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4/24/2025
Good morning and welcome to the Integer Holdings Corporation first quarter 2025 earnings conference call. All participants are in a listen-only mode. After the speaker's remarks, we will conduct a question and answer session. To ask a question at this time, you will need to press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Sanjeev Arora, Senior Vice President, Strategy, Business Development, and Investor Relations. Thank you. Please go ahead.
Good morning, everyone. Thank you for joining us, and welcome to Integer's first quarter 2025 earnings conference call. With me today are Joe Dziedzic, President and Chief Executive Officer, Payman Kales, President and CEO-elect and Chief Operating Officer, Dyron Smith, Executive Vice President and Chief Financial Officer, and Kristen Stewart, Director of Industrial Relations. As a reminder, the results and data we discussed today reflect the consolidated results of Integer for the periods indicated. During our call, we will discuss some non-GAAP financial measures. For reconciliation of non-GAAP financial measures, please refer to the appendix of today's presentation, today's earnings press release, and the trending schedules, which are available on our website at integer.net. Please note that today's presentation includes forward-looking statements. Please refer to the company's SEC filings for a discussion of the risk factors that could cause our actual results to differ materially. On today's call, Joe will provide his opening comments. Darren will then review our adjusted financial results for the first quarter 2025 and provide an update for the full year 2025 outlook. Joe will come back and provide his closing remarks, and then we'll open up the call for your questions. With that, let me turn the call over to Joe.
Thank you, Sanjeev, and thank you to everyone for joining the call today. Before we discuss our first quarter results, I want to comment on the planned CEO succession we announced today. I am incredibly proud of what we have built at Indenture during my eight years as CEO. We have a clear vision, a compelling growth strategy, and a strong values-based culture. The business is delivering for customers, patients, associates, and shareholders. We have a ready now CEO in Payman Kales. He has been an integral part of developing and executing integer strategy and the creation of our high performance culture. Payman led our cardiovascular business for seven years and delivered outstanding results, including doubling the CMV sales while improving profitability. We have expanded Payman's responsibilities over time as part of our leadership development plans. including overseeing the CNV and CRM&N businesses as COO. Now is the right time for the business to transition the CEO role to payment from a position of strength. I am confident payment will build on Integer's track record of success, and I look forward to retiring later this year when I will begin exploring the world with my wife and spending more time with family and friends. This transition will be effective on October 24th, 2025, and I will then stay on as an advisor through March 31st, 2026. I'll hand the call over to Payman for a few words.
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