ARC Document Solutions, Inc.

Good day, my name is Savannah, and I will be your conference operator for today. At this time, I would like to welcome everyone to the ARC Q1 2022 earnings report. Today's call is being recorded. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star 1 on your telephone keypad. If you would like to withdraw your question, please press star 1 again. Thank you. And I would now like to turn the conference over to David Stigney. Please go ahead.

Thank you, Savannah, 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 first quarter results for 2022 were publicized earlier today in a press release. The press release and other company materials are available from our recently updated investor relations pages on ARC Document Solutions' website, at ir.e-arc.com. We encourage you to explore our new site as its design and content have improved to provide investors with easier access to historical data, our current company presentation, an updated calendar, and more. 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, May 4, 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 thank you all for joining us. For the past year, our strategy to diversify our addressable markets has been performing to plan, and our first quarter performance gives us confidence that growth will continue. This was the fourth quarter in a row in which AHRQ delivered overall performance and it's the second quarter in a row in which all four of our business lines grew year over year. This is even more notable considering that the fourth and the first quarters of the year are historically our weakest. Our teams in sales and operations continue to fire on all cylinders, and we are selling into the market with an appetite for our services. As Dino mentioned in our last call, we are selling into more than 40 different industry verticals. We are getting accustomed to tracking weekly sales in most of them. Demand especially is high in digital printing and just getting off the ground in scanning and imaging. Our bottom line results for the first quarter were impressive with net income and earnings per share growing well over 100%. despite inflationary pressures, competition for labor, and the need to ensure that we have the materials and resources on hand to supply our products and services. It is an enviable position to be in. Not only we are working from a position of strength operationally, but our capital structure is remarkably sound. Many other small companies took on heavy debt loads over the past several years, And with the benchmark rates expected to rise, these companies are likely to be cash constrained in the near future. By contrast, our debt load is small enough to manage with a revolver. Our interest rates, required debt payments, and our leverage ratio are all at all-time lows. And the cash on the balance sheet remains at more than $50 million. The upshot is that we have plenty of room to work in, and the lack of these financial constraints found in other businesses will allow us to keep our focus on growth. Looking ahead, we anticipate another year of expanding our customer base. Whatever the economy may throw at us, today's business models require a visible presence in both the digital and physical world. Every company is brand forward and needs to be seen in whatever venue their customers can be found. As a result, we believe the demand for our services in digital printing will continue to remain high and that we still have new markets to approach with our services. The moderation of work from home orders will put more people in offices. for at least part of each week, which bodes very well for our management services engagement. In addition, our construction customers are still reliant on having on-site print capabilities on their job sites. As I mentioned earlier, we also believe that the growing need for scanning and imaging is likely to be at its early stages. Getting documents out of boxes and into the cloud where anyone can reach them fast is becoming a necessity. Regardless of the industry, we think the diversity in the market for scanning and document conversion services may even rival that of our printing services. All of this suggests an excellent environment to improve ourselves. Arc is in a good position to capitalize on its advantages in 2022, and its proven resilience gives us confidence in confronting whatever the challenges lie ahead in the coming quarter. To provide some of the details behind our optimism, I'll turn the call over to Dilo and then George at this point in time for an operational and financial perspective.