ARC Document Solutions, Inc.

Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today. At this time, I would like to welcome everyone to the ARC Q4 and fiscal year end 2021 earnings report call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question at that time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star 1. Thank you. It's now my pleasure to turn the call over to Mr. David Stickney, Vice President of Investor Relations. Sir, please go ahead.

Thank you, Brent, and welcome, everyone. On the call with me today are Suri Suryakumar, our CEO, our Chief Operating Officer, Dilo Widjasuria, and George Avalos, our Chief Financial Officer. Our fourth quarter and fiscal year results for 2021 were publicized earlier today in a press release. The press release and other company materials are available from our investor relation pages on ARC Document Solutions website at ir.e-arc.com. In today's earnings announcement, ARC offered expanded supplemental disclosures to provide shareholders and analysts with additional information in advance of our quarterly conference call. The disclosures are largely historical and will not be read on today's call. Please note that today's call will contain forward-looking statements that fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are only predictions based on information as of today, February 23, 2022, And actual results may differ materially as a result of risks and uncertainties that we highlight in our quarterly and annual SEC filings. This call will also contain references to certain non-GAAP measures, which are reconciled in today's press release and in our Form 8K filing. I'll now turn the call over to our Chairman, President, and CEO, Suri Suryakumar. Suri?

Thank you, David, and welcome, everyone. 2021 was a year of challenges and opportunities. Looking back, I'm pleased to say that we overcame the difficulties in a decisive manner and took advantage of every opportunity for growth that was out there. The year began with business stalled under the cloud of COVID, and our first quarter results reflected those dire circumstances. But in each quarter, Thereafter, the company improved on every front. Our expansion into new markets was remarkable and perhaps surprising to nearly everyone but ourselves. Even our traditional customers in the construction market significantly increased their appetite for our services well beyond digital plan printing. This will allow us to continue to accelerate our revenue streams in growth segments of our business, unlike the pre-pandemic years. Year over year, sales grew in each of the last three quarters, culminating in fourth quarter growth of more than 7%. Of note, every revenue line grew in the fourth quarter, which is typically our softest period of the year. The bottom line was even more impressive as the fourth quarter earnings for the period delivered 158% growth in EPS as compared to the prior year. It was an excellent way to wrap up 2021 any way you look at it, but even more so when we consider how it began. Cash generation in the fourth quarter and the year was as expected, healthy, and consistent with our level of sales. No better evidence of our confidence in continued cash generation was the 150% increase in our dividends announced in December. D'Lo and George will provide more details a little further along in the call. What I'd like to impress upon you most is how well our plans to transform the company have been executed. While the results of the past year have been enormously gratifying in themselves, the power of what we have done will be best demonstrated in the quarters and the years ahead. Our network of service centers is optimized like never before. Our people are heavily cross-trained. We continue to fine-tune our marketing and attract new business And the skill and responsiveness of our sales team is proving to be as versatile and diverse as our new markets are. Not only we can meet the needs of our expanding customer base, but we are focusing our creativity and innovation on creating new services and products that leverage our existing skills and infrastructure. Doing so keeps the cost of developing new offerings low and assign greater value to the experience and talents of our employees. As we continue to reap the benefits of a well-focused strategy and a transformed business model, we are also updating the way we report our results. You will have noticed that the names of two of our primary services, CDIM and AIM, are now referred to as digital printing and scanning and digital imaging. Given our expanding market, we believe it is more powerful to report our services in the language that it describes the way they are produced, rather than by what any given industry might use them for. The methods for financial reporting and revenue recognition in our renamed business lines remain unchanged. The country, our markets, and AHRQ itself are in a very different position today than they were just 12 months ago. Challenges remain, but I think the current situation favors opportunities for 2022, especially for AHRQ. I'll turn the call over to Dilo and George at this point to fill in some important elements of our progress over the past year, and I'm sure you'll see why I remain optimistic about the coming year. Dilo.