Mirion Technologies, Inc.

Greetings and welcome to the Merion third quarter 2023 earnings 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, Alex Gaddy, Senior Vice President, Strategy. Thank you, Alex. You may begin.

Good afternoon, everyone, and thank you for joining Merion's third quarter 2023 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 10-Q that we file from time to time with the SEC under the caption risk factors and in Merion's other filings with the SEC. Quarterly references within today's discussion are related to the third quarter ended September 30th, 2023. 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 the presentation accompanying the call today. All earnings materials 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, Chief Executive Officer, and Brian Shopper, Chief Financial Officer. Now, I will turn it over to our Chairman of the Board. Larry.

Thank you, Alex. Good afternoon, everyone, and thank you for joining our third quarter earnings call. We published a solid set of third quarter earnings numbers today, which sets us up well for the fourth quarter. Importantly, our results demonstrated progress on several of the key focus areas and initiatives we have been talking about all year. Quarter performance was outstanding. The team saw strength across the portfolio and closed key orders on the nuclear power side of the business. Backlog grew sequentially for the fifth consecutive quarter. I'm encouraged by the strong momentum we are building across the enterprise. The outlook for both the medical and technology segments looks quite positive in an otherwise mixed macro environment. The focus on networking capital has begun to pivot performance as networking capital was a source of cash in the quarter. This is a step in the right direction and just the beginning of what we expect should be stronger and consistent operating performance. The board and I are confident in the team and the approach to driving capital efficiency. And in the short term, are deleveraging targets. Overall, Merion is on solid footing heading into Q4. Order flow and backlog coverage are robust, the team is executing well, and leverage continues to tick down. Moreover, market fundamentals are constructive, and that positions the company well for profitable future growth. I'll now pass the call over to our CEO, Tom Logan.