Exela Technologies, Inc. (XELA) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Accela Technologies first quarter 2024 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Vincent Condoviti, Head of Investor Relations. Please go ahead. Thank you, Gary, and good afternoon. Welcome to our earnings call to discuss our first quarter results for the period ended March 31, 2024. Our presentation was uploaded to the IR section of our website. Matt Brown, our interim CFO, will be hosting the call. PAR unfortunately had some travel delays and can't dial in. Today's agenda will largely follow PAR calls with management commentary followed by Q&A. Some of the matters we will discuss in today's call are forward-looking and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those in such forward-looking statements. Such risks and uncertainties are set forth in our presentation. So with that, I'll turn it over to call to Matt. Matt? Good afternoon, everyone. Let's move to slide eight, financial highlights. We reported first quarter revenues of $258.8 million, down 5.4% year-over-year, or 4.3% pro forma for the sale of the high-speed scanner business. Information and transaction processing solutions declined by 9% year-over-year, offset by growth in our healthcare solutions and legal and loss prevention services segments by approximately...