Mirion Technologies, Inc.

Greetings and welcome to Merion Technologies' fourth quarter and full year 2021 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during a conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Alex Gaddy, Vice President of Finance. Please go ahead.

Good morning, everyone, and thank you for joining Miriam's earnings call announcing financial results for the fourth quarter and full year ended December 31st, 2021. My name is Alex Gaddy, Vice President of Finance and Investor Relations at Miriam, and I will be moderating today's event. A few housekeeping items before we get started. I would like to remind you that the discussions during this presentation will include forward-looking statements, and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in our annual report on Form 10-K and quarterly reports on Form 10-Q that we file from time to time with the SEC under the caption Risk Factors and in Miriam's other filings with the SEC. As a reminder, quarterly references within today's discussion are related to the fourth quarter ended December 31st, 2021, unless otherwise stated. The discussions during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the appendix of this presentation for this conference call. Please note that today's prepared remarks will be followed by a Q&A session. Our earnings presentation and transcript will be published today and can be found on Marion's IR website at ir.marion.com. Joining me on the call today are Larry Kingsley, Chairman of the Board, Tom Logan, Founding Chief Executive Officer, and Brian Shopper, Chief Financial Officer. Now I will turn it over to our Chairman of the Board, Larry Kingsley. Larry?

Thank you, Alex, and good morning, everyone. We appreciate your interest in Marion, and we're pleased to announce our earnings results for our fourth quarter and full year 2021, as well as to share our expectations for the business for fiscal year 2022. Before I turn the call over to Tom, I'd like to take a few moments to highlight some of the key takeaways from 21 and to share my thoughts on the company heading into 22. As Marion continues to evolve and develop its public company journey, There is a lot to be excited about going forward. All of the same themes that I highlighted in our call in November remain intact. And I want to reiterate how well positioned Mirian is to capitalize on what we believe is a favorable macro environment across the company's diversified product portfolio. I'd like to leave you with three key takeaways from my portion of this morning's call. First, the company overcame a variety of challenges during the fourth quarter and still delivered solid results. Between the surge of the Omicron variant, the state of the global supply chain, labor supply headwinds, and the company-wide effort needed to become a public company, Merriam was able to grow its business and advance many of its key strategic initiatives. Second, the company-specific and macro growth opportunities across the product portfolio are proving sustainable. This includes supportive trends in both the industrial and medical segments, and a healthy M&A pipeline exemplified by the recent CIRS acquisition. Third, and probably most importantly, the team at Merion has a strong history and is adapting well to the needs and requirements of being a public company, as we all expected. Tom Logan has an outstanding reputation of delivering meaningful returns for investors over the course of nearly two decades. and I am more confident than ever in his ability to guide the talented team at Merion into what I believe is a promising future for the company. After successfully taking Merion public, Tom can once again return his focus to what he does best, running his business and executing on meaningful growth opportunities. It's important for me to reiterate just how unique Merion's story is. This is a solid company with resilient underlying markets and a diverse and differentiated product portfolio, with high barriers to entry. Merian has leading positions within its chosen markets, and I'm excited to see what the company is able to accomplish as it continues to deliver on its strategic priorities going forward. In partnership with Tom, I believe that there is a strong opportunity for operating margin expansion as Merian develops and enhances its ability to gain on pricing and cost efficiencies. The consistent execution of the Merian operating system will create returns, and Marion's strength in that area is particularly noteworthy. We are pleased with how Marion is performing as a new public company, especially given the environment and operational challenges all companies are facing at the moment. With that, I'll turn the call over to Tom, who will walk us through the market and the business performance in some detail.