Ampco-Pittsburgh Corporation

Welcome to the Amco-Pittsburgh Corporation Second Quarter 2026 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, please press star then one on your telephone keypad. To withdraw a question, please press star then two. Please note this event is being recorded. I'd now like to turn the conference over to Kim Knox, Corporate Secretary. Please go ahead.

Thank you, Megan, and good morning to everyone joining us on today's second quarter 2026 conference call. Joining me today are Brett McBrayer, our Chief Executive Officer, and David Anderson, Vice President, Chief Financial Officer, and President of Air and Liquid Systems Corporation. Also joining us on the call today is Sam Lyon, President of Union Electric Steel 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 investors 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 us. The second quarter marked a clear turning point for Amco Pittsburgh. Net income was $1.5 million or 7 cents per share compared to a net loss of $7.3 million or a loss of 36 cents per share in the prior year period. Adjusted EBITDA of $9.8 million improved 22% versus prior year with margin expanding 240 basis points to 9.5% on net sales of $102.9 million. This is important. Demand across both segments is accelerating. Customer orders of approximately $144 million were up 50% versus prior year and backlog grew $39.9 million from the first quarter to $385.4 million. Air and Liquid delivered record results and the actions we took in forged and cast engineered products, including the closure of our UK facility, are now flowing through to the bottom line. I'll now turn the call over to David Anderson, our Chief Financial Officer and President of Air and Liquid Systems to discuss the Air and Liquid segment.