Allient Inc.

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 a touch-tone phone. To withdraw your question, please press star and then two. Please note that this event is being recorded. I would now like to turn the conference over to Craig Mihalik, Investor Relations. Please go ahead.

Thank you, and good morning, everyone. We certainly appreciate your time today as well as your interest in Alliant. Joining me today are Dick Rosella, our Chairman, President, and CEO, and Jim Michaud, our Chief Financial Officer. Dick and Jim will walk you through our first quarter 2025 results, provide a strategic update, and share our outlook. We will then open up to call for a Q&A. You should have a copy of the financial results that were released yesterday after the market closed. If not, you can find it at our website at Alliant.com. along with the slides that accompany today's discussion. If you're reviewing those slides, please turn to slide two for the Safe Harbor Statement. As you are aware, we may make forward-looking statements on this call during the formal discussion as well as during the Q&A. These statements apply to future events that are subject to risks and uncertainties as well as other factors that could cause actual results to differ materially from what is stated on today's call. These risks and uncertainties and other factors are discussed in the earnings release as well as with other documents filed by the company with the Securities and Exchange Commission. You can find these documents on our website or at sec.gov. I want to point out as well that during today's call, we will discuss some non-GAAP measures, which we believe will be useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of non-GAAP to comparable GAAP measures in the tables accompanying the earnings release as well as the slides. So with that, please turn to slide three, and I'll turn it over to Dick to begin. Dick.

Thank you, Craig, and welcome, everyone. We began 2025 with solid momentum, delivering meaningful sequential growth across revenue, margins, EBITDA, earnings, and cash generation. These results reflect the operational and strategic discipline we've instilled across the company and our commitment to driving long-term value even amid a complex external environment. As expected, year-over-year comparisons were challenging, particularly due to continued demand softness in the industrial automation and vehicle markets. However, our performance this quarter is a clear indicator that our strategy is gaining traction and that our execution is strengthening. We are building a more resilient and responsive company. Revenue increased 9% sequentially, and gross margin expanded 70 basis points to 32.2%, driven both by volume and mix improvement. Operating margin rose 130 basis points sequentially to 6.6%, and adjusted EPS increased nearly 50% from quarter four, reaching 46 cents per share. Our Simplify to Accelerate Now program continues to serve as a cornerstone of this transformation, driving efficiency, improving responsiveness, and positioning us to scale. It is enabling us to realign resources with demand, improve collaboration across functions, and streamline production for both near-term performance and long-term growth. We continue to navigate a dynamic global landscape with focus and agility. The steps we have taken to reinforce operational flexibility are allowing us to act decisively, whether that means strengthening our supply chain, securing alternate sources of supply, or managing inflationary pressures. In parallel, we have taken deliberate steps to reduce exposure to geopolitical risks, especially around tariffs and rare earth magnet sourcing, which has become more complex due to China's export restrictions and high-performance magnets. I will speak more about our mitigation strategy during my closing remarks. Strategically, we remained aligned with the growth themes shaping our markets, electrification, energy efficiency, automation, and infrastructure investment. These are long-term trends, and we believe Alliant is well-positioned to capitalize on them. With that, let me turn it over to Jim for a more in-depth review of the financials.