Stran & Company, Inc.

to the Strand and Company First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Alexandra Schilt. You may begin.

Good morning and thank you for joining Strawn and Company's 2025 First Quarter Financial Results and Business Update conference call. With us today are Andy Shape, Chief Executive Officer, and David Browner, Chief Financial Officer. The company issued a press release yesterday, May 15, 2025, detailing its financial results for the first quarter of 2025. The release is also available on its website. If you have any questions following today's call or would like additional information, please contact Crescendo Communications at 212-671-1020. Today's remarks will include a review of Strong's financial and operational performance, followed by a Q&A session. Please note the company may make forward-looking statements during the call that involve risks and uncertainties, many of which are outside of its control. We encourage you to review STRON's filings with the SEC for full discussion of these risk factors. With that, I will turn the call over to Andy Schaaf. Please go ahead, Andy.

Thank you, Ali, and good morning, everyone. I'm thrilled to share the excellent results STRON and company delivered in the first quarter of 2025, marking a strong start of the year. Our performance reflects discipline execution, strategic vision, and the growing momentum of our business as we continue to strengthen our position as an industry leader. For the first quarter ended March 31st, 2025, we achieved a remarkable 52.4% year-over-year revenue increase, reaching approximately $28.7 million, up from $18.8 million in Q1 2024. This growth was driven by a combination of robust organic performance and the impactful contributions from our August 2024 acquisition of the Gander Group assets. Notably, our core strong segment delivered 11.2% organic revenue growth, a testament to the resilience and competitive strength of our business, particularly in a challenging market environment where many peers have faced contraction. Our growth profit also saw significant growth, rising 51.1% to $8.5 million, representing 29.6% of sales compared to $5.6 million or 29.8% of sales in Q1 2024. This performance is especially impressive given the initially lower margins associated with the Gander Group acquisitions. Encouragingly, we've already driven modest improvements in the gross profit margin of Strawn Loyalty Solutions, or SLS, the segment encompassing the former Gander Group business, and we're actively working to align these margins with Strawn's historically strong profile, which reached 32.4% for the Strawn segment in Q1 2025. A key milestone this quarter was the completion of our re-audit process, which consumed significant resources in prior periods. With this behind us, we've restored timely financial reporting and shifted our focus to driving growth, enhancing margins, and creating long-term shareholder value. The successful launch of our NetSuite ERP system in January 2025 has been a game changer in this regard. This enterprise-wide rollout is already delivering tangible results, including automated workflows, real-time visibility to operations, and centralized process control. NetSuite enhances our ability to scale efficiently, respond to client needs with greater speed and accuracy, and manage operations with precision, positioning us for sustained operational excellence. The integration of Gander Group assets continues to progress, bringing meaningful scale, diversification, and cross-selling opportunities to our platform. The acquisition has expanded our presence in the high-growth hospitality and gaming verticals and opened new revenue channels through deep client relationships. We are realizing early synergies in sourcing logistics and client engagement and see significant potential to further leverage these capabilities to enhance customer services and our value proposition. These efforts are laying a strong foundation for continued revenue acceleration and long-term value creation. On the macroeconomic front, we are proactively addressing global trade dynamics, particularly the evolving tariff landscape. STRON has proven a track record of agility and operational discipline in navigating complex international sourcing environments. To mitigate potential tariff uncertainty, we are accelerating our diversification strategy, expanding our global manufacturing footprint to include domestic Made in the USA production and partnerships in Vietnam, Cambodia, Taiwan, India, Bangladesh, and other regions. Our sourcing teams are negotiating with suppliers to optimize our pricing, ensuring we maintain competitive offerings while preserving our profitability. Our top priority remains delivering continuity, value, and quality to our clients. Looking ahead, our priorities for 2025 are clear. Accelerating organic growth, expanding margins, and driving sustained profitability. We are implementing disciplined expense controls, streamlining workflows, and leveraging our scalable infrastructure to capture more value from our revenue growth. Broader industry continues to present compelling opportunities as companies increasingly prioritize brand visibility, customer engagement, and loyalty. Stront is uniquely positioned to meet this demand with an expanding platform, enhanced systems, and a customer-centric culture that enables us to deliver high-impact integrated solutions across diverse verticals. I want to express my deepest gratitude to our employees for their unwavering dedication, to our clients for their trust and partnership, and to our shareholders for their continued support. We believe 2025 will be a transformative year for STRON, defined by financial growth, operational excellence, and strategic expansion. With that, I'll turn the call over to David Browner, our CFO, to review our financial results in greater detail. David, please go ahead.