Vertiv Holdings

Good morning. My name is Jordan and I'll be your conference operator today. At this time, I'd like to welcome everyone to Vertiv's first quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. Please note this call is being recorded. I'd now like to turn the program over to your host for today's conference call, Lynn Maxiner, Vice President of Investor Relations.

Great. Thank you, Jordan. And good morning and welcome to Virta's first quarter 2024 earnings conference call. Joining me today are Virta's Executive Chairman, Dave Cody, Chief Executive Officer, Gio Albertazzi, and Chief Financial Officer, David Fallon. Before we begin, I'd like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of Virta's. These forward-looking statements are subject to material risk and uncertainty that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release, and you can learn more about these risks in our annual and quarterly reports and other filings made with the SEC. Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. During this call, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in our earnings press release and in the investor slide deck found on our website at investors.verted.com. With that, I'll turn the call over to Executive Chairman Dave Cody.

Well, we're pleased to bring a very good morning to our investors. Our performance continues to strengthen, demand is clearly accelerating, and we're well positioned to capture the growth and to deliver great returns for our investors. We demonstrated the flexibility of our capital deployment strategy, initiating an opportunistic share we purchased in the first quarter, and our current cash flow generation profile provides wonderful opportunity. We've made great progress, but our focus is on how much further we still have to go. You and the team are working process improvement everywhere. Hard work doesn't pay off without results, so you will see the results in the orders and sales growth, profitability, and cash generation. We intend to build a track record of consistency over many years. We're well positioned to further differentiate and gain competitive advantage with the technology shifts underway in the data center industry. Our goal is not just to be better than we were last year, or the year before, but to be better than everyone at serving our customers and running our business at world-class levels. Essential to accomplishing that is creating a high-performance culture. We can't be great without it. That high-performance culture is starting to take hold and we are still very early on this journey. I'm excited about the year ahead. We started off strong and I'm more excited about 2025 and beyond and the opportunity we have to continue to create tremendous shareholder value. We ain't done yet. I'm also enjoying my discussions with Gio. He ends each meeting saying, for my next trick, and it's working, and I'm enjoying it. So with that, I'll turn the call over to Gio.