ARC Document Solutions, Inc.

Thank you for standing by. My name is Pam and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 2024 ARC Document Solutions Earnings Report. 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, press star one again. Thank you. I would now like to turn the conference over to David Stickney, Vice President of Investor Relations. You may begin.

Thank you, Pam, and welcome, everyone. On the call with me today are Suri Suryakumar, our CEO and Chairman, our President and Chief Operating Officer, Dilo Widjasuria, and George Avalos, our Chief Financial Officer. Our first quarter results for 2024 were publicized 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 are only predictions based on information as of today, May 7, 2024. 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 filing. I'll turn the call over to our Chairman and CEO, Suri Suryakumar. Suri.

Thank you, David. I'm happy to report that our business transformation remains on track. With nearly 3% increase in overall sales in the first quarter, along with an increase in earnings per share, we think the year is off to a good start, but the business conditions continue to remain tough. Our strategic sales focus drove top-line growth, even while operating costs in the first quarter were pressurized due to increased material and labor expenses. We believe color matters. and scanning and archiving will continue to drive our momentum this year. On-site services will provide a steady base with some potential upside and continuous cross-selling. And planned printing and equipment and sales will continue to be pressurized by the high cost of capital. Despite some uncertainty percolating up from macro events at home and around the world, many of our customers and markets are making their own way and not waiting for things to settle down. Whether it is a stronger trade show presence, a planned expansion of locations, a more aggressive local marketing at the store level, or a new national campaign, our forward-looking customers are engaging in creative and compelling marketing, and we are in a perfect position to assist. As with document scanning and archiving, and the desire to continue to converting paper documents to digital files remains very high in nearly every market we serve. While the benefits of digital archives are obvious under any circumstances, any uncertainty in the economy, disruption in business, or even natural disasters seem to increase the demand for scanning. We feel very strongly that we remain in the early stages of document conversion and retention, and that there is a very long runway for this service line. As our performance for the quarter shows, we have potential to grow in 2024, but we have to work for it. That said, we are confident that we can continue to produce healthy margins and cash flows and remain committed to our 20% annual dividend and opportunistic share repurchases. To help explain some of the details about how we executed our plans during the first quarter of 2024, I'll turn the call over to Dilo and George for their comments. Dilo?