The Glimpse Group, Inc.

Good afternoon, ladies and gentlemen, and welcome to the Nortec Systems Incorporated third quarter 2025 earnings conference call. With me on the line today are Jay Miller, President and Chief Executive Officer, and Andrew LaFrance, Chief Financial Officer and Senior Vice President of Finance. All lines have been placed on a listen-only mode, and the call will be open for questions and comments following the management presentation. At this time, it is my pleasure to turn the call over to Andy LaFrance.

Paul, I would also like to welcome everyone to today's conference call. Jay will begin the call with a review of our operations, recent developments, and business outlook. Then I will review Nortec's third quarter 2025 financial results before turning it back over to Jay for his closing comments. Then we will open up the call for your questions. Before we continue, please note statements made during this call may be forward-looking regarding expected net sales, operating results, future plans, opportunities, and other company expectations. These estimates, plans, and other forward-looking statements involve unknown and known risks and uncertainties and may cause actual results to differ materially from those expressed or implied on this call. These risks, including those that are detailed in our most recent SEC filings, may be amended or self-amended. The statements made during this call are based upon information known by NORTEC as of the date and time of this call, and we assume no obligation to update the information in today's call. You can find NORTEC's complete safe harbor statements in our SEC filings. And now with that, I'll turn it over to Jay for his opening comments. Jay?

Thank you, Andy, and good afternoon, everyone. We're glad you could join us today. I'm very proud of our team's execution and our positive third quarter results, which reflect continued evidence of our restructuring efforts and cost discipline are paying off. During the quarter, we realized increased manufacturing efficiencies across customer programs transferred to new plants, which are driving planned sustained performance improvement as we experience a continued positive mix shift from new product introduction to first builds of recurring production. While we have incremental work to do in this area, we have made significant progress over the past several quarters to realize the benefits of our streamlining and long-term cost structuring initiatives. The entire Nortec leadership team is proud of the hard work and execution of our employees. We continue to closely monitor on-again, off-again imposition of tariffs. continue to see strong quoting activity as many of our customers are evaluating near-shore manufacturing strategies for both north america and china we believe we are currently very well positioned in our north american footprint as our monterey maquila door operations and minnesota facilities work under the framework of the usmca while the tariffs with mexico remain uncertain It's important to note Nortec is not the importer of record into the United States for goods produced in Mexico, as we operate under a Maquiladora structure for our customers. This materially reduces our direct exposure to these tariffs. In situations where we incur tariffs on imported components, we are working closely with our customers to pass these costs through. All in all, we are working hard and have all hands on deck to proactively monitor the shifting landscape. trade policies, and uncertainties in the current geopolitical environment. We have recently... I'm texting her.