Malibu Boats, Inc.

are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. Please be advised that any reproduction of this call, in whole or in part, is not permitted without written authorization of Malibu Boats. And as a reminder, today's call is being recorded. On the call today from management are Mr. Steve Minetto, Chief Executive Officer, Mr. Michael Hooks, Executive Chair, Mr. Bruce Beckman, Chief Financial Officer, and Mr. Richie Anderson, President. I'll now turn the call over to Mr. Beckman to get us started. Please go ahead, sir.

Thank you, and good morning, everyone. On the call, Michael will provide a brief update and introduce our new CEO, Steve Minetto. I will provide commentary on the business and discuss the fiscal fourth quarter and full year 2024 financials, and Steve will provide an update on the new model year and year-term growth priorities. We will then open the call for questions. A press release covering the company's fiscal fourth quarter and full year 2024 results was issued today, and a copy of that press release can be found in the investor relations section of the company's website. I also want to remind everyone that management's remarks on this call may contain certain forward-looking statements, including predictions, expectations, estimates, and other information that might be considered forward-looking. and that actual results could differ materially from those projected on today's call. You should not place undue reliance on these forward-looking statements, which speak only as of today, and the company undertakes no obligation to update them for any new information or future events. Factors that might affect future results are discussed in our filings with the SEC, and we encourage you to review our SEC filings for a more detailed description of these risk factors. Please also note that we will be referring to certain non-GAAP financial measures on today's call, such as adjusted EBITDA, adjusted EBITDA margin, adjusted fully distributed net income, and adjusted fully distributed net income per share. Reconciliation of these non-GAAP financial measures to GAAP financial measures are included in our earnings release. I will now turn the call over to Michael Hooks, Chair of Malibu Boats. Michael?

Thanks, Bruce, and good morning, everyone. I would like to start the call by welcoming Steve Mineto as our new CEO. As you know, the board conducted a comprehensive search process, and we are thrilled to have Steve at the helm. His depth of experience and track record of success makes him an excellent fit to lead Malibu Boats through the cycle and into its next phase of growth. I also want to take this opportunity to thank the entire NBI team for their passion and dedication, particularly during this transition period. Your hard work and commitment have been instrumental in navigating this change, and we are all grateful for your continued efforts. You will hear more from Steve in a few moments, but first let me turn it back over to Bruce to walk us through the fiscal year and quarterly results.