Helios Technologies, Inc.

Greetings, and welcome to the Helios Technologies first quarter 2024 financial results conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Tanya Allman, Vice President of Investor Relations and Corporate Communications for Helios Technologies. Thank you. You may begin.

Thank you, Operator, and good day, everyone. Welcome to the Helios Technologies First Quarter 2024 Financial Results Conference Call. We issued a press release announcing our results yesterday afternoon. If you do not have that release, it is available on our website at hlio.com. You will also find slides there that will accompany our conversation today. On the line with me are Joseph Matasevic, our President and Chief Executive Officer, and Sean Bagan, our Chief Financial Officer. They will review our first quarter results along with our outlook for 2024. We will then open the call to your questions. If you turn to slide two, you will find our safe harbor statement. As you may be aware, we will make some forward-looking statements during this presentation and the Q&A session. These statements apply to future events that are subject to risks and uncertainties, as well as other factors that could cause actual results to differ materially from those presented today. These risks and uncertainties and other factors have been provided in our 10-K filing as well as our upcoming 10-Q to be filed with the Securities and Exchange Commission. You can find these documents on our website or at sec.gov. I'll also point out that during today's call, we will discuss some non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of comparable GAAP with non-GAAP measures in the tables that accompany today's slides. Please reference slides three and four now. With that, it's my pleasure to turn the call over to Joseph.

Sonja, thank you and welcome everyone. We had a solid start to the year and our results validate our commitment and ability to deliver to plan. Our Helios team continues to demonstrate the dedication to keeping our promises and meeting our responsibilities to our customers. Thank you to the global team for a great quarter out of the gate. I am encouraged with the improvement over the fourth quarter with demand stepping up in all regions. We just completed the trip to Asia, and not only are we starting to see green shoots in our results there, but we see long-term opportunity for real growth. While global geopolitical and macroeconomic conditions remain somewhat nimble, there are clearly pockets of strength regionally and by end market. The higher volume, financial discipline, and the structured actions we took to protect the business delivered strong, sequential improvement. We saw this in our margins, which we expect will continue to expand as we keep executing our plan. Importantly, we are comfortable with affirming our previous guidance for 2024. Behind the scenes, we continue to make great headway as a newly integrated operating company. We have enhanced a couple of new subsystems and have officially entered the commercial food service space. And we have only just begun. We expect this market to become meaningful for us over the next several years. Importantly, we have created innovative, 50 solutions that add value in every application. Our innovations can provide better end-user control, remote access, and greater durability with lower power consumption, enhancing total cost of ownership. We continue to advance several other opportunities as we leverage our unique position at the intersection of hydraulics and electronics. In fact, All the opportunities we previously described are still in play, and we continue to work closely with our customers to identify new ones. As we have brought the various pieces together through flywheel acquisitions and internal innovation, our system solution offerings are really starting to resonate with our customers. This has been repeatedly validated through direct feedback received from our recent customer visits. Many of our distributors are making significant expansion to their own capacity, gearing up to go with us. They understand the strategic value and opportunity in participating in subsystem sales with Helios and are already selling several examples in the market today. Just as exciting, we also announced that we have partnered with Water Guru. As you know, having clean and balanced water is a critical factor for any water-based application. We are bringing to market an industry-leading water sensing and automated treating solution for the spa, plunge pool, and cold plunge markets. This is a truly unique collaboration where we are exclusively licensed and integrating their patented technology for the worldwide spa OEM market. This is another example of how Helios is a leader in driving innovation for the markets we serve. Additionally, this will provide another recurring revenue opportunity for our business model. You will hear more about this as the year progresses. Finally, as a part of our integration progress, we are improving our financial forecasting and instilling stronger financial processes and discipline across all the organizations. All of our operating companies are more tied into our strategy than ever before. I will now turn the call over to Sean to discuss the progress we saw this quarter through our results. Sean, please.