results and guidance on an adjusted, non-GAAP, and continuing operations basis. For the first quarter, the difference between our GAAP results and adjusted results consists of the following items. amortization of acquisition-related intangible assets, and purchase accounting adjustments to commission expense. Reconciliations can be found in our press release and in the appendix of this presentation on our website. And now, if you'll please turn to page four, I will hand the call over to Neil. After our prepared remarks, we will take questions from our telephone participants.

Neil? Thanks, Zach, and good morning, everyone. Thanks for joining us. As I'm sure many of you have already noticed, we are introducing Roper's new logo on today's call. Our new logo better reflects our transformation journey while paying honor and respect to our legacy. As a fun fact, our legacy logo was first introduced in 1977. So with that, let's turn to page four and review today's agenda. As usual, we start with our quarterly highlights, followed by our segment-by-segment overview, then go through our increased outlook for guidance expectations, and leave plenty of time to address all your questions. Next slide, please. As we turn to page five, the main takeaways from today's call are, first, we continue to increase the quality, predictability, and durability of the underlying business models and revenue streams. Second, we continue to deliver strong organic growth and operating results, enabling us to increase our organic growth outlook and depth guidance for the year. And third, we have substantial M&A capacity given our rapid deleveraging and completion of our trans-core divestiture. As it relates to the first quarter, we're delighted to report another strong quarter of execution and positive momentum across the portfolio. Specifically, we grew revenue on an organic basis 11% in the quarter. This growth was broad-based across each of our four segments. Not only did we grow nicely in the quarter, but the quality of the underlying business also improved as we saw double-digit organic increases and a recurring revenue base. In addition to our strong software growth, our product businesses performed quite nicely in the quarter as well, experiencing very high levels of demand and record levels of backlog. Also during the quarter, we completed the divestiture of our project-based TransCorp business. As you'll note, we now have $3.2 billion of cash in our balance sheet. When combined with our borrowing capacity, we have over $5 billion of available capital employment firepower, which, when deployed, will further help drive cash flow and shareholder value compounding. So with this, definitely a solid start to the year. Now let me turn the call to Rob, who will walk through our financial summary.