Core Molding Technologies Inc

Good morning, everyone. Welcome to the Core Molding Technologies Fiscal 2026 Second Quarter 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. As a reminder, this conference call is being recorded. I want to now turn the call over to Sandy Martin, three-part advisors. Please go ahead.

Good morning, everyone. Thank you for joining us for the Core Molding Technologies conference call to review our fiscal 2026 second quarter results. Joining me on the call today are the company's president and CEO, Eric Palomaki, and CFO Alex Panda. This call is also being webcast and can be accessed through coremt.com via an audio link on the investor relations events and presentations page. Please be advised that any time sensitive information may no longer be accurate as of the date of any replay or transcript reading. Thank you for joining us. Actual results may differ materially from those expressed or implied, and today's earnings release includes our forward-looking disclosures. Risk factors and other uncertainties are described in detail in the company's filings with the Securities and Exchange Commission. Core Molding Technologies assumes no obligations to update or revise any forward-looking statements publicly. Management will refer to non-GAAP measures, including adjusted EPS, adjusted EBITDA, free cash flow, and return on capital employed. Reconciliations to the nearest GAAP measures are available at the end of our earnings release, which has been submitted to the SEC on Form 8K. Now, I would like to turn the call over to President and CEO, Eric Palomaki. Eric?

Thank you, Sandy. Good morning, everyone. Before we cover progress on our initiatives and second quarter results, I'd like to share the core story is being featured this month in the American Executive Magazine. The article highlights our transformation from a turnaround story into a growing execution-driven enterprise. As we reflect on more than 30 years of operational progress in a cyclical industry, we see how the foundation we built positions us for continued success. Looking ahead, we do so with confidence, excitement, and momentum as we pursue the opportunities before us. Additionally, I want to remind everyone that we are hosting an investor day in September. We look forward to welcoming both our longstanding shareholders and prospective investors to see firsthand the value we create every day. And yes, they'll also get a chance to look close at the scale of our operation, including some truly impressive manufacturing equipment. Now, turning to our second quarter results, we delivered solid performance that reflects the continued resilience of our diversified portfolio and the ongoing execution of our Invest for Growth strategy. We continue to build on our commercial momentum, securing nearly $26 million of net wins in the first half of 2026 and remaining on track to achieve our full-year objective of $50 million in additional new business awards. Over the past two years, we have secured more than $112 million in new business wins. A growing number of these awards are now moving into production across a number of end markets. While many of our programs have longer quote to cash cycles, we continue to gain traction with customers seeking our SMC compound as their proprietary advanced composite materials. Producing this raw material compound typically offers shorter commercialization timelines. To support our top-line momentum and to capitalize on the growing sales pipeline, we strategically added two business development managers, one dedicated to the construction and agricultural markets, and another focused exclusively on expanding relationships with customers seeking proprietary SMC compounds. We remain focused on broadening our presence in attractive, new, and addressable markets, and our team continues to identify and engage new customer opportunities every day. This year's must-win battle includes our greenfield build in Monterrey, Mexico, where construction was completed in less than nine months, both on time and on budget. Our Monterrey facility is now in production of structural foam, structural web, and DCPD products, including installed prime paint and topcoat paint application systems. Turning to our facility in Matamoros, which will be on full display at our Investor Day in September, The plant expansion continues to make impressive progress and will increase our large molding capacity with two additional 4500 ton machines during the second half of 2026. Importantly, our Mexico project installations and footprint optimization have not disrupted our existing operations and progress. Throughout this process, we have maintained flawless customer delivery and quality performance, demonstrating our team's ability to successfully execute significant growth initiatives without compromising operational excellence. I am incredibly proud of and grateful for our team's hard work, long hours and unwavering commitment to making this achievement possible. Together, these strategic investments, totaling $25 million across our Mexico operations, position us closer to our customers and align our business to capitalize on long-term growth opportunities. Operationally, our focus on disciplined execution continues to deliver results. During the quarter, we achieved 99.2% on-time delivery and a quality performance of 49 parts per million. Our quality performance was 49 PPM, meaning fewer than 50 defective parts for every 1 million parts produced. This level of performance is considered top tier within the automotive supply chain and compares favorably with the quality expectations of leading OEM customers. Simply put, more than 99.995% of the products we ship meet customer requirements. These results reflect a strong focus on repeatable operational excellence, a culture of continuous improvement, and the dedication of teams across all our facilities. This operational discipline has enabled us to improve profitability, diversify our business, expand into new markets, and continue investing in productivity, capacity and continuous improvement innovations. New business wins totaling nearly 26 million in the first half of 2026 continue to transform and diversify core molding sales profile. These awards further broaden our revenue base, reducing our exposure to historically cyclical end markets such as trucking and power sports, which improves our consistency of earnings. Importantly, 100% of our new business awards this year represent new opportunities rather than replacement programs, and approximately 65% originated outside of our traditional truck and power sports markets. 74% of this business will be produced with our existing US manufacturing footprint, allowing us to leverage installed capacity, improve returns on invested capital, drive profitable growth and generate stronger cash flow. As we have previously discussed, our team has secured approximately 112 million in incremental new business awards over the past 24 months. providing a clear line of sight to production revenue opportunities that could exceed $300 million in 2027. Just as importantly, many of these programs are supported by long-term customer relationships and sole source production of highly engineered components. This gives us visibility into demand, confidence in our growth trajectory, and a strong foundation for creating sustainable long-term value for our shareholders. With that, I'll now turn the call over to Alex to review the financials and more details. Thank you, Eric, and good morning, everyone.