Atkore Inc.

Thank you, and good morning, everyone. I'm joined today by Bill Waltz, President and CEO, John Deitzer, Chief Financial Officer, and John Pergenzer. 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 filing 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, we are pleased with our first quarter performance. We achieved net sales of $656 million and adjusted EBITDA of $69 million. Both were above our outlook range. Our 83 cents of adjusted EPS was also above the top end of our outlook range. Organic volume increased 2% in the first quarter, driven by strong performance in our electrical segment. Our teams have been focused on improving manufacturing efficiency and controlling costs, which has helped generate over $30 million of productivity savings year over year. We also continue to advance our strategic alternative process to evaluate opportunities to strengthen our business and maximize value for our shareholders. During the quarter, we completed the divestiture of our Tektron Mechanical Tube product line and manufacturing facility. This sale further enhances our focus on the electrical infrastructure portfolio and is aligned with our broader 80-20 initiative aimed at directing our manufacturing capacity to the electrical end markets. And in the second fiscal quarter, we expect to complete the previously announced exit of three manufacturing facilities. We will continue to provide updates on our ongoing strategic alternative process as appropriate as we move forward. I am also pleased to highlight released for fiscal year 2025 sustainability report which we recently published this report details our ongoing initiatives and accomplishments covered 2025 goals looking ahead to the remainder of 2026 we are on track to deliver our fy 26 outlook that we presented in november We expect our net sales to be in a range of $2.95 and $3.05 billion. Our net sales outlook adjusts for approximately $40 million of annual sales related to our TecCon McDaniel II product line resulting from that messenger. Adjusting the data between $340 and $360 million, things unchanged. Adjusted EPS is expected to be in the range of $5.05 and $5.55. We remain focused on our core electrical infrastructure portfolio, which is supported by broader megatrends and where we see the most opportunity to grow. Our team is focused on continuous improvement initiatives in our plants and providing unmatched service and quality for our customers. We are confident in our ability to drive sales volume and profitability. 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 Dycher to talk through the results from the quarter and provide more details on our outlook.

Thank you, Bill, and good morning, everyone. Moving to our consolidated results on slide four. In the first quarter, we achieved net sales of $656 million and adjusted EBITDA of $69 million. Adjusted EPS was 83 cents per share compared to $1.63 in the prior year. Our tax rate in the first quarter was 3%, a decrease from 21% in the prior year. The first quarter tax rate reflects a one-time discrete benefit associated with tax planning related to a foreign operation. Turning to slide five and our consolidated bridges, organic volumes were up 2% compared to the first quarter of fiscal 25. Our average selling prices declined 3% during the quarter, most of which came from our PVC conduit products, which were partially offset by increased average selling prices for our steel conduit products. Moving to slide six, our 2% volume increase during the first quarter was driven primarily from our metal electrical conduit and our plastic pipe conduit product categories. Both product categories benefited from healthy non-residential and market demand. Our metal framing, cable management, and construction service businesses saw lower volume compared to the prior year, primarily due to the timing of certain project-based work. We expect growth from these businesses throughout the duration of the year. Our mechanical tube business, which includes our solar related products, is also expected to grow throughout the year due to the expected timing of large utility scale solar projects. As we previously communicated, we are shifting certain available capacity from our existing non-solar mechanical products to our electrical conduit products as part of our 80-20 initiative. We would expect that to continue throughout the year to help support electrical and market demand. Overall, we continue to expect mid-single-digit volume growth for the full year. Turning to slide seven, net sales increased year-over-year in our electrical segment driven by higher volume growth offset by lower selling prices. Adjusted EBITDA margins compressed in our electrical segment due to higher material costs and lower average selling prices. Net sales in our S&I segment were lower compared to the previous year, primarily due to lower volume. Adjusted EBITDA and adjusted EBITDA margins both increased year-over-year due to increased productivity. As Bill mentioned earlier, ACOR recognized over $30 million of year-over-year productivity, most of which was generated from our S&I segment. Turning to slide eight, we ended the quarter in a favorable cash position despite a year-over-year decline in our operating cash flow. Keep in mind that our Q4 FY25 operating cash flow was our strongest quarter, generating approximately $200 million. Our first quarter in FY26 ended before we typically receive large collections from our accounts receivables. Those cash collections fell into the first part of our fiscal Q2. Our results included approximately $18 million in cash proceeds recognized from our Tektron tube divestiture. These proceeds represent a portion of the divestiture proceeds. We anticipate receiving an additional $7 million in the second quarter from the sale of our real estate where the products were manufactured. Our balance sheet remains in a strong position with no debt maturity repayments required until 2030. Moving to slide nine, we continue to expect volume growth to be mid-single digits for the full year. Our volume growth expectations are a combination of core construction growth, as well as contributions from certain growth initiatives, such as solar and global construction services. The recent Dodge Momentum Index forecasts continue to support growth in the core non-residential end markets. As a reminder, we are no longer providing quarterly guidance. Rather, we will continue to update our full year expectations. In November, we communicated that our full year expectations are weighted more toward the back half of the year. We still believe this to be true. With that said, we expect our second quarter to be similar to but slightly better than our first quarter results from an adjusted EBITDA perspective. For the full year, we expect net sales to be in the range of $2.95 to $3.05 billion, and adjusted EBITDA in the range of $340 million to $360 million, and adjusted EPS in the range of $5.05 and $5.55. With that, I'll turn it to John Progenzer to give an update on our end markets and our long-term strategic focus.