Bel Fuse Inc.

Good morning and welcome to the Bellevue's first quarter 2026 earnings call. At this time, 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, please press star zero on your telephone keypad. Please note this conference is being recorded. I would now like to turn the call over to Jean Marie Young with three part advisors. Please go ahead.

Thank you. Good morning, everyone. Before we begin, I'd like to remind everyone that during today's conference call, we will make statements relating to our business that will be considered forward-looking statements under federal securities laws, such as statements regarding the company's expected operating and financial performance for future periods, including guidance for future periods in 2026. These statements are based on the company's current expectations and reflect the company's views only as of today, and should not be considered representative of the company's views as of any subsequent date. The company disclaims any obligations to update any forward-looking statements or outlook. Actual results for future periods may differ materially from those projected by those forward-looking statements due to a number of risks, uncertainties, or other factors. These material risks are summarized in the press release that we issued after market close Yesterday, additional information about material risks and other important factors that could potentially impact our financial performance and cause actual results to differ material from our expectations is discussed in our findings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our quarterly reports and other documents that we have filed or may file with the SEC from time to time. We may also discuss non-GAAP results during this call, and reconciliations of our GAAP results to non-GAAP results have been included in our press release. Our press release and our SEC filings are available in the IR section of our website. Joining me on the call today is Farouk Tewik, President and CEO, and Lynn Hutkins, CFO. With that, I'd like to turn the call over to Farouk. Farouk?

Thank you, Jean, and good morning, everyone. We appreciate you joining our call today. We delivered a strong start to fiscal 2026. First quarter performance reflected broad-based momentum across the business and continued execution, both operationally and commercially. We also delivered solid profitability supported by disciplined operational performance and favorable NICs. Before we get into the quarter in more detail, I want to highlight an important step we took during Q1 to better position Bell for continued growth. We completed a business unit realignment designed to align our teams around how our customers buy and how we win, enabling greater customer intimacy, faster decision-making, and a more coordinated approach to delivering our full portfolio solutions across connectivity, power, and magnetics. This structure strengthens our ability to bring more of Bell to each customer. expanding share of wallet through integrated selling, improved program execution, and tighter alignment between engineering, operations, and the commercial teams. Accordingly, Bell now operates two focused business units. First one, Aerospace Defense and Rugged Solutions, or ADRS, which combines our legacy connectivity business with Enercon. focused on mission-critical applications across commercial aerospace, defense, space, and rugged industrial environments, and industrial technology and solutions, or ITDS, which integrates our pre-Entercon power and magnetic businesses, focused on data solutions, transportation, and industrial markets where performance, reliability, and scale matter. This structure sharpens accountability, accelerates decision-making, and increases the speed at which we translate engineering into customer wins. It also enables product-agnostic access to Bell's full portfolio, so customers engage with us as a solutions partner aligned to their end market requirements. In that context, I am pleased to share that we closed the acquisition of Datamate from Method Electronics in March for $16 million. DataMate adds approximately $18 million in annual sales with margins in line with Bell and is expected to be immediately accretive. It will operate within our industrial technology and data solutions business unit. Strategically, this expands our Ethernet and broadband portfolio in a highly complementary way and positions us to grow in data centers, industrial automation, smart buildings, and broadband deployments. It also strengthens our U.S.-based manufacturing and engineering footprint. We're excited to welcome the DataMate team. They bring new customers, differentiated technology, and strong talent, and we look forward to what we'll accomplish together. Turning to business performance, within ADRS, results were driven by robust demand in defense and commercial aerospace, with continued strength across key platforms and programs, supported by strong demand and stable OEM build rates. We also saw ongoing progress in space as production schedules and program content continue to expand. Robust bookings during the first quarter within ADRS were driven by both sustained program demand and continued traction with our channel partners, resulting in a strong foundation heading into the back half of the year. we're also beginning to see the fruits of our organic growth initiatives over the past year. In Slovakia, for example, we secured two new defense design wins that are progressing through final certification steps and remain on track to complete in the second quarter. The win was initiated by Enercon with ramping up the Slovakia entity to produce an Enercon design, highlighting our global ability to deliver to our customers locally. In addition, we achieved our first bundled Cinch and Enercon win on a new design in Israel, which is a great early proof point of what this broader integrated portfolio can do when our teams collaborate across the organization. Within ITDS, we continue to see healthy demand signals across networking and data infrastructure, with momentum improving in data center connectivity and high-performance compute applications. Customer activity remains elevated as the industry invests in AI-oriented architectures, driving opportunities for power conversion and protection, as well as high-speed interconnect solutions that support next-generation switching and server platforms. We are expanding our design wind funnel and investing in engineering and operational capabilities to support these growth vectors, including manufacturing resilience and multi-site capacity to serve global data center customers. As we think about the broader environment, we remain mindful of trade policy and tariff dynamics, as well as demand variability by end market. We continue to work closely with customers to manage these conditions, including pricing and supply chain actions where appropriate. We are seeing some general upward pressure in certain material and logistics inputs, and we remain prepared to use the levers within our control, procurement actions, pricing discipline, and operational execution. to support the overall direction we've laid out. With that overview, I'll turn it over to Lynn to walk through the financial results in more detail. Lynn?