Envista Holdings Corporation

My name is David, and I'll be your conference call facilitator this afternoon. At this time, I'd like to welcome everyone to Invista Holdings Corporation's first quarter 2024 earnings results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, please press star and the number one on your telephone keypad. If you'd like to withdraw your questions, You can press star and two. I'll now turn the call over to Mr. Stephen Keller, Principal Financial Officer of Invista Holdings. Mr. Keller, you may begin your conference call.

Good afternoon, and thanks for joining the call. With me today is Amir Agday, our current President and Chief Executive Officer, and Paul Keel, who will assume the position of President and CEO later this afternoon. Given that today is Paul's first day with Invista, Amir and I will be leading the call and we'll handle the Q&A at the end of the prepared remarks. Before we begin, I want to point out that our earnings release, the slide presentation supplementing today's call, and the reconciliations and other information required by SEC Regulation G relating to any non-GAAP financial measures provided during a call are all available on the investor sections of our website, www.investico.com. The audio portion of this call will be archived on the investor section of our website later today under the heading Events and Presentations. It will remain archived until our next quarterly call. During the presentation, we will describe some of the more significant factors that impacted year-over-year performance. The supplemental materials describe additional factors that impacted our year-over-year performance. Unless otherwise noted, references in these remarks to company-specific financial metrics relate to the first quarter of 2024, and references to period-to-period increases or decreases in financial metrics are year-over-year. During a call, we may describe certain products and devices that have applications submitted and pending certain regulatory approvals or are available only in certain markets. We will also make forward-looking statements within the meaning of the federal security laws, including statements regarding events or developments that we believe anticipate or may occur in the future. These forward-looking statements are subject to a number of risks and uncertainties, including those set forth in our SEC filings, and actual results might differ materially from any forward-looking statements that we make today. These forward-looking statements speak only as of the date that they are made, and we do not assume any obligation to update any forward-looking statements except where as required by law. With that, I'd like to turn the call over to Amir.

Thank you, Stephen. Good afternoon, and welcome to INVISA's first quarter 2024 earnings call. We appreciate you taking the time to join us today. Before we discuss our first quarter earnings, I would like to take this time to quickly discuss our leadership transition. In late February, the board announced that they were launching a process to find my successor to lead Invista through the next phase of our development. At the time, our board indicated that they were looking for an accomplished public company CEO who had successfully ran complex multinational and multidivisional businesses. Ideally, the board wanted to find someone who had experience in dental or medtech with a strong commitment to continuous improvement and lean operating principles. They were looking for a unique candidate who could build another legacy and further accelerate our vision of digitizing, personalizing, and democratizing dental care. We're excited to formally introduce you to Paul Keogh. who will be appointed president and chief executive officer later this afternoon. Paul joins Invista from Smith's Group, a UK-based engineering and technology company with annual revenue of around $4 billion. During his time at Smith's, Paul transformed the portfolio through disciplined M&A and organic growth investments. Prior to Smith's, Paul spent 16 years at 3M, where he had a variety of roles, including leading both medical and dental businesses. Prior to 3M, Paul spent time at GE, General Mills, and McKinsey. Paul's background, experience, and track record make him uniquely qualified to lead Invista as we move forward. Paul, welcome to Invista.