Good afternoon, ladies and gentlemen, and welcome to the ManTech Q1 fiscal year 2022 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. If anyone should require assistance on the conference, please press star then zero on your touch tone telephone. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Stephen Vather, Vice President, Corporate Development and Investor Relations. Please go ahead, sir. Welcome, everyone. Thanks for participating on ManTech's Q1 call. Joining me today is Kevin Phillips, our Chairman, CEO, and President, Judy Bjornaas, our CFO, and Matt Tait, our COO. During this call, we will make statements that do not address historical facts, and thus are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to factors that could cause actual results to differ materially from the anticipated results. For a full discussion of these factors and other risks and uncertainties, please refer to the section entitled Risk Factors in our latest Form 10-K and our other SEC filings. We undertake no obligation to update any of the forward-looking statements made on this call. On today's call, we'll discuss some non-GAAP financial measures which we believe provide useful information for investors. These non-GAAP measures should not be evaluated in isolation or as a substitute for GAAP performance measures. You can find a reconciliation of the non-GAAP measures discussed on this call in our Q1 earnings release. With that, let me hand the call over to Kevin. Thanks, Stephen, and good afternoon, everyone. Thank you for joining today's call. I'm pleased with ManTech's healthy start to the year. Our Q1 results were above our expectations and demonstrated solid execution, particularly on revenue, EBITDA, cash flow, and bookings. After the unique disruptions to our business in 2021, our Q1 results and the incrementally improving market environment give us reason to be cautiously optimistic about a return to more consistent execution for the balance of the year. Since our last call, FY 2022 appropriations were enacted, which provides our customers with the necessary clarity to decisively execute on their priorities against clear funding levels. The passage of appropriations comes at a critical point as the global threat environment has escalated meaningfully. The unprovoked Russian invasion has unleashed devastating impact on the Ukrainian people. All of us at ManTech are saddened by this humanitarian crisis, and our heartfelt sympathy and support goes out to those who have been affected. The Russian aggression over the last few months reinforces the necessity behind the national strategic pivot to focus on near-peer threats and expanding domains of warfare. The strengthening of U.S. defense and intelligence full spectrum cyber capabilities remains core to national security. Deterring and countering near-peer threats is receiving overwhelming bipartisan support, which is evident in the funding priorities in the FY 2023 presidential budget request. The recently provided FY 2023 request calls for $773 billion for defense and $94 billion for intelligence, which represent increases of 4% and 9% over FY 2022 enacted levels, respectively. More importantly than the top-line numbers are the underlying demand signals for cyber, digital and systems modernization, data at the edge, and automation. We believe ManTech is well-positioned to meet these enduring national security priorities in areas of strong demand with our differentiated solutions and capabilities. Furthermore, the current and proposed budget growth for the Navy, intelligence community, and cyber across the federal government offer long-term tailwinds to our business. After extraordinary challenges over the last eight quarters, whether from the pandemic with respect to our highly classified work, the rapid departure from Afghanistan, or more cautious behavior from customers from the last continuing resolution, the market environment appears to offer better clarity. Pandemic constraints seem to be behind us. The Afghanistan risk has been cleared, and our customers are beginning to accelerate with even some green shoots within the intelligence market. While it is early, all of these trends are favorable and should be tailwinds to our performance. As a team, we are focused on a return to delivering strong organic growth and making continued progress in retaining and recruiting highly cleared and highly skilled talent. Now I'll turn it over to Judy to cover the details of our Q1 financial performance and outlook. Judy. Thanks, Kevin. We delivered strong performance to start the year, setting the foundation for continued steady execution throughout 2022. Revenue for the quarter was $676 million, reflecting 7% growth compared to Q1 of 2021. Q1 revenue came in ahead of expectations, driven by better than expected direct labor contributions and an uptick in ODCs. Furthermore, revenue growth was bolstered by contributions from our recent acquisitions. Q1 EBITDA was $66 million, up 7% year over year. Resulting EBITDA margin was 9.7%, which is flat compared to Q1 of 2021. Margins were also ahead of our expectations and were driven by excellent program execution. Net income for the quarter was $31 million, and diluted EPS was $0.76. Both figures were down over Q1 2021 due to higher intangible amortization expense from our recent acquisitions. Adjusted net income was $37 million, and adjusted diluted EPS was $0.89, both up 1% from Q1 of 2021. Our effective tax rate in the quarter was 25%. Turning now to the balance sheet and cash flow statements. Cash flow from operations was $34 million in the quarter, which represented 1.1 x net income and was driven by a strong DSO of 63 days, an improvement of 5 days from the Q4 of 2021. At quarter end, the balance sheet showed $60 million in cash and $300 million of debt. On the capital deployment front, we distributed $17 million in dividends in Q1, maintaining a steady return of cash to shareholders. The board has authorized us to continue our current cash dividend of $0.41 per share to be paid in June. Our balance sheet remains flexible and leverage is well within our comfort level. M&A remains our preferred capital deployment priority, and we are tracking potential targets that could be actionable over the next few quarters. Moving on to guidance, we are reiterating our previously communicated guidance across all measures. Just to refresh you on our expectations for 2022, our revenue guidance is $2.6 billion to $2.7 billion, representing 2% to 6% growth year-over-year. At the midpoint, we expect approximately 90% of our revenue to come from backlog, with the balance largely coming from add-ons, mods, and recompetes, as well as a smaller contribution from new business. We continue to chip away at recompete risk through wins in the quarter, as well as securing multiyear extensions. The revenue trajectory for the balance of the year should be relatively even quarter- to- quarter, with a slight step-up in the H2 of the year as we begin to enjoy more fulsome revenue contribution from recently won contract awards. For margins, our guidance continues to assume an EBITDA margin of 9.6%. As a reminder, 2022 margins assumes the normalization of indirect spending and excludes non-reoccurring tailwinds enjoyed in 2021. Turning to our bottom line, we continue to expect our adjusted net income to be in the range of $141.3 million to $148.5 million with adjusted diluted EPS of $3.42 to $3.60. These ranges still assume an effective tax rate of 25.2% and a fully diluted share count of approximately 41.3 million shares. Finally, cash flow from operations is still expected to be at least $215 million, with capital expenditures expected to be 1.5% of revenue for the year. Now, I'll turn the call over to Matt to cover the business development and operational highlights in the quarter. Thank you, Judy. In the quarter, we booked $464 million in contract awards, resulting in a book-to-bill of approximately 0.7 x. Bookings in the quarter were driven largely by new business, which accounted for approximately 2/3 of the awards in the quarter. Notable awards in the quarter include several new contracts supporting classified customers with full spectrum cyber operations capabilities and solutions. While I cannot comment on the specific nature of the awards further, this renewed momentum is what backstops our belief that ManTech has a differentiated market position to capitalize on continued cyber demand over the long term. Additionally, in the quarter, we won a models-based system engineering OTA with the Navy, which only further reinforces our long-term thesis around acquiring Gryphon. This contract award provides us a new avenue to showcase the breadth of our digital engineering capabilities to a number of new Navy customers. In Q1, we officially completed the integration of Gryphon and are now squarely focused on leveraging the combined strength of our customer relationships and capabilities across the defense market. Our total backlog exiting Q1 was $10.3 billion, and funded backlog was $1.4 billion. We are continuing to aggressively prosecute our pipeline and had solid proposal submissions to begin the year. We exited the quarter with approximately $6 billion in proposals outstanding, which has a healthy mix of new business and recompete opportunities. The awards environment is incrementally improving with an opportunity for further normalization. With the pandemic restrictions lifting, we are seeing our intelligence customers invite face-to-face interactions, a welcome change as we look forward to re-accelerating growth in a core market for us. Overall, we are pleased with progress to date in both the market environment and our performance. We are firmly confident in ManTech's positioning and value proposition to customers and talent alike. Our steadfast focus remains on driving strong operational performance through delivering excellence for our customers, as well as retaining and attracting talent. Kevin, back to you for closing remarks. Thanks, Matt. In closing, for over 50 years, we have prided ourselves on doing what is in the best interest of our nation and our customers. I genuinely thank our employees for their enduring commitment and thank our customers for trusting ManTech to advance their critical missions. With that, we are now ready to take your questions. Thank you. Ladies and gentlemen, if you have a question at this time, please press the star then the one key on your touchtone telephone. If your question has been answered or you wish to remove yourself from the queue, please press the pound key. As a reminder, please limit yourself to one question and one follow-up. If you have additional questions, please re-enter the queue. Now, first question coming from the line of Tobey Sommer with Truist Securities. Your line is open. Thank you. Good afternoon. I was wondering if you could describe the factors that kind of drove the improvement in growth in the quarter and then maybe dovetail that into the rate of growth implied in the annual guidance in any sort of nuance and cadence. Thank you. Sure. I would say, you know, we had really strong DL in the quarter, and then ODCs moving to the left was about 60% of the beat. As you saw, we did not change the guidance. We would expect a slight dip in Q2 just to overcome the, you know, the ODCs that came in early and then a slight step up in the H2 of the year as new business starts to ramp up. For my follow-up, I was curious, you mentioned looking at some acquisitions that, you know, may be something over the next several quarters. How would you characterize the M&A market and what you're seeing, both in terms of quality as well as valuations? Yeah, I think, you know, I think there's still some really good companies out there. The market's a little slow right now given the heavy level of activity in 2021. So, you know, we're aware of opportunities coming and things that we are interested in. But it's probably gonna be H2 of the year. Valuations, I think we'll have to see what happens because it has been so quiet right now. But I don't see anything that's implying that valuations are gonna drop meaningfully. Okay. I'll try to respect the rules and get back in the queue. Thanks. Okay. Our next question coming from the line of Gautam Khanna with Cowen. Your line is open. Gautam, we can't hear you. Oops. Still no luck, Gautam. Please check your mute button. Would you like me to go to the next question in queue, sir? That works. Back in, Gautam. Our next question coming from the line of Bert Subin with Stifel. Your line is open. Hey, good afternoon. Hello. Hello. I guess my first question, how has your customer exposure changed over the past year? I appreciate that you obviously had the drawdown in the Middle East. I'm just curious how that's changed and how you expect it to continue changing from here. I think our customer exposure, you know, writ large is, you know, in the macro, is still steady. You know, I mean, our, you know, intelligence, you know, and defense are still, you know, the franchise positions for us, you know, within the industry, that we're, you know, staying with. We don't see anything, any macro appreciable change there. Okay. I don't know if Judy, I didn't hear this in your prepared remarks, but can you say how Gryphon performed on a revenue basis during the quarter? Or I guess, put another way, can you say what your organic growth was during 1Q? Yeah. You know, as I mentioned on the last call, our organic growth for the full year is expected to be negative mid-single digits. Q1 is in line with that. Okay. Thank you very much. Uh-huh. Our next question coming from the line of Mariana Perez Mora with Bank of America. Your line is open. Good afternoon, everyone. Hello. Hello. My question is gonna be, you mentioned in the prepared remarks how encouraging are both, like, the recent appropriated FY 2022 budget and the request. How fast can we see the higher defense spending impact your top line? It's Kevin. Let me briefly comment on that. Look, it's gonna be choppy. I think that directionally the funding is there. The FY 2023 view is very positive. We have to see how the actual execution of procurements and decisions move. They're starting to move. We're very optimistic about that, but the timing is pretty uncertain right now. With that, Matt, do you have any other comment you wanna add? No, I think, you know, a couple things, you know, is that, you know, we're seeing incremental improvement, you know, especially, you know, in the intelligence area. You know, a lot of, you know, I'd say in terms of, submissions, right? Feels like that's really gotten close to normal back again in that neck of the woods. In terms of, I think they're still not fully up to speed yet on the adjudication side. Positive progress, and we're encouraged by what we've seen so far. Perfect. My follow-up is also related to that. You mentioned some improvement in the award and adjudication environment. Could you please give us some color around that and what you saw in the quarter and how has that changed or improved so far this quarter? Yeah, sure. While we don't have a crystal ball to give you know, a prediction on the quarterlies, we are happy with the bookings in the Q1 especially. That's really in line with you know, what we would view as a seasonally softer quarter. You had the CR, you know, that really covered, you know, the majority of Q1. With the $6 billion that we have in proposals outstanding, much of that is, you know, expected adjudications over the next several quarters. Anyways, as you heard in the remarks, right, with a healthy mix of new and recompete business. You know, excited about the trends, but obviously, you know, we're still being conservative in terms of how we view. Our next question coming from the line of Tobey Sommer with Truist Securities. Your line is open. Thank you. Wanted to ask a broad question about your view of the budget and sort of more medium-term impact of the Russia-Ukraine war on that process. As you look into federal fiscal 23, do you have any kind of tentative expectations relative to growth in considering all this inflation and relative smoothness of the budget process if we juxtapose it with this year's budget that took, you know, six months and a war to catalyze? When you speak about, you know, Ukraine, you know, I think, for us, you know, the EUCOM support is really not a meaningful part of our portfolio. We view it more as a potential opportunity for growth, you know, given the focus of near peer threats, you know, and the capabilities that are applicable to those mission sets. That's kinda how I'd say we view that within the context of Ukraine. I mean, that's a terrible situation, obviously. We obviously, you know, our hearts, you know, go out to the folks involved there. In terms of, you know, in terms of that now and the macro environment from a budget perspective, you know, I'll pass it over to Kevin if he's got any additional comments there. Yeah, thanks, Matt. Look, directionally, bipartisan support for countering China, supporting Ukraine, you can see the shift in the federal budget drive in terms of more defense and intelligence. I think that's likely to stay for the foreseeable future. Now how that plays out, again, I think we're pretty well positioned, but we need to see how it plays in terms of the final numbers, just like all of our industry, to see where those monies shift and where we're positioned to take them on to provide you a longer term view of the upside in the business. Directionally, I think for all of our industry, the environment is getting better, not worse, which is the key takeaway. Right. Thank you. With respect to margins and incremental profitability at the company, as growth does improve, is there anything we should think about in terms of the incremental profitability being different than in prior periods when you might have had, you know, better rates of organic growth given the sort of margin tailwinds that occurred over the last couple years as well as, you know, headwinds of labor inflation, that kind of thing? Yeah, I think, you know, we're still committed to our 10 to 15 basis points improvement in margins over the next couple of years from kind of this new 2022 baseline. Even with those variables. Okay, thank you very much. Our next question coming from the line of Gautam Khanna with Cowen. Your line is open. Hey, can you hear me guys? Yep. Yes, gotcha. Okay, sorry about that earlier. Yeah. I was hoping maybe Judy, you mentioned in the prepared remarks that ODCs were a little higher, I assume, than expected. There was a pull forward or something. Yeah. I'm wondering if you could quantify that. Just to your point on, you know, this is sort of the run rate. Obviously, you take $675 million multiply times 4, you get to $2.7 billion. Are there any things that are rolling off, you know, besides this ODC thing? Is there anything that maybe is rolling off that's, you know, dampening what should be, you know, I think a seasonally better Q2 and Q3? Right. Just based on seasonality? Yeah. I think, you know, I mentioned about 60% of the beat from the ODC, so that's roughly $20 million of pull forward. You know, I don't think any of it was really new or unexpected. You know, DL was running a little bit higher than we expected just from, I think, higher utilization rates. We did have, I think we talked about at the year-end call, there was a little bit of runoff in some of the Department of State work in the beginning of Q2, but it was really nominal. It's not a driver of Q1 performance. Okay. In Q1, you know, the whole country was beset with COVID in January. I'm surprised DL was as strong as it was in the Q1. Did that not bite you guys or? We had, you know, a little bit in the beginning of January, but I think, you know, we recovered well. Our people take good precautions, and it really wasn't much of an impact. It was definitely in December, but January was kind of after the first week or so was kinda back to business as usual. Okay. Just given, you know, the late passage of the DoD budget, you know, in March and the use it or lose it kind of nature of some of the O&M dollars, do you expect Q3 to have, like, a big budget flush for ODCs or anything else? Or, I mean, should we just conclude that, hey, it's gonna be a year where the customer sends money back to the treasury? I'm just curious how you're- Yeah, Gautam, it's Kevin. I think that we're all focused on how that funding will be spent. Yeah. I hope that for 2023, and it looks like at regular order, we'll start planning a little bit just to be responsive to the global needs. I would just say it'll be supporting, but we're ready to support our customers in any way to help them in obligating and supporting critical missions. Okay. Just lastly, you guys have talked about 90% of the sales visibility and backlog. Can you remind us on the recompete exposure over the next, I mean, 12 months, maybe 24 months as well? Just to calibrate us. The balance of the year is really kind of back-end loaded, and I think, you know, the total of this year into next year, it's kind of that normal 20-25%. Are there any chunky, concentrated recompetes? You know, anything worth, like, 5% of sales or? No, none of our contracts are greater than 5%. Okay. Cool. Thank you very much, guys. Yeah. I appreciate it. No problem. Yep. Thanks, Kevin. Thank you. Our next question coming from the line of Bert Subin with Stifel. Your line is open. Great. Thanks. Just had one follow-up, so thank you. Kevin, in regards to the comments you were making on the FY 2023 budget, can you specify how you're actually planning for 2023? Are you expecting a CR run, you know, well into the calendar year similar to what we saw last year? Well, two parts of that. I think on the appropriation side, as well as the authorization, there's more rapid moving and movement in trying to get towards decisions and conclusion, in both sides of the aisle. Now, how that plays out in terms of preparedness and timing, I think it will be quicker than this year, but we don't know how it's gonna play against the overall election season. In my head, it's gonna be December, January timeframe, but we'll have to see how it plays out. I would say there's more urgency on getting something done, just based on the global environment, but still recognizing that there's other factors at play. Okay. Understood. Thanks for the follow-up. As a reminder, to ask a question, please press star one. Our next question coming from the line of Mariana Perez Mora with Bank of America. Your line is open. Thank you very much for the follow-up. If you don't mind, could you give us some color around the labor market, how it's hiring for you in the moment? Sure. Yeah. You know, I think, you know, it's a competitive market. I think we feel like, you know, we're kind of back to the future in terms of what we're seeing as pre-pandemic normals in terms of the market. It's competitive. But again, you know, because, you know, we see things like our Glassdoor ratings are solid and all the other programs that we're doing from a hiring perspective. You know, I'd say in the macro, right, the environment's always been competitive, so I wouldn't say there's like a big change. It just feels like it's gone back to a pre-pandemic view of the market. Thank you. I am showing no further questions at this time. I'll turn the call back over to Stephen Vather. Great. Thanks, Livia. Thank you all for joining us on today's call and for your interest in ManTech. As usual, the senior team and I will be available for any follow-up questions that you might have. Thank you, and have a good evening. Ladies and gentlemen, this does conclude today's conference. Thank you for your participation, and have a wonderful evening. You may now disconnect.