Acuity Inc.

Good morning and welcome to the ACQUITY Fiscal 2026 Third Quarter Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, the company will conduct a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Charlotte McLaughlin, Vice President of Investor Relations. Charlotte, please go ahead.

Thank you, Operator. Good morning, and welcome to the ACQUITY Fiscal 2026 Third Quarter Earnings Call. On the call with me this morning are Neil Ashe, our Chairman, President, and Chief Executive Officer, and Karen Holcom, our Senior Vice President and Chief Financial Officer. Today's call will include updates on our strategic progress and on our Fiscal 2026 Third Quarter performance. There will be an opportunity for Q&A at the end of this call. As a reminder, some of our comments today may be forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as detailed on slide 2 of the accompanying presentation. Reconciliations of certain non-GAAP financial metrics with their corresponding GAAP measures are available in our 2026 third quarter earnings release and supplemental presentation, both of which are available on our investor relations website at www.investors.acuityinc.com. Thank you for your interest in Acuity. I will now turn the call over to Neil Ashe.

Thank you, Charlotte, and thank you all for joining us this morning. We demonstrated solid execution in our third quarter of fiscal 2026. We grew net sales, we expanded our adjusted operating profit, and we increased our adjusted diluted earnings per share. We generated strong cash flow and allocated capital effectively. In Acuity Brands Lighting, our sequential performance improved, while our margins remained strong. Our ability to drive performance in this market is a result of the execution of our strategy to increase product vitality, elevate service levels, use technology to improve and differentiate both our products and how we operate the business and drive productivity. Over the past several years, we have focused on enhancing our product portfolios, contractor select, design select, and made to order. By aligning these portfolios to the specific needs of our customers, we have reduced complexity across the value chain while driving productivity for both our partners and ourselves. Contractor Select drives growth and productivity for electrical distributors and retailers by lowering their cost of doing business and reducing their inventory requirements. Design Select enhances productivity for architects, specifiers, and contractors by enabling efficient configuration of the right products for each project. The balance of the portfolio is made to order, providing customized solutions tailored to specific customer needs. This quarter, we introduced Beyond by Lithonia into our Design Select portfolio. Beyond is our next-generation linear high bay designed for large-scale industrial applications with pre-configured trim packages for common use cases such as cold storage, automotive manufacturing, and warehousing. It integrates Eldo-led drivers with embedded sensor switch and N-light controls, delivering a complete lighting and control solution that simplifies specification, ordering, and installation. We also introduced CPX3P, our new three-pane panel available in both Contractor Select and Design Select. The CPX3P combines an architectural aesthetic with switchable lumen output and switchable color temperature at an accessible price point. By enabling configuration and install, we reduce SKU complexity for our distributor partners and simplify specification, inventory management, and installation for our customers. The industry continues to recognize the value that our products deliver to our customers. This quarter, we received several Red Dot Awards. Our Eureka brand continues to demonstrate design leadership. The Eureka segment earned the prestigious Best of the Best recognition, while Tulip, Jari, and Arela received multiple Product Design Awards. Over the past 15 years, Eureka has won 27 Red Dot Awards, reflecting consistent design strength across the portfolio. Now, switching to Acuity Intelligent Spaces, which continue to deliver strong sales and margin performance. Atrius and Distech control the management of the space, and QSC manages the experience in the space. And over time, we will use data from both to enhance productivity outcomes through data interoperability. Taken together, this is how we can make spaces autonomous. Today, I want to focus on Distech, where we have delivered strong, consistent growth and margin expansion. Our performance reflects the strength of our open architecture strategy. Our Edge with Cloud platform delivers both local resilience and enterprise-scale intelligence, eliminating traditional trade-offs. Through open protocols, open tools, and an independent system integrator network, We have customers full control over how their systems are deployed, serviced and upgraded over time. This differentiation is translating into share gains across our end markets. We are winning projects and displacing incumbents at major universities, professional sports venues, data centers, and enterprise campuses. And we are winning OEM manufacturers who are selecting our Eclipse portfolio for next-generation applications where our architecture enables capabilities their legacy platforms cannot support. We continue to invest in product vitality. We recently launched Eclipse Resilience, A programmable logic controller designed for mission-critical cooling applications for use primarily in data centers. We now have a powerful combination of programmable logic controllers and direct digital controllers to solve customer problems. We also introduced a preloaded ResenseMove dashboard within Eclipse facilities, providing immediate visibility into occupancy and space utilization out of the box, accelerating returns for both operators and systems integrators. Our investments in product innovation combined with productivity enablers such as AI-enabled programming tools, workflow automation, and the expansion of Distech Academy are making our partners more efficient and driving growth across the platform. Distech is no longer just a controls company. It is a platform company investing across every layer of the stack and uniquely combining edge control, cloud intelligence, and occupant experience. AIS continues to build momentum with strong external recognition across the portfolio. Resense Move was featured in the AHR product showcase and received a CSE award highlighting the strength of our sensing and analytics capabilities. Distech Controls earned an Echovatus Medal for Sustainability Performance. and QSC was recognized with Rave's Best of ISE 2026 Award for the Q-SYS Room Suite Modular System and named in the AV Nation Reader's Choice Awards, underscoring increased customer adoption and preference across the AV ecosystem. Now, looking ahead, Acuity Brands Lighting remains the best performing lighting company in the world. Our third quarter order trends indicate that demand in the lighting market is firming. We are focused on executing our strategy and advancing our growth algorithm while managing gross profit margin through strategic pricing, product innovation, and productivity improvements, positioning us well for today and for the future. Acuity Intelligence Spaces is strategically differentiated. We have unique and disruptive technologies that are driving productivity for people experiencing spaces and for the people providing those spaces. Our focus will continue to be on growth, and we have the opportunity to continue to expand margins over time. We are confident in the long-term performance of both the lighting and spaces businesses. Now I'll turn the call over to Karen who will update you on our third quarter performance.