Mirion Technologies, Inc.

Good day, and welcome to the Merion Technologies first quarter 2022 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing star, then zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please also note this event is being recorded. And I would now like to turn the conference over to Alex Gaddy, Vice President of Finance and Investor Relations. Please go ahead.

Good morning, everyone, and thank you for joining Merion's first quarter 2022 earnings call. A reminder that comments made 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 10Q that we file from time to time with the SEC under the caption Risk Factors and in Marion's other filings with the SEC. Quarterly references within today's discussion are related to the first quarter ended March 31st, 2022. The comments made 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, accompanying this conference call, which can be found on Merion's IR website at ir.merion.com. Joining me on the call today are Larry Kingsley, Chairman of the Board, Tom Logan, Founding Chief Executive Officer, and Brian Schoffer, Chief Financial Officer. Now I'll turn it over to our Chairman of the Board, Larry Kingsley. Larry?

Thank you, Alex, and good morning, everyone. We appreciate your continued interest in Myriad and are excited to share our current assessment of the company's performance and outlook. This morning, we announced our earnings results for the first quarter of 2022 and have provided an update to our expectations for the rest of the year. We will also share our view of how this dynamic environment impacts the short and long-term growth prospects for the business. I want to begin by highlighting some of the key trends that I'd like you to take away from this call. First, the operating environment remained challenging and in some respects deteriorated during the first quarter. The conflict in Ukraine, the supply chain issues specific to our bill of materials posed significant challenges for our business, which we expect to continue. However, all things considered, Tom and I are proud of the team for taking the new variety of challenges head on and delivering a solid quarter of results. I believe that the team has positioned the company for success in the coming quarters. Second, demand remains robust for Merion's diverse set of products and services. As Tom and Brian will highlight in more detail later in the call, Merion's order volume remains strong across both the industrial and medical segments. Finally, I want to express how well positioned Merion is to deliver growth during the remainder of 2022. The company's various end markets actually look stronger now than they did a year ago or even a quarter ago. Merriam maintains a leadership position in many of its product categories and is well positioned to outgrow its end markets. The team has a sturdy grip on the business. They're controlling what they can control and they're responding well to what they cannot. There was a lot of noise in the first quarter and there will likely continue to be some challenges in the short term. However, the business is poised to deliver strong results consistent with how we have described our performance expectations for the company. It's important to remind you that Marion has a long history of delivering positive results in uncertain operating environments. And I'll turn the call over to Tom Logan, Marion's CEO.