Comtech Telecommunications Corp.

Ladies and gentlemen, thank you for standing by. Welcome to ComTech Telecommunications Corp third quarter fiscal 2021 earnings conference call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. At that time, if you have a question, you will need to press the star and one on your push button phone. As a reminder, this conference is being recorded Tuesday, June 8th, 2021. I would now like to turn the conference over to Mr. Jason DiLorenzo of ComTech Telecommunications. Please go ahead, sir.

Thank you, and good afternoon. Welcome to the ComTech Telecommunications Corp conference call for the third quarter of fiscal year 2021. With us on the call today are Fred Kornberg, Chairman of the Board and Chief Executive Officer of ComTech, Michael DePorcelin, President and Chief Operating Officer, and Michael Bondi, Chief Financial Officer. Before we proceed, I need to remind you of the company's safe harbor language. Certain information presented in this call will include, but not be limited to, information relating to the future performance and financial condition of the company, the company's plans, objectives, and business outlook, and the plans, objectives, and business outlook of the company's management. The company's assumptions regarding such performance, business outlook, and plans are forward-looking in nature and involve significant risks and uncertainties. Actual results could differ materially from such forward-looking information. Any forward-looking statements are qualified in their entirety by cautionary statements contained in the company's securities and exchange commission filings. I am pleased now to introduce the Chairman and Chief Executive Officer of CompTech, Fred Kornberg. Fred?

Thank you, Jason. Good afternoon, everyone, and thank you for joining us on this call. Today, we will be discussing the results for our third quarter of fiscal 2021. and our outlook for the full fiscal year. Let me just start this call by saying what I hope will be last words about COVID-19. As you would expect from the news headlines around the world, COVID-19, while clearly receding in the United States, is still a challenge for certain international countries. Normal operations have not really yet resumed, and international business travel is still almost impossible. Nevertheless, as you see from our announcement this afternoon, our operating performance of the third quarter of fiscal 2021 was very solid. Our third quarter net sales were 139.4 million, with adjusted EBITDA of 17.7 million. We look to a strong fiscal 2021, and we now estimate that fiscal 2021 consolidated net sales will be within a range of $580 million to $590 million. Our efforts to streamline our operations are really paying off, and we continue to target adjusted EBITDA in the range of $74 to $76 million. Based on our strong pipeline and year-to-year date business momentum, we anticipate achieving a book-to-bill ratio for fiscal 2021 in excess of 1.0. With positive signs of a post-pandemic recovery continuing, overall demand remains strong and we have recently secured important contract awards and we're excited about our future. All in all, we continue to weather the COVID storm and we continue to see the clouds lifting. Now, let me turn the call over to Michael Bondi, our CFO, who will provide additional commentary about the third quarter financial performance and our business outlook. After that, Michael Porcelain, our president and COO, will provide an update on our total business. Then I will come back before opening up the line of questions and answers to Michael.