ARC Document Solutions, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the ARC Q1 2023 Earnings Report Call. I would now like to turn the call over to David Stickney, Vice President of Investor Relations. Please go ahead.

Thank you, Mandeep, and welcome everyone. On the call with me today are Suri Suryakumar, our CEO and Chairman, our President and Chief Operating Officer, Dilo Widjasuriya, and George Avalos, our Chief Financial Officer. Our first quarter results for 2023 were published earlier today in a press release. The press release and other company materials are available from our investor relations pages on ARC Document Solutions website at ir.e-arc.com. Please note that today's call will contain forward-looking statements and our only predictions based on information as of today, May 3rd, 2023, and actual results may differ materially as a result of risks and uncertainties that we highlight in our quarterly and annual SEC filings. Any non-GAAP measures discussed today are reconciled in our press release and our Form 8K filing. I'll now turn the call over to our Chairman and CEO, Suri Suryakumar. Suri?

Thank you, and welcome, everyone. Today, we reported results that are aligned with our growth strategy and bottom-line objectives. Demand for digital printing remains steady. Incremental growth in onsite printing and scanning grew significantly during the quarter. Sales were soft in our equipment and supplies and construction plant printing, but as we have stated before, these products and services are not a strategic part of our business mix anymore. Absent further pressure on capital spending, which can affect construction printing and equipment purchases, we remain confident in our ability to deliver moderate overall growth in 2023. Our bottom line results demonstrated the leverage we can exert within our cost model as we continue to improve margin performance faster than sales. Gross margins grew, operating profits rose, and net income was up despite the 1% drop in overall sales. Importantly, cash flows also remained healthy, ensuring an annual dividend equal to or greater than we issued last year. It also leaves us plenty of room to acquire more of our own stock when the opportunity arises. To help explain the environment of our first quarter and how we met the challenges and opportunities it presented, I'll now turn over the call to Dilo and George for a review. Dilo?