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by the number one on your telephone keypad. And if you would like to withdraw that question, again, press star one. Thank you. I would now like to turn the conference over to Bill Pitts, Vice President of Investor Relations. Bill, you may begin your conference.

Good morning, and thank you for joining us for our first quarter 2024 earnings call. With me are Barnes President and Chief Executive Officer Thomas Hook, and Senior Vice President Finance and Chief Financial Officer Julie Strike. You can access all earnings-related materials on the investor relations section of our corporate website at onebarnes.com. That's O-N-E-B-A-R-N-E-S.com. During our call, we will be referring to the earnings release presentation. Our discussion today includes certain non-GAAP financial measures which provide additional information we believe is helpful to investors. These measures have been reconciled to the related GAAP measures in accordance with SEC regulations. You will find a reconciliation table on our website as part of our press release and in the form 8K submitted to the Securities and Exchange Commission. Be advised that certain statements we make on today's call both during the opening remarks and the question and answer session, may be forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Please consider the risks and uncertainties that are mentioned in today's call and are described in our periodic filings with the SEC, which are available on the investor relations section on OneBarns.com. I will now turn the call over to Tom for his opening remarks. After that, Julie will provide a review of our financial performance and details of our updated 2024 outlook. Then we will open up the call for questions. Tom?

Thank you, Bill, and good morning. Barnes had a solid start to 2024, led by strength in aerospace and underpinned by strong end market demand. Additionally, we delivered substantial progress on our three strategic pillars to dramatically enhance shareholder value. These pillars are core business execution, scale aerospace, and integrate, consolidate, and rationalize industrial. We are now five quarters into the execution of our multi-year transformation plan, with many positive steps already completed along this journey. We continue to execute a multitude of products in parallel through 2024, and we are energized by the momentum we have generated. For the first quarter, revenue of $431 million increased 28% reported and 4% organic. Adjusted EBITDA grew 38% to $80 million, and adjusted EBITDA margin was up 130 basis points. We will discuss the drivers momentarily. Our restructuring program, which is aimed at accelerating growth and profitability, has progressed on schedule and planned savings remain on track. We continue to target run rate annualized savings of $38 million by the end of 2024 and $42 million by the end of 2025. Please note that $11 million of the original $53 million target related to the associated spring and hangy businesses and transferred with the divestiture. Much of that benefit was already realized, in part facilitating the sale. Our restructuring savings to date have largely served to offset inflationary cost pressures and unfavorable industrial mix. We will aggressively pursue additional cost rationalization opportunities, primarily associated with the integrate, consolidate, and rationalize pillar of our strategy. As mentioned on our last call, Barnes Aerospace is now a truly global business with expanded geographic reach, diverse capabilities, and offerings to comprehensively serve customers around the world. The scale achieved with the addition of MB Aerospace positions us as a more significant player in the industry and allows us to compete more effectively. To that end, we successfully closed multiple new profitable long-term agreements. You may recall in February, we spoke to the General Electric Agreement to extend the term for LEAP engine programs by 10 years. extend legacy engine programs by four years, and expand our portfolio of products on military engines. In addition, another five long-term agreements have been finalized during the quarter across our large customers, General Electric, Rolls-Royce, and Peratt & Whitney. A few other LTAs are agreed to and awaiting finalization. In total, the full-term value of these agreements is approximately $2 billion. Our success in getting these agreements across the finish line led to incredibly strong orders in the quarter. OEM booked the bill was 2.6 times, and OEM backlog grew to $1.46 billion, up 19% since December 2023. With respect to the aerospace aftermarket, the recent MRO Americas Conference highlighted a robust industry outlook. Persistent supply chain concerns and disruptions in new aircraft production have provided lift to the aftermarket. This has increased utilization of older planes, especially for legacy narrowbody engines like the CFM56 and V2500, which are key platforms for Barnes Aerospace. We expect these dynamics will continue to benefit the aftermarket for some time. Barnes Aerospace is well positioned in the aftermarket. and we have made additional investments to further solidify our standing. For example, in February, we opened a new facility in Singapore to increase our capacity for engine component repairs in the Asia Pacific region. This facility will also have the flexibility to expand capacity for future growth. Additionally, just this month, we significantly expanded our MRO facility in East Granby, Connecticut. Performance across our aftermarket business is solid. We are seeing robust demand as MRO sales are up 136% reported and 19% organic in the quarter. In addition, RSPs grew 30% organically. With a robust aerospace industry, a long runway of strong demand for both OEM and the aftermarket, and a great team of talented people, We are well on our way to achieve $1 billion in annual aerospace revenue in 2025. Aerospace is now the largest part of Barnes in terms of revenue and profit. Significant progress on our portfolio transformation continues as we shift our business mix towards the higher growth, higher margin, and higher value aerospace market, while simplifying and optimizing our industrial businesses to deliver improved performance. As disclosed in early April, we closed the sale of the associated spring and hanging businesses. This divestiture materially reduces our exposure to automotive component manufacturing and represents an important step in our ongoing strategy to integrate, consolidate, and rationalize the industrial business. Net cash proceeds of approximately $150 million will be used to reduce debt. barnes transformation office established one year ago continues to make great progress across barnes this work is critical to the margin expansion supply chain efficiencies and manufacturing footprint optimization needed to deliver our profitability targets before concluding my prepared remarks this morning i would like to speak about a few changes with respect to our board including the planned retirements of two of our longtime directors first tom barnes has served on our board since 1978 and his chair since 1995 providing stay leadership and guidance during his long tenure he has been a stalwart champion of our people and an extraordinary community steward it has been an honor to serve with tom and we are grateful for his lengthy dedication and service to the company that his family founded in 1857. We look forward to his continued contributions as chair emeritus. Second, I want to thank my esteemed colleague, Millie Mangum, lead independent director, for her tireless dedication and meaningful contributions to Barnes over her 21-year tenure as a director. Her energy, passion for our people, and impact has been profound. Next, I would like to welcome Adam Katz to our board. Adam is one of the founders and the chief investment officer of Orenic Capital Management. I look forward to hearing his insights and perspectives as an investor and welcome his contributions in support of our value creation goals. Finally, I would like to acknowledge Dick Hippel as our new board chair. Dick has significant public company experience and wisdom. He has been a great partner and colleague since he joined the Barnes board in 2017. I am confident that he will provide strong board leadership necessary to enhance value for our stakeholders. To close my remarks this morning, 2024 is off to a good start. The ongoing execution of our three pillar strategy is making Barnes a more focused and competitive company on the path to unleash profitable growth and a meaningful shift towards aerospace with its higher growth and profitability characteristics, will accelerate the unlocking of Barnes value. While we have made great progress in a short period of time, we are only approaching the midpoint of the comprehensive transformation of the company. As such, we are taking additional actions to reduce our cost profile, enhance profitability, drive cash generation, and optimize the portfolio in 2024. With that, I will pass the call to Julie to cover our financial performance and outlook.