Innventure, Inc.

Welcome to InVenture's first quarter 2026 earnings call. All participants will be in listen-only mode until the question and answer session begins. If you'd like to ask a question, you may raise your hand at any time by clicking on the raise hand button, which can be found on the black bar at the bottom of your screen. As a reminder, this conference call is being recorded. I would now like to turn the call over to Kyle Nagarkar, Investor Relations.

Thanks, Operator, and thank you all for joining us for InVenture's first quarter 2026 earnings call. My name is Kyle McGarcar with Investor Relations, and joining me from the company are Bill Haskell, Chief Executive Officer, Roland Osterup, Chief Growth Officer, and Dave Yablanovsky, Chief Financial Officer. Earlier today, we issued a press release announcing our financial results, which is available on our investor relations website along with a supplemental slide presentation. As referenced on slide six, we will be discussing non-GAAP financial measures during this call. The most directly comparable GAAP financial measures and a reconciliation of the differences between the GAAP and non-GAAP financial measures are available in our earnings release and supplemental slide presentation on our website. In addition, certain statements being made today are forward-looking statements that are based on management's current assumptions, beliefs, and expectations concerning future events impacting the company. These forward-looking statements involve a number of uncertainties and risks, including but not limited to those described in our earnings release, Form 10-Q for the period ended March 31, 2026, and other filings with the SEC. The actual results of operations and financial condition of the company could differ materially from those expressed or implied in our foreign-looking statements. And now, I'd like to turn the call over to Bill. Bill?

Thanks, Kyle, and good afternoon, everyone. Before I start, I want to acknowledge the operating company CEO call that we hosted a couple of weeks ago. That call was designed as a way for investors to hear directly from the CEOs of Excelsius, Aeroflex, and Raffinity. The call provided unique insight into what's happening inside each business from the executives that are living it every day, the execution, the product cadence, and what the next milestones look like. We'd encourage anyone who wasn't able to join us to listen to the replay available on our investor website. Because we were limited in time for Q&A on the CEO call, we were also posting a supplemental Q&A to our investor site to address additional questions that we did not get to respond to on that call. While we can't always address every question in real time, we are committed to providing meaningful transparency where it strengthens investor understanding without compromising the competitive position and technical advantages that high growth, disruptive businesses must preserve during their most formative stages. Given the recency of that CEO update, I'd like to use today's call to double-click on recent developments outside of our core operations before passing it to Roland and Dave. Let me start with corporate governance, which we view as especially important for a multi-entity operating model like InVenture. Over the past several weeks, we've taken concrete steps to continue to strengthen our board. We announced the appointment of John Hewitt and the nomination of Katrina Fallon as part of our continued refresh and upgrade of InVentures government structure. These are seasoned operators, people who have built, scaled, and managed complex businesses, exactly the kind of directors that can provide valuable contributions to a business model like InVentures. We have always viewed the deep expertise of our people as a key competitive advantage, and this philosophy extends to how we approach our governance structure. These recent additions underscore that importance. The other notable update is on our shareholder engagement. It is important to know that our actions around corporate governance did not happen in a vacuum. We've had extended dialogue with a diverse set of shareholders, and that engagement helped inform how we think about board composition and the capabilities we want at the table. As a case in point, earlier this month, Ascent Capital Partners, one of our largest and most engaged shareholders, publicly expressed support for adventurous leadership and direction in an SEC filing. We view the firm's letter as a constructive signal that shareholder engagement is working as intended. Shareholders leaning in, the company responding thoughtfully, and governance evolving in a way that strengthens the enterprise. We look forward to continued engagement with our shareholders as we work to unlock the long-term value of InVenture's model. With that, I'll turn the call over to Roland. We'll share his perspective on where InVenture is in its evolution and what we are seeing across the operating companies.