Westport Fuel Systems Inc

Well, Vice President of Investor Relations, please go ahead.

Good morning, everyone. Welcome to Westport Fuel Systems Conference call regarding results for the fourth quarter and 2024 fiscal year. This call is being held to coincide with the press release containing Westport's financial results that were issued earlier today. On today's call, speaking on behalf of Westport, is Chief Executive Officer and Director Dan Selis and Chief Financial Officer Bill Larkin. Attendance on this call is open to the public, but questions will be restricted to the investment community. You are reminded that certain statements made on this call and our responses to certain questions may constitute forward-looking statements within the meaning of the U.S. and applicable Canadian securities law. And as such, forward-looking statements are made based on our current expectations and involve certain risks and uncertainties. With that, I will turn the call over to you, Dan.

Thanks, Ashley. Good morning, everyone. Earlier this morning, not only did we announce our 2024 fourth quarter and full year results, but we also announced an exciting transaction that would lead to the divestment of our light duty business. This proposed transaction is expected to enable Westport to become significantly stronger from a financial perspective and allow us to taper our focus on creating solutions for hard to decarbonize segments of the long haul heavy duty transport and industrial space. Given the excitement around this transaction, we have adjusted the flow of this call so we can focus our time on outlining the proposed transaction, the potential that it offers Westport and its shareholders. So today, following a few opening remarks from me, we'll kick the call off with Bill walking through the fourth quarter and year-end results. And then I'll dive into the details of the transaction before we go to our question and answer period. Despite revenues for the year being down by 9% as compared to the previous year, primarily as a result of the HPDI revenue now sitting in suspira, our dedication to our three key pillars positioned us to deliver improvements across the board, including in our gross profit and gross profit margins. Our adjusted EBITDA and, for one of the first times ever, we delivered positive net cash from operations. I'm very proud of how Westport performed in the 2024 period and recognize we still have a lot of work in front of us as we continue to evolve the company in 2025. I'll now hand the call over to Bill so he can provide some more information on the financial results. Bill?