Atmus Filtration Technologies Inc.

standing by. My name is Eric and I will be your conference operator today. At this time, I would like to welcome everyone to the Atmos Filtration Technologies third quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I'd now like to turn the call over to Todd Cirillo, Executive Director of Investor Relations. Please go ahead.

Thank you, Eric. Good morning, everyone, and welcome to the Atmos Filtration Technologies Third Quarter 2025 Earnings Call. On the call today, we have Steph Disher, Chief Executive Officer, and Jack Kintzler, Chief Financial Officer. Certain information presented today will be forward-looking and involve risks and uncertainties that could materially affect expected results. Please refer to the slides on our website for the disclosure of the risks that could affect our results and for reconciliation of any non-GATT measures referred to on our call. For additional information, please see our SEC filings and the investor relations pages available on our website at atmest.com. Now, I'll turn the call over to Steph.

Thank you, Todd, and good morning, everyone. On the call today, I will provide an update on our third quarter results, our progress executing on our four pillar growth strategy, and the outlook for the remainder of 2025. Jack will then provide further details on our financial results. During the third quarter, we completed our full operational separation from our former parent comments. The separation has been a multi-year journey and marks a significant milestone for our company. I want to recognize this outstanding accomplishment, which is the result of the collective effort of all Atmasonians. We are now focused on unlocking the growth potential of Atmos. Completing the separation enables us to redeploy resources, time, and energy to focus on growth. We have a clear vision and strategy and a highly capable organization who are energized to realize our full potential. Now, let's turn to our capital allocation strategy. We continue to deploy capital to create long-term shareholder value. We further accelerated our share repurchase program in the third quarter, repurchasing $30 million of stock, bringing our year-to-date total to $61 million. Since the announcement of our share repurchase program last year, we have repurchased a total of $81 million of stock. We also increased our quarterly dividend by 10% last quarter, reinforcing our commitment to consistent long-term capital return to shareholders. We remain committed to investing for organic growth and executing our inorganic industrial filtration strategy. We will continue to keep you updated on our M&A activity. The framing of M&A investment choices continues to be guided by our strategy, long-term value creation, and the balance of growth and shareholder returns. We expect share repurchases to remain an important component of our capital allocation strategy and anticipate our full-year repurchases will be in a range of approximately 1.5% to 3% of our current market capitalization. I would like to now take a moment to share some insights on the strong culture we are building at Atmos. We have established what we call the Atmos Way. The Atmos Way incorporates our purpose, our values, and our strategy. It also includes what we call mindset shifts. which reflects specific areas where we want to intentionally shift the culture of our company. One example I would like to share today is our commitment to safety. We set a vision to be the safest company. In October, we achieved two years without a serious injury in our business. This is a result of disciplined focus on risk reduction, and the engagement of employees at all levels of our organisation. This is just one example of the Atmos culture in action. It reflects what we stand for and it demonstrates what we can do when we set a bold vision and work together to bring change. Let's now turn to our four pillar growth strategy and the progress we have made during the third quarter. Our first pillar is to grow share in first fit. As a fully independent company, we are expanding our first-fit customer reach to leading regional OEMs across a broad range of applications with dedicated sales and technical resources. We are winning with these customers by providing our industry-leading filtration products that deliver superior protection for our customers' equipment. Additionally, we continue to win with the winners by growing our long-term partnerships with global OEMs. Our second pillar is focused on accelerating profitable growth in the aftermarket. We are expanding our market presence in independent and retail channels with new distributors. This allows us to provide broader channel coverage of our industry-leading FleetGuard products and deliver to our customers when and where they need the product. We are also partnered with leading global OEMs who are expanding their own aftermarket businesses and growing market share. We work collaboratively with these industry leaders, allowing us to expand our business while simultaneously fueling growth for our partners. Furthermore, we are growing our brand awareness with our We Protect campaign launched earlier this year. This campaign highlights who Atmos is and the dedicated employees committed to creating a better future for our customers, communities and planet. Our third pillar is focused on transforming our supply chain. As a fully operationally independent company, we have completely transitioned to the global Atmos distribution network. This allows us to directly control our customer experience. Additionally, our network is designed to optimize and grow our aftermarket business. We continue to increase the on-shelf availability of products to ensure we have the right products for our customers when and where they need them. Our fourth pillar is to expand into industrial filtration markets. Our strategy is unchanged and remains focused on growth into industrial filtration, primarily through inorganic acquisitions. We are broadly looking at three verticals, industrial air, industrial liquids excluding water, and industrial water. We have seen increased activity in the M&A markets and we continue to review a robust pipeline of opportunities for inorganic expansion. We remain focused on executing a disciplined approach to develop opportunities which deliver long-term shareholder value. Now let's discuss our third quarter financial results. Our team delivered another strong quarter. Sales were $448 million compared to $404 million during the same period last year, an increase of 10.9%. Significant outperformance drove higher sales despite continued challenging conditions in most of our global markets. We also benefited from increased pricing and favourable foreign exchange. Adjusted EBITDA was $92 million, or 20.4%, compared to $79 million, or 19.6%, in the prior period. Adjusted earnings per share was $0.69 in the third quarter of 2025, and adjusted free cash flow was $72 million. Now let's turn to our market outlook for 2025, starting with market guidance for aftermarket. We expect freight activity to generally continue at current levels and be flattish year over year. Our team has done a great job executing our growth strategy, especially in the face of elongated challenges in global markets. We are increasing our expected outperformance and now project share gains to add 3% of revenue growth. Overall pricing is expected to provide approximately 3% revenue growth. Pricing is inclusive of both base pricing actions to offset certain input costs and tariff pricing. This reflects known tariffs as of November 1 and assumes the USMCA exemption for our products will continue. The US dollar continues to weaken from the strength we saw early in the year. We anticipate the full year impact of a strong US dollar to be an approximate half percent revenue headwind. Let's now turn to our first skip market. In the US, the industry was recently provided with some guidance on Section 232 tariffs for medium and heavy duty trucks. We will continue to monitor ongoing development and adapt accordingly. We are still awaiting clarity on the upcoming 2027 emissions requirements. This continues to drive uncertainty in the market. Our expectations for both the heavy and medium duty markets in the US is to be down 20% to 25%. We expect demand for trucks in India to grow, which could be further bolstered by government infrastructure spending. In China, the markets we serve have continued to grow through the third quarter. Our exposure in China is weighted towards first fit on highway applications, and we remain cautious in our outlook. Overall, we have raised our expectations for total company revenue to be in a range of 1.72 to 1.745 billion, an increase of 3%, to 4.5% compared to the prior year. Our team continues to quickly adapt to challenging market conditions to deliver strong operational performance. We expect this performance to continue and we are raising our expectations for adjusted EBITDA margins to be in a range of 19.5% to 20%. Adjusted EPS is expected to be in a range of $2.50 to $2.65. Now, I will turn the call over to Jack, who will discuss our financial results in more detail.