Ampco-Pittsburgh Corporation

Good morning, and welcome to the AMCO Pittsburgh Corporation first quarter 2025 earnings results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Kim Knox, corporate secretary. Please go ahead.

Thank you, Wyatt, and good morning to everyone joining us on today's first quarter 2025 conference call. Joining me today are Brett McBrayer, our chief executive officer, and Mike McCauley, senior vice president, chief financial officer, and treasurer. Also joining us on the call today are Sam Lyon, president of Union Electric Steel Corporation, and Dave Anderson, president of Air and Liquid Systems Corporation. Before we begin, I would like to remind everyone that participants on this call may make statements or comments that are forward-looking and may include financial projections or other statements of the corporation's plans, objectives, expectations, or intentions. These matters involve certain risks and uncertainties, many of which are outside the corporation's control. The corporation's actual results may differ significantly from those projected or suggested in any forward-looking statements. due to various risk factors, including those discussed in the Corporation's most recently filed Form 10-K and in subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update or otherwise release publicly any revision to our forward-looking statements. A replay of this call will be posted on our website later today. To access the earnings release or the webcast replay, please consult the investor section of our website at amcopgh.com. With that, I'd like to turn the call over to Brett McBrayer, AMCO Pittsburgh CEO. Brett?

Thank you, Kim. Good morning, and thank you for joining our call. As reported in our press release in 10Q, AMCO Pittsburgh Corporation reported earnings per common share of $0.06 for the first quarter of 2025, an improvement of 20 cents compared to the prior year quarter. Adjusted EBITDA for the quarter was $8.8 million compared to $5.1 million in the first quarter of 2024. Both segments showed significant EBITDA improvements versus the prior year. The quarter was highlighted by record order intake for air and liquid and continuing benefits from our new equipment in our U.S. forage business. We expect to experience some near-term impacts in Q2 as markets and supply chains react to the recent tariffs. However, our intent is to protect our margins by passing through to our customers any negative effects. We are nearing the conclusion of our collective consultation process at our UK facility. We expect to eliminate much of the losses for this business as we move forward. For further details regarding our segment performance, I will start by turning the call over to Sam Lyon, President of our Forged and Cast Engineer Product Segment.