Atkore Inc.

Greetings and welcome to the ATCOR International Fourth Quarter Earnings Conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, John Deitzer, Vice President of Treasury and Investor Relations. Thank you. You may begin.

Thank you, and good morning, everyone. I'm joined today by Bill Waltz, President and CEO, as well as David Johnson, Chief Financial Officer. We will take your questions after comments by Bill and David. I would like to remind everyone that during this call, we may make projections or forward-looking statements regarding future events or financial performance of the company. Such statements involve risk and uncertainties, such that actual results may differ materially. please refer to our SEC filings in today's press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. In addition, any reference in our discussion today to EBITDA means adjusted EBITDA. With that, I'll turn it over to Bill.

Thanks, John, and good morning, everyone. I'm pleased to report that Accord delivered record earnings in the fourth quarter and for the full fiscal year 2020. I believe our strong operational focus and culture of teamwork and safety helps us deliver upon our commitments as we navigate through these challenging times. As we start on page three, In the fourth quarter, we delivered double-digit year-over-year improvements for our net income and our adjusted EBITDA and our adjusted EPS. Each of these hit a new quarterly record. This growth in profitability is quite remarkable given revenues were down 5% during the quarter. As I take a moment to pause and reflect upon the great results of this past quarter, it was a tremendous effort by the entire team and a testament to the breakthrough results that can be achieved by effectively utilizing the ACOR business system. Turning to the full year results on page four, Accor was able to increase full-year net income and adjusted EBITDA in spite of the 8% decline in sales associated with the COVID-19 pandemic. Separate from the financial results, one of the items that I'm most proud of this year is our improvement in our overall safety record. This was a challenging year in so many ways, and our employees rose to the occasion to help support our customers, and most importantly, each other, as we collectively improved our global safety incident rating by more than 20%. Turning to fiscal year 2021, a couple items to highlight and mention post the close of the fiscal year. In October, we acquired the assets of Queen City Plastics to expand and grow our PVC business. We truly believe in the value of Accor as a great place to work and as a great investment, and we're excited to welcome the employees of Queen City onto our team and help us write the next chapter in our growth story. Additionally, we deployed $15 million in share repurchases, and we're excited to announce the official launch of our innovative new MC Glide aluminum cable product, which we believe will significantly help improve the experience of our customers on a job site. Now, let me take a moment to summarize my key takeaways regarding the quarter and the full year, and then David will go over the quarterly results in more detail. The team delivered record results in Q4. Second, we're in a strong financial position with $284 million in cash at the end of the year. Third, as much as we focus on managing through the current conditions, we remain committed to building an even stronger Accor for the future, and we estimate that we will grow our net sales, adjusted EBITDA, and adjusted EPS in fiscal year 2021. With that, I'll turn the call over to David, who will walk us through the quarter in more detail.