Brady Corporation

Good day, and thank you for standing by. Welcome to the 2025 First Quarter Brady Corporation Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would like to hand the conference over to your first speaker today, and Thorne CFO. Please go ahead.

Thank you. Good morning, and welcome to the Brady Corporation Fiscal 2025 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 2024 Form 10-K, which was filed at 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 thanks everyone for joining us today. This morning we released our fiscal 2025 first quarter financial results, and I'm pleased to report another strong quarter and a great start to 2025. We grew organic sales 3.6%, we grew adjusted pre-tax earnings 11%, and we grew adjusted earnings per share 12%. Our Americas and Asia region did an excellent job with organic sales growth of 5.1%, and our Europe and Australia region returned to growth in this quarter. Our teams executed incredibly well and delivered great results in light of current macro conditions. This quarter, we launched a product that bundles one of our top-selling printers, the i5300, with our V4500 barcode scanner. These two products allow our customers to seamlessly connect a scanner and a printer, which allows for fast and efficient scanning and printing with zero setup, zero adjustments, and zero wasted labels. This is the first bundled set of products incorporating technology we acquired with the CodeCorp acquisition with Brady's printing technology and specialty adhesive materials. Our proprietary Cortex decoder technology equips our scanners with the ability to easily read a wide variety of different barcodes from incredibly small barcodes or barcodes on hard to read surfaces that are shiny or curved. And our automated keyboard device and dynamic user interface allows the user to go from setup to first scan in just seconds. These types of integrated solutions are a primary focus of our R&D efforts, which are designed to provide our customers with products that solve their problems and make their everyday jobs easier. This also marks the first quarter following our acquisition of Gravitech. We are looking forward to adding their laser and mechanical part marking capabilities to our existing portfolio of identification products. Brady's long-term goal is to create an ecosystem of interoperable part marking and and reading solutions for our customers. This quarter was an excellent start to 2025. We continue to engage with our diverse set of customers to create niche solutions tailored to their needs. With no single product or customer responsible for a material economic impact to Brady, we have the ability to emphasize growing markets and invest in our most promising technologies. This has enabled Brady to thrive for the last 110 years. And now I'll turn the call over to Anne to provide more details on our financial results. Anne? Thank you, Russell.