Atkore Inc.

is being recorded. Thank you. I would now like to turn the conference over to your host, Matt Klein, Vice President of Treasury and Investor Relations. Thank you. You may begin.

Thank you, and good morning, everyone. I am joined today by Bill Waltz, President and CEO, John Deitzer, Chief Financial Officer, and John Pergenzer, Chief Operating Officer and President of Electrical. We will take questions at the conclusion of the call. 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 risks and uncertainties such that actual results may differ materially. Please refer to our SEC filings and 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. And any reference to EPS or adjusted EPS means adjusted diluted earnings per share. Adjusted EBITDA and adjusted diluted earnings per share are non-GAAP measures. Reconciliations of non-GAAP measures and a presentation of the most comparable GAAP measures are available in the appendix to today's presentation. With that, I'll turn it over to Bill.

Thanks, Matt, and good morning, everyone. Starting on slide three, our Q1 performance was in line with our expectations. We achieved net sales of $662 million and adjusted EBITDA of $99 million, both of which were within our outlook range. Our $1.63 of adjusted EPS was near the top end of our outlook range. Organic volume declined 5% in the first quarter, but this is in comparison to our strong volume performance in the first quarter of fiscal 2024. Our teams have been focused on executing the growth initiatives that we discussed in November related to water and global construction services. We are on track with our organic initiatives and are planning for those to come online later in the year to support both our PV and HDP water products. We continue to pursue several opportunities for global megaprojects as we look to grow our pipeline and eventual backlog. We remain committed to returning cash to our shareholders as evidenced by the $50 million in share repurchase in the first quarter, which complements our quarterly dividend payment. I'm also pleased to highlight the release of our fiscal year 2024 sustainability report, which we published last month. This report details our ongoing initiatives, accomplishments, and progress toward our 2025 goals. In the first quarter of 2025, we released additional environmental product declarations for our core products. ATCOR has EPDs for our core products covering approximately half of our global sales. When we met in November, we planned our year with an expectation that we would continue to face challenges impacting both our volume and price due to increased foreign and domestic competition. Most notably, these challenges impact our PVC conduit and steel conduit businesses. Having completed our first quarter, we now believe the challenges we outlined in November will have a larger impact on our 2025 performance than previously anticipated. We saw year-over-year volume increases in imported PVC conduit, which is impacting the market environment. additionally we continue to see year-over-year increases in ports for steel conduit the imports for both pvc conduit and steel conduit originated from countries where quantity limitations are either non-existent or poorly enforced during the first quarter we saw downstream constraints impacting our utility scale solar market which impacted our volume however we are pleased by the improved operational performance within the S&I team and our Hobart, Indiana facility. I am disappointed that we continue to operate in these conditions. The challenges we are navigating are not what we anticipated at the end of fiscal year 2022 when we signaled normalization of our record profits. We now expect full year 2025 adjusted EBITDA to be approximately $400 million at the midpoint of our range. Our outlook reflects what we believe is most probable. We are pleased that an announcement was made related to tariffs on Mexico. Should these tariffs go into effect, they should have a positive impact on our business At this time, our outlook does not contemplate any material benefits from tariffs on imported conduits. As a reminder, the recently announced tariffs impacting Mexico and Canada do not affect our PVC conduit business. We are currently forecasting the headwinds impacting PVC pricing may continue. In the meantime, we are advancing our key initiatives to expand our business in new market areas. Secondly, We are prudently looking at our enterprise-wide cost structure to mitigate the impact of these industry headwinds. Lastly, we are looking at alternative scenarios for certain assets to provide the best economic return. My conviction and our team remain strong, and we will lean into our business system to execute our strategy. I'd like to take a moment to thank all of our employees for everything they do to support our key stakeholders. With that, I'll now turn the call over to John to talk through the results from the quarter and provide more details on our outlook.