Acuren Corporation

Hello and welcome to Acura Incorporation's second quarter 2025 earnings conference call. Currently, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference call, you may press star then zero on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Andrew Shen, Director of Investor Relations. Thank you. You may begin.

Thank you, operator. Good morning, everyone, and thank you for joining the call. Joining me on the call today for prepared remarks are Tal Paise, Accurans CEO, Kristen Schultes, Accurans Chief Financial Officer, and Robbie Franklin, Accurans Executive Chairman. In addition, Sir Martin Franklin, Accurans Co-Chairman, and Ben Harad, Accurans President and Chief Operating Officer, will be joining us for the question and answer session. Before we begin, I would like to remind you that certain statements in the company's earnings press release and on this call are forward-looking statements, which are based on expectations, intentions, and projections regarding the company's future performance, anticipated events or trends, and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks. uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In our press release and filings with SEC, we detailed material risks that may cause our future results to differ from our expectations. Our statements are as of today, August 14, 2025, and we undertake no obligation to update any forward-looking statements we may make, except as required by law. As a reminder, we have posted a presentation detailing our second quarter financial performance on the investor relations page of our website. Our comments today will also include non-GAAP financial measures and other key operating metrics. The required reconciliations of non-GAAP financial metrics can be found in our press release and our presentation. Before we begin, let me outline the agenda for our call. Powell will cover business performance and key operational highlights. Kristen will review our financial results and discuss the NV5 transaction. Robbie will share strategic context on our integration priorities and discuss the opportunities ahead for the combined organization. It's my pleasure to now turn the call over to Tao.

Thank you, Andrew. Good morning, everyone, and thank you for your continued interest in Acuron. Welcome to our second quarter 2025 earnings call. I am proud to share that our second quarter demonstrated the strength and resilience of our business model as we delivered year-over-year top-line growth and stable adjusted gross margins. This was achieved while successfully completing our transformational acquisition of NV5, which marks a major milestone in Akron's journey as the market leader in testing, inspection, certification and compliance, or TIC, and engineering services. Our team's unwavering focus on operational excellence, reliability, and safety enables us to build upon our stable foundation. We continue to expand Share of Wallet with existing customers and win new accounts, positioning Akurin for continued momentum into the second half. There are three key takeaways I want to emphasize today. Our solid business performance, our success with integrated solutions, and our transformative combination with NV5. First, our team delivered steady revenue growth, adjusted gross profit, and solid adjusted EBITDA margin performance in the second quarter. We saw sustained momentum among existing customers and continued to secure new customers. Our call-out activity, which addresses urgent customer needs, was particularly strong in Q2. The essential and mission-critical nature of our asset integrity services continues to drive demand, even when customers are selected with capital spending and operating budgets. Our business fundamentals remain strong, and we believe Accuron is well-positioned for continued growth. Second, I'd like to share a couple examples where Accuron's integrated service offerings have created a differentiated turnkey solution for our customers. Akron was recently awarded the NDT maintenance work at a new LNG facility. Our local NDT leadership recognized the opportunity to cross-sell additional services. We supported the customer through baseline inspections where we identified design and construction flaws, but we also performed remediation services to support the successful plant startup, substantially increasing our contract value. In another example of integrated service offerings, we recently completed the recoding and repair of a gas distribution line suspended from a bridge. The project included accurate engineering design for a suspended platform in coordination with the local transportation authority. The scope of work included laser ablation to remove existing coatings, mechanical replacement of pipe hangers, rope access platform installation, ultrasonic testing to verify pipe integrity, and final coating application. This work was led by Acurin's engineering team, supported by rope access mitigation services and NDT crews. Following successful delivery, Acurin was sole sourced for a larger, similar project in a new jurisdiction based on our reputation for this new turnkey infrastructure work. These two examples provide a good segue to introduce the next third takeaway. The recent combination with NV5 positions us to become a leading provider of integrated TIC and engineering services, dramatically expanding our ability to deliver complementary solutions to a broader customer base and creating substantial cross-selling opportunities. In the asset integrity management business, Further connectivity between engineering, inspection, and mitigation will allow us to offer compelling turnkey solutions to our expanding end markets. Before turning to Kristin, I want to recognize our dedicated team members. Their professionalism, safety mindset, and commitment to our customers, especially during this period of transformation, are what makes Accuryn unique. At Accuryn, a higher level of reliability isn't just a tagline. It's core to our culture, guiding how we operate every day. Reliability builds trust, ensures stability, and delivers consistent results to our customers, teammates, and investors, independent of the macroeconomic environment. With that, I'll now hand the call over to Kristin to walk through our financial performance in greater detail.