Apogee Enterprises, Inc.

a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Nick Manganiello. Please go ahead.

Thank you. Good morning and welcome to Apogee Enterprises' fiscal 2026 first quarter earnings call. Please note there are slides to accompany today's remarks. These are available in the investor relations section of Apogee's website. During this call, the team will reference certain non-GAAP financial measures. Definitions of these measures and a reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck that were issued this morning. As a reminder, today's call will contain forward-looking statements. These reflect management's expectations based on currently available information. Actual results may differ materially from those expressed today. More information about factors that could affect Apogee's business and financial results can be found at today's press release and in the company's SEC filings. On the call today are Ty Silberhorn, Apogee's chief executive officer, and Matt Osberg, the company's chief financial officer. Ty will start the call with a review of the company's Q1 results, then discuss the outlook for fiscal 2026. Matt will then provide additional details on the quarter and the full year outlook. With that, I'll turn the call over to Ty.

Thanks, Nick. Good morning, everyone. Our first quarter results exceeded our expectations, demonstrating that we are building positive momentum through our operational actions and renewed focus on growth. Revenues came in stronger than we expected, led by glass and services, which also contributed to the bottom line. Services had significant net sales growth for the fifth consecutive quarter. as we continued to leverage our recent capacity investments to enable growth. Metals gained top-line momentum as we progressed through the quarter. While increased tariffs did impact our results in both metals and services, we continued to successfully execute our mitigation plans. Barring any material change in trade policy, we expect to substantially mitigate the impact of tariffs on the second half of our fiscal year. During the quarter, we also took aggressive actions under the second phase of Project Fortify, which will drive $13 to $15 million of annualized savings. Looking ahead, we are raising our fiscal year outlook for both revenue and earnings as we're building positive momentum in three key areas. Metals made solid sequential improvement from Q4, and we expect continued sequential improvement in our Q2, raising their margin performance with operational improvement, cost, and price actions. Second, the revenue pipeline for glass is picking up and positioning that segment for revenue growth beginning in Q3 and into Q4. Performance surfaces not only grew in Q1 as we continue to benefit from the inorganic contribution of UW solutions, but also continues to execute well and is driving their sales pipelines across the portfolio. We expect performance surfaces to deliver strong inorganic and organic growth during the rest of our fiscal year. This will be driven by industrial flooring, and renewed distribution gains for their legacy glass and acrylic products. Additionally, our recent investments in capacity expansion and the acquisition of UW solutions leverage our core technical strengths to expand our market reach and broaden our product offerings. Now, from a macro perspective, while market challenges remain, we continue to focus on what we can control. We are improving our outlook through the success of our tariff mitigation efforts. We continue to drive productivity through AMS. We are taking aggressive actions on Fortify phase two, and we continue to work our acquisition pipeline to expand our reach through new offerings and new geographies. We continue to see solid M&A opportunities that support our strategy and would be accretive to our long-term financial profile. Based on the Q1 results and our forecast for the rest of the year, we are pleased to raise our fiscal year outlook for net sales and EPS as we build momentum for what we expect will be a strong second half. This will likely be driven by performance surfaces in organic and organic growth as well as improved glass results. We remain focused on sustaining the progress we've made, executing our enterprise strategy, and we are striving to deliver near-term results while continuing to invest in long-term growth opportunities. With that, I will turn it over to Matt.