Motorola Solutions, Inc.

Good afternoon and thank you for holding. Welcome to the Motorola Solutions first quarter 2025 earnings conference call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and additional financial tables are posted on the Motorola Solutions investor relations website. In addition, a webcast replay of this call will be available on our website within three hours after the conclusion of this call. Website address is www.morolosolutions.com slash investor. All participants have been placed in a listen-only mode. You will have an opportunity to ask questions after today's presentation. If you would like to ask a question, please press star 5 on your telephone keypad to be placed into the queue. You may also press star 5 again to remove yourself from the queue. I would now like to introduce Mr. Tim Yochum, Vice President of Investor Relations. Mr. Yochum, you may begin your conference.

Good afternoon. Welcome to our 2025 first quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Malloy, Executive Vice President and COO, and Mahesh Sattarishi, Executive Vice President and CTO. Greg and Jason will review our results along with commentary and Jack and Mahesh will join for Q&A. We've posted an earnings presentation and news release at MotorolaSolutions.com slash investor. These materials include gap to non-gap reconciliations for your reference. And during the call, we reference non-gap financial results, including those in our outlook, unless otherwise noted. A number of forward-looking statements will be made during this presentation and during the Q&A portion of the call. These statements are based on current expectations and assumptions that are subject to a variety of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Information about factors that could cause such differences can be found in today's earnings news release, in the comments made during this conference call, in the risk factor section of our 2024 annual report on Form 10-K, or any quarterly report on Form 10-Q, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statements. And with that, I will turn it over to Greg.

Thanks, Tim, and good afternoon. Thanks, everybody, for joining us today. I'll begin with a few thoughts of the business before turning it over to Jason. First, Q1 was an excellent start to the year with record first-quarter revenue, record operating earnings, and record cash flow. In software and services, sales were up 9%, driven by continued strong adoption of software applications across our safety and security ecosystem and by our LMR services. In products and SI, sales were up 4%, with significant operating margin expansion driven by growth for our higher tiered public safety devices, as well as lower material costs. Second, our investments in video and software continue to drive meaningful revenue growth for the company. During the quarter, our command center and video technologies both grew double digits and achieved record Q1 orders and ending backlog. We also closed on the acquisitions of Rapid Deploy and Theatro, adding to our software offerings for both public safety and enterprise customers. And just last week, we launched SVX and ASSIST, two groundbreaking technologies that will transform how public safety officers protect and serve. And finally, as we navigate the current environment, I like how we are positioned. Our customers are continuing to prioritize investments in safety and security. Our public safety ecosystem continues to expand with new products and solutions. And we're taking actions to offset cost increases related to tariffs. All of this is driving our continued expectation for strong revenue, earnings, and cash flow growth for the year. And with that, I'll now turn the call back over to Jason.