Cognex Corporation (CGNX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Cognac's first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. It is now my pleasure to introduce your host, Gria Aviv of Investor Relations. Thank you. You may begin. Thank you, operator. Good morning, everyone, and thank you for joining us. Our earnings release was published yesterday after market closed, and our 10Q was filed this morning. On today's call, we will refer to materials available on our investor relations website. We are joined here today by Rob Willett, our CEO, Matt Moschner, our president and COO, and Dennis Baer, our CFO. Today, we plan to share several key messages with you, including the CEO transition announced yesterday, our new five-year strategic objective, our performance in the first quarter, and our expectations for the second quarter. After prepared remarks, we'll open the lines for Q&A. Both our published materials and the call today will reference non-GAAP measures. You can find a reconciliation of certain items from GAAP to non-GAAP in our press release and earnings presentation. Today's earnings materials will contain forward-looking statements including statements regarding our expectations. Our actual results may differ from our projections due to the risks and uncertainties that are described in our SBC filings, including our most recent form, NK. With that, I'll turn the call over to Rob. Thanks, Greer. Hello, everyone, and thank you for joining us. I am pleased to announce that Matt Mosher, President and COO will succeed me as CEO effective June 27th. While this may seem fast, I can assure you...