Brady Corporation

Good day and thank you for standing by. Welcome to Brady Corporation's first quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 1-1 on your telephone. Then you will hear a message advising your hand is raised. To withdraw the question, simply press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to turn the call over to Brady Corporation's Chief Financial Officer, Anne Thornton. Thank you.

Good morning and welcome to the Brady Corporation Fiscal 2024 First Quarter Earnings Conference Call. The slides for this morning's call are located on our website at www.bradycorp.com slash investors. We will begin our prepared remarks on slide number three. Please note that during this call, we may make comments about forward-looking information. Words such as expect, will, may, believe, forecast, and anticipate are just a few examples of words identifying a forward-looking statement. It's important to note that forward-looking information is subject to various risk factors and uncertainties, which could significantly impact expected results. Risk factors were noted in our news release this morning and in Brady's fiscal 2023 Form 10-K, which was filed with the SEC in September. Also, please note that this teleconference is copyrighted by Brady Corporation and may not be rebroadcast without the consent of Brady. We will be recording this call and broadcasting it on the Internet. As such, your participation in the Q&A session will constitute your consent to being recorded. I'll now turn the call over to Brady's President and Chief Executive Officer, Russell Schaller.

Russell? Thank you, Anne, and thank you all for joining us today. This morning we released our fiscal 2024 first quarter financial results, which was another great quarter of execution and improved profitability. Our non-GAAP earnings per share increased 19% this quarter on organic sales growth of 2.7%. We continue to invest in our business through our expanded R&D and digital capabilities, while at the same time growing earnings and strengthening our balance sheet. Our change to a regional structure last fiscal year has increased our ability to generate improved earnings and cash flow. This reinforces our ability to focus on new products and sales generating investments so that we can continue to grow organic sales over the long term. This quarter we launched an exciting new portable printer called the M511. This printer is incredibly versatile and is designed for use in a wide variety of end markets. It's Bluetooth-enabled and allows five simultaneous connections through an easy-to-use app. It's extremely durable and wastes less material because it can print edge-to-edge with text, graphics, and barcodes. This printer is ideal for wire identification in data centers, electrical, laboratory settings, as well as anywhere safety and facility identification is essential. It can identify each of the hundreds of different Brady manufactured materials which enables real-time customization for the end user. We have a fantastic line of printers and custom materials with a pipeline of innovative products on the way. Combined with our work in the safety and identification space, Brady has multiple leadership positions that deliver value to our customers. We're continuing to make investments in our future, our financial position is strong, and we have a fantastic team that is delivering for our customers every day. I'll now turn the call over to Ann to provide more detail on our financial results. Ann? Thank you, Russell.