Woodward, Inc.

Thank you for standing by. Welcome to the Woodward, Inc., third quarter fiscal year 2026 earnings call. At this time, I would like to inform you that this call is being recorded for rebroadcast and that all participants are in a listen-only mode. Following the presentation, you are invited to participate in a question and answer session. Joining us today from the company are Chip Blankenship, Chairman and Chief Executive Officer, Bill Lacey, Chief Financial Officer, and Dan Provaznik, Director of Investor Relations. I would now like to turn the call over to Dan Provaznik.

Thank you, Operator. We would like to welcome all of you to Woodward's third quarter fiscal year 2026 earnings call. In today's call, Chip will comment on our strategies and related markets. Bill will then discuss our financial results as outlined in our earnings release. At the end of the presentation, we will take questions. For those who have not seen today's earnings release and presentation materials, you can find them on our website at woodward.com. A webcast of this call will be available on our website for one year. All references to years in this call are references to the company's fiscal year I would like to highlight our cautionary statement as shown on slide two of the presentation materials. As always, elements of this presentation are forward-looking, including our guidance, and are based on our current outlook and assumptions for the global economy and our businesses more specifically. Those elements can and do frequently change. Our forward-looking statements are subject to a number of risks and uncertainties surrounding those elements, including the risks we identify in our filings with the SEC. These statements are made as of today, and we do not intend to update them except as required by law. In addition, we are providing certain non-U.S. GAAP financial measures. We direct your attention to the reconciliations of non-U.S. GAAP financial measures, which are included in today's slide presentation and our earnings release. We believe this additional financial information will help in understanding our results. Now, I'll turn the call over to Chip.

Thank you, Dan, and good evening to everyone joining us for our third quarter 2026 earnings call. I'm pleased to report that Woodward delivered another outstanding quarter marked by strong financial and operational performance. This continued momentum is the result of focused and disciplined execution by our global team as we deliver on strong customer demand for our products and services across our aerospace and industrial markets. In the quarter, Woodward sales grew 21% year over year, and adjusted EPS increased 43%. We delivered significant margin expansion, primarily driven by pricing actions. We are also seeing productivity gains from our lean transformations start to flow through our factories and improve margins. Industrial sales were up 26% in the quarter, and the team did an excellent job leveraging fixed costs as volume increased across all primary markets. Aerospace sales were up 19%, with commercial OEM keeping pace with airframe rebuild rates, sustained commercial services growth, and strengthened defense services. As we move through the final quarter of the year, we are well positioned to deliver on anticipated growth across our markets. The growth trajectory in aerospace was reinforced last week at the Farnborough Air Show. In the many years I've attended the show, I can't remember another time when the industry remained so calm and collected during a period of such significant growth for current generation products and services. Several big aircraft orders were announced at the show. Commercial OEM and services outlooks are strong, and there is a sense that defense demand could also accelerate. All of this was taken in stride as air framers and engine OEMs looked to component and service providers like Woodward to maintain focus and deliver on the demand created by the growing backlog. In this high-growth environment, it is helpful that supply chain visibility and predictability continue to improve. Disruptions haven't totally gone away, but we are working together with our suppliers and customers to manage through them. During Airshow week, we announced the partnership with Hayco, establishing the third elite licensed service facility for Woodward LRUs on the CFM LEAP engine. This is an important step for our airline customers throughout greater China and the Asia-Pacific region. Our services capacity strategy is well-defined for the next several years, and we're now focused on executing that strategy to stay ahead of growing customer demand. On the topic of capacity, we celebrated the recent completion of the expansion of our industrial segment high-speed fuel injection value stream in Glotten, Germany. The expanded production capacity is already supporting growing demand, particularly from Rolls-Royce's MTU Solutions division, serving power generation applications. I enjoyed being in Glotten with customers, community partners, and our amazing team members, who completed this complex project on schedule, on budget, and without disrupting customer deliveries. It's a great example of how we're expanding capacity while maintaining the operational discipline our customers expect. We've also announced additional footprint optimization decisions to support future growth and improve efficiency. This includes the decision to close our recently acquired electronic products facility in Canada and transfer production and engineering to existing Woodward facilities in Poland and Bulgaria. We're working through the transition and being thoughtful and respectful with our members. This move will generate meaningful cost synergies while improving the returns on our THSA and related electromechanical product portfolio acquisition. We also decided to move one of our Niles JDAM production lines to our new Spartanburg facility to strengthen supply continuity for customers, provide flexibility, and support future growth. Earlier, I mentioned that we're starting to see productivity gains flow through our factories. One area of significant progress is our automation journey. Those of you who visited our rock cut facility saw the deburring cobots in action. This technology has become a platform for us, and we are deploying it across Woodward plants. In another automation success story, we are working with a supplier to integrate machining, inspection, loading, and unloading into a lights out cell for key fuel nozzle parts. This will deliver capacity for our GTF high volume line, as well as efficiency and risk reduction. Our automation investment objectives are fourfold. Expand capacity, increase productivity, and enable growth, as well as reduce our direct labor hiring demand. We are targeting a reduction of approximately 1,000 incremental hires by 2029. In many cases, by automating repetitive, less desirable work. This represents about 50% of our projected hiring needs in that timeframe, equally weighted by attrition and growth. As with our lean transformation, this is not about replacing people. We will continue hiring to support growth and manage attrition. We'll just need fewer new hires, who will gain long-term workforce efficiencies. Tying all this together from disciplined execution to investments in capacity and automated processes, we are on an exciting path for long-term growth and margin expansion. Based on a strong third quarter and confidence that we will continue to execute well in the fourth quarter, we are raising our earnings guidance for 2026. Now over to you, Bill.