Resideo Technologies, Inc.

At this time, I'd like to welcome everyone to the Resideo Technologies first quarter 2020 earnings conference call. Today's call is being recorded. All participants will be in a listen only mode until the formal question and answer portion of the call. If anyone should require operator assistance during the call, please press star zero on your telephone keypad. I would now like to introduce Mr. Matt Giordano, Vice President and Treasurer. Mr. Giordano, you may now begin.

Good morning. Thank you for joining us for Residio's earnings conference call covering the first quarter of 2020. On today's call, we have Mike Nefkins and Bob Ryder, joined by Andy Tiesch, our Lead Independent Director. You can find a copy of our earnings release and presentation materials on the investor relations page of residio.com. We'd like to remind you that this morning's presentation contains forward-looking statements. Statements other than historical facts made during this call may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Residio's filings with the Securities and Exchange Commission. Thanks, Matt, and good morning, everyone.

Thank you for joining us for our first quarter 2020 earnings call. I hope that you and your families are well and safe. Today, I'll begin with some brief comments on recent events and how Resideo is responding to the COVID-19 pandemic. Andy will then go into greater detail on our efforts to support our employees and manage our business during COVID-19. He will also provide an update on the execution and results of our financial and operating review initiatives. Bob will then review our financial performance and liquidity before Andy offers some final remarks. We will then open up the call to your questions. Since the beginning of the COVID-19 pandemic in March, the primary focus of the entire Residual Management Team and Board has been safety. We moved swiftly in response to the COVID-19 pandemic with the goal of best safeguarding our employees, professional installers, and customers. Protecting their health and well-being will remain a priority for us, combined with business continuity. At the same time, like many others, we are right-sizing our cost structure to reflect today's uncertain times and taking steps to strengthening our liquidity and balance sheet. Much of this work began end of last year, resulting from our financial and operations review, so we were able to mobilize quickly. COVID-19 has undoubtedly created economic and business disruption around the globe, Thanks, Mike, and thanks to everyone for joining us today.