ARC Document Solutions, Inc.

Good afternoon. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the ARC Document Solutions 2023 Second Quarter Earnings Report conference 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 would like to ask a question during this time, Simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one on your telephone keypad. Thank you. Mr. David Stickney, Vice President of Investor Relations, you may begin your conference.

Thanks, Abby, and welcome, everyone. On the call with me today are Suri Suryakumar, our CEO and Chairman. our President and Chief Operating Officer, Dilo Widjesuria, and George Avalos, our Chief Financial Officer. Our second quarter results for 2023 were publicized earlier today in a press release. The press release and other company materials are available from our investor relations pages on our 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, August 2, 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 Form 8K filings. I'll turn the call over to our chairman and CEO, Suri Suryakumar. Suri.

Thank you, David. Good afternoon, and thank you for joining us. Today, I'm happy to report a strong quarter in terms of net earnings, despite the softening of overall sales driven by the current market conditions. Our business model continues to prove its effectiveness in leveraging sales, generating cash, and creating opportunities for future growth. During the second quarter, we experienced healthy demand in digital color printing and growth of more than 20% in scanning. These two service lines continue to show healthy demand. As retail markets make a comeback, customers in this segment are investing more in color to aggressively compete for their share of the business. While the corporate clients, including state, and federal institutions are increasingly using visual communications to articulate their values to both customers and employees. Scanning continues to show high demand as customers continue converting their legacy information to create digital access. Construction-related printing, on the other hand, mirrors the volatile conditions in construction due to interest rate hikes and we have seen interest rate hikes we have seen to date, and there are no obvious catalysts to change these conditions in the months ahead. This is where our diversification into new and growing industry segments has allowed us to become less dependent on planned printing revenues. At this point, we think it's likely that the planned printing will suffer the same effects of slowing construction activity through the end of the year. While the timing of this trend will make it harder to drive overall sales in the last half of the year, we feel strongly that we can maintain strong profitability and cash flows in 2023 and drive sales growth in 2024 with the support of a strong pipeline with some large projects scheduled to ramp up later this year. As always, cash flows remained healthy, supporting our commitment to return shareholder value via an annual dividend and continuing stock purchases. With that as the background for the quarter, I will now turn over the call to Dilo and George for a more detailed review. Dilo?