Alliance Laundry Holdings Inc.

Good morning and welcome to Alliance Laundry's second quarter 2026 earnings conference call. After the speaker's prepared remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then the number 1 on your telephone keypad. If you would like to withdraw your question, press star 2. We ask that you please limit yourself to one question and one follow-up, then return to the queue if needed. With that, it is my pleasure to turn the program over to Tom Gelston, Vice President of Investor Relations. Tom, please go ahead.

Thank you, and good morning, everyone. Along with today's call, you can find our earnings press release and presentation on our Investor Relations website at ir.alliancelaundry.com. A replay will also be available on our website following the call. As a reminder, today's earnings release presentation and statements made during this call include forward-looking statements under federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. Such risks and uncertainties include factors set forth in the earnings release and in our filings with the SEC, including the risk factors section of our 10-K filing and subsequent 10-Q filings. We assume no obligation to update or revise any forward-looking statements except as required by law. Additionally, during today's call, we will discuss certain non-GAAP financial measures outlined in our earnings presentation. We believe these measures are important indicators of our operations as they exclude items that may not be indicative of ongoing business performance. Reconciliations to the most directly comparable GAAP measures can be found in our earnings release and presentation appendix. And with that, I'd like to now turn the call over to Mike Shade, our Chief Executive Officer. Mike?

Thanks, Tom, and thank you for joining our earnings call. Our second quarter results reinforce the message we have carried since becoming a public company, that a resilient, replacement-driven, essential industry, a market-leading position, and disciplined operational excellence combine to deliver strong, sustainable outcomes through any environment. In the second quarter, revenue grew 7% year-over-year with adjusted EBITDA growth of 12% and adjusted net income up 54%. This performance was broad-based and it reflects the diversification that defines our business across products and markets and geography. The strength of our first half combined with our growing visibility into the balance of the year gives us the confidence to raise our guidance today. And Dean will take you through that detail shortly. I'd like to highlight again that this performance was achieved in a macro environment that's still volatile in many parts of the world. But remember, every day really is a laundry day. Commercial laundry is a vibrant, growing, and essential part of modern life. Our diversified geographies and end markets serving non-discretionary needs, hospitals and elder care, hospitality, industrial, emergency responders, and many other verticals have performed across all economic cycles, giving us a level of growth, consistency, and downside protection that is hard to find. This quarter was no different. Revenue met our expectations with strong adjusted EBITDA and net income conversion. Digital innovation also continues to see strong adoption. But our strategy here is unchanged. The more connected our equipment is, the more value we can deliver through better uptime, smarter servicing, lower costs, and higher revenue. And ultimately, a better end user or end consumer experience that further strengthens our customer relationships. Turning to the regions, North America delivered another strong, broad-based quarter with growth across every vertical and pricing that helped offset inflation and tariff impacts. Internationally, we saw strength in Asia Pacific, especially in vended markets, and Europe was steady. As we noted previously, the Middle East-Africa region represents less than 2% of our global revenue, so the direct impact of the ongoing conflict is small. And while we are seeing some knock-on effects in other regions, mainly due to higher energy costs, we expect normal growth dynamics to return when the conflict subsides. We're also continuing to strengthen our balance sheet, repaying $50 million of debt in the quarter, bringing year-to-date pay down to $115 million and over $800 million over the past 12 months, which has resulted in in a reduction in net leverage from 4.6 to 2.4 times. So taken together, the strengths we demonstrated this quarter, broad-based demand, pricing discipline, our local-for-local manufacturing footprint, and a strengthened balance sheet are what we expect to carry us through the balance of 2026. So before Dean walks you through the financials, I want to share a recent event that brings a key aspect of our long-term growth story to life. In late June, I attended our annual event in Bangkok where we bring current and prospective laundromat operators together with our distribution partners. Southeast Asia has long been a strategic growth engine for us, and laundromats are leading the way. The demand for new stores continues to impress me in a market that largely, barely existed a decade ago and one we're proud to have helped create. This demand is structural, not cyclical. Urbanization, a growing middle class, and the shift toward modern, out-of-home laundry. It's durable, essential demand, the kind that has carried this company through every economic cycle. And here our advantages are unmistakable. Our technology, our distribution network, our highly trained team, and unmatched product reliability. Operators choose Alliance because of our connected, durable equipment delivers a lower total cost of ownership and a better experience for their customers. There's a second tailwind building underneath the growth. This equipment runs hard all day, every day, in high-throughput stores, and that intensity of use sets up a durable replacement cycle in the years ahead. So even as new stores drive the top line today, the installed base we're building now becomes a recurring source of demand tomorrow. The event generated hundreds of qualified leads across Thailand, with the opportunity extending across the region. And Thailand isn't the exception. It's the template. We see the same early innings dynamics taking shape in market after market. Structural tailwinds, a growing installed base, and emerging market runway all pointing to a business built to compound for years to come. And on that note, I'll hand it over to Dean to provide details of our second quarter performance and increased guidance.