We hosted acting CEO Brad Wiemann and acting CFO Howard Atkins at the Sidoti Virtual Investor Conference this week. Discussion centered around business transformation, demand environment and management changes. We remain confident that DAKT is on the right trajectory for continued strong demand and should benefit from its transformation initiatives, which we believe will help drive cash flow that can be reinvested in the business. The company has made strides in it business transformation, and results are already starting to show. We expect the company to reap benefits in the years to come with better software systems and improved pricing, reflecting DAKT's strong value proposition. Management reiterated its expectation for revenue to grow faster than the overall market at 7%-10%, with an operating margin of 10%-12% and a return on invested capital (ROIC) of 17%-20% by F2028. Improved working capital has aided cash flow generation and boosted the balance sheet. We expect DAKT to continue to reinvest in organic growth and acquire new technologies, enter adjacent geographies and/or new end markets, and continue to buy back shares. We derive our $24 price target by applying a 20x multiple to our F2027 EPS projection of $1.24. The company's trajectory for sustained profitability, solid balance sheet and expanded cash flow support our moderate risk rating.