Agiliti, Inc.

Good afternoon and welcome to Agility's fourth quarter and full year 2022 earnings conference call. Today's call is being recorded and we have allocated one hour for prepared remarks and question and answers. At this time, I'd like to turn the conference over to Kate Kaiser, Senior Vice President of Corporate Communication and Investor Relations at Agility. Thank you. You may begin.

Thank you, Operator, and hello, everyone. Thank you for joining us on today's call as we provide an overview of Agility's results for the quarter ending December 31st, 2022. Before we begin, I'll remind you that during today's call, we'll be making statements that are forward-looking and consequently are subject to risks and uncertainties. Certain factors may affect us in the future and could cause actual results to differ materially from those expressed in these forward-looking statements. Specific risk factors are detailed in our press release and in our most recent SEC filings, which can be found in the investor section of our corporate website at agilityhealth.com. We'll also be referring to certain measures that are not calculated and presented in accordance with generally accepted accounting principles during this call. You can find a reconciliation of those measures to the most directly comparable gap measures and a description of why we use these measures in our press release. To download a copy of the presentation that we'll use to facilitate today's discussion, please visit our website at agilityhealth.com, select the Investors section at the top of the screen, and then Events and Presentations. Finally, select the presentation titled Agility Q4 and Full Year 2022 Earnings Slide. I'll now turn the call over to Tom Leonard.

Good afternoon. Thank you for joining us as we review our results from the fourth quarter of 2022 and reflect on our performance for the full year. Joining me today is our president, Tom Benning, and our CFO, Jim Pekarek. Beginning with a recap on our recent news, on January 9th, I announced my plans to retire from the CEO role at Agility. I will continue to serve the company as a member of its board of directors. Tom Benning will officially take the CEO position and join our board of directors on March 10th. Tom has served right beside me since January 2020 as our president, leading our commercial organization and is a key member of our leadership team. I've known him nearly 20 years as both a colleague and as a friend and have full confidence in his ability to lead our company. This transition is part of a thoughtful succession planning process that began shortly after Tom joined Agility three years ago. The board of directors and I are excited about our future and look forward to the company's continued progress under Tom's leadership. Today, I'll highlight a few headlines from 2022 and then turn the call to Tom and Jim. We delivered financial results that met our expectations for the fourth quarter and for the full year. We successfully flexed our operations to capitalize on the favorable tailwinds of COVID and realized the financial benefit from managing and deploying the HHS stockpile of medical devices. We recently secured the long-term renewal of our HHS contract as part of a competitive process, continuing our strong track record of execution. And as we shared over the last few earnings calls, we've seen strong demand for our services as our customers resume focus on their long-term priorities, resulting in some of the largest contracts in the company's history. Agility enters 2023 well-positioned to extend the momentum from 2022 and drive our performance in the years to come. We enjoy a strong backlog of signed contracts, and a growing pipeline of new customer opportunities, all of which build on our durable base business. As we move through the first half of this year, we'll lap the prior year's benefits from COVID-19 and the HHS contract renewal, and we expect our back-cab results to more clearly demonstrate the predictable organic growth of our base business. As I conclude my time as CEO of Agility, I could not be more confident in our company or more proud of our teams. Agility has become a truly essential part of our nation's healthcare infrastructure. It's been my privilege to serve this company, its team members, customers, and shareholders for the past eight years as its CEO. I look forward to supporting its continued progress under Tom Benning's leadership. I'll now turn the call over to our new CEO, Tom Benning.