Bridger Aerospace Group Holdings, Inc.

Greetings and welcome to the Bridger Aerospace second quarter 2026 earnings call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Anne Hayes, CFO. You may begin.

Thank you and welcome everyone to our second quarter 2026 earnings call. Joining me today is our President and Chief Executive Officer, Sam Davis. Before we begin, I would like to take this opportunity to remind everyone that during the course of this call, management may make forward-looking statements which are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements as described in our 2025 Annual Report on Form 10-K and other filings we make with the SEC from time to time. except to the extent otherwise required by law, we undertake no obligation to revise or update any forward-looking statements. In addition, we may discuss certain non-GAAP financial measures such as adjusted EBITDA. Please refer to our earnings release for the calculation of these measures and the appropriate GAAP reconciliation. With that, I'd like to turn the call over to Sam.

Thank you, Anne, and welcome everyone. As we entered 2026, our focus was on ensuring our fleet, our technology, and our people were fully prepared for what we believed would be another active wildfire year. Today, just a few months later, we're seeing that preparation translate into execution. And I'm incredibly proud of the long hours and diligence the Bridger team has shown throughout the year so far. Our second quarter financial results were in line with our expectations. Revenue was $30.5 million. essentially flat compared to the prior year period, reflecting the timing of non-recurring return-to-service work on our Spanish scoopers in 2025. Excluding that impact, revenue increased year-over-year, which Anne will walk through in more detail shortly. First, I'd like to start with an update on some of the highlights from the second quarter. During the quarter, the U.S. Forest Service awarded us two 160-day task orders covering four of our super scoopers, the longest guaranteed task orders in Bridger's history. These orders will activate on a staggered basis into October and November, reflecting the agency's anticipated need for wildfire suppression well into the fourth quarter. Longer contract durations like these improve our fleet utilization, give us greater operational visibility, and allow us to better plan maintenance and staffing. And we believe they reflect a broader shift toward year-round wildfire preparedness among our government partners. We also deployed our most advanced platform, the King Air 350, under a Department of the Interior task order. This aircraft incorporates dual sensor capability and real-time data dissemination into a software. As wildfire response becomes increasingly intelligence-driven, we believe these aircraft are becoming force multipliers, providing incident commanders with real-time situational awareness that improves proactive decision-making throughout an incident. Shortly after quarter end, we announced a $58 million contract with the Texas A&M Forest Service to acquire, modify, and deliver three King Air 360 multi-mission aircraft over the next three years. Texas is building one of the nation's most advanced state wildfire aviation programs, and we are proud to have been selected to help design and deliver that capability. This contract is a notable example of how our opportunity extends beyond simply operating aircraft into engineering, modification, and integrated intelligence work. And we believe it represents an attractive new avenue of non-seasonal long-term growth. Also, following the quarter, we announced a collaboration with Da Vinci's, Europe's leading provider of emergency aerial services, deploying our two newest super scoopers in Portugal. We are glad to support one of Europe's most demanding fire seasons in recent history. Commitments there came somewhat later than expected, but consistent with Europe's more cautious approach to long-term contracts with private operators. This has been more than offset, however, by the demand we're seeing here with our U.S.-based super scoopers. Now let's turn to look at the fire conditions. Fire conditions today accelerated throughout the quarter with above-normal activity across multiple regions of the West. As of early August, more than 5.5 million acres have burned across the U.S. while Europe is experiencing one of its most severe wildfire seasons in years. We are currently at a preparedness level of five, the highest level on a national scale, meaning firefighting resources nationally are fully committed. We've even seen international crews mobilized to support US efforts, including more than 60 firefighters from Australia and New Zealand in recent weeks. Current drought conditions and long-range forecasts suggest this activity will continue and we expect demand for our services to remain strong through the remainder of the season. Now let me provide a quick update on IGNIS. Technology continues to be an important differentiator for Bridger. During the quarter, we expanded IGNIS through a strategic partnership with TRAC+, integrating real-time aircraft tracking, mission information and aero suppression intelligence into a unified operating picture. Over time, we believe software and data will become an increasingly valuable complement to our aviation assets. These developments reinforce our conviction that Bridger has an evolving integration into a solution that combines aerial suppression, airborne intelligence, engineering expertise, and software, not simply an aerial operator. And we believe this diversification can help smooth our revenue and earnings visibility over the long term. This provides a competitive edge to our aviation contracts, increases our utilization while we're deployed, and opens the door for standalone use of our software in the field. While the second quarter reflects the seasonal ramp up of our business, the underlying fundamentals remain strong. With demand continuing to build and our fleet fully engaged, we believe Bridger is well positioned and we remain focused on executing our mission with the utmost focus on safety and efficiency. I'd like to thank our employees for their continued dedication and vigilance in the field, and our government partners and shareholders for their continued trust and support. With that, I'll turn the call back over to Anne to review our financial results in more detail.