Berry Global Group, Inc.

Good day, everyone, and thank you for standing by. Welcome to the Q3 2024 Very Global Group, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To participate, you will need to press star 1-1 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press star 1-1 again. Please be advised that today's conference is being recorded. I will hand the call over to Dustin Stilwell with Barrie Group. Please go ahead.

Thank you, operator, and thank you to everyone for joining Barrie's third fiscal quarter 2024 earnings call. Joining me this morning, I have Barrie's chief executive officer, Kevin Kowalinski, and Barrie's chief financial officer, Mark Miles. Following our prepared remarks today, we will have a question and answer session. In order to allow everyone the opportunity to participate, we do ask that you limit yourself to one question with a brief follow-up and then fall back into the queue for any additional questions. A few things to note before handing the call over. On our website at barryglobal.com, you can find today's press release and earnings call presentation under our investor relations section. As referenced on slide two and three, during this call, we will be discussing certain non-GAAP financial measures. These measures are reconciled to the most directly comparable GAAP financial measures in our earnings press release and presentation, which were made public earlier this morning. Additionally, we will make forward-looking statements that are subject to risks and uncertainties. Actual results or outcomes may differ materially from those that may be expressed or implied in our forward-looking statements. Some factors that could cause the results or outcomes to differ are in the company's latest 10-K, other SEC filings, and our news release. I will now turn the call over to Barry's CEO, Kevin Kowalinski.

Thank you, Dustin, and thank you to everyone for joining us today to discuss Barry's third quarter results for fiscal 2024. Our team delivered 2% organic volume growth and strong financial performance during the quarter. Our results were consistent with our expectations and we made substantial progress toward our long-term strategic objectives and delivering on our multi-year cost improvement initiatives. We delivered third quarter adjusted EPS and operating EBITDA growth of 16% and 6% respectively over the prior year quarter with volume growth and strong operational performance driving our results as our team remains focused on managing the items that are within our control. Our proactive measures around repositioning our portfolio to higher growth markets and reducing our cost structure have allowed us to outperform in a weaker than normal macro demand environment. We continue to be confident in our outlook, bolstered by our steady sequential improvement and the fact that our customers are communicating their focus on driving growth over price, including increased promotional activity. As a result, we are confirming our fiscal 2024 guidance within our previously announced ranges for adjusted EPS and free cash, and expect our fourth fiscal quarter to deliver low single-digit volume growth aligned with our long-term targets. As part of our ongoing commitment to maintaining a strong and stable balance sheet, we remain committed to achieving a year-end leverage of 3.5 times or lower by the end of fiscal 24, including our September quarter expected cash flow generation of $1 billion and anticipated portfolio optimization proceeds, we expect to deliver over $3 billion of cash over the next four quarters. Specifically, we believe cash proceeds could exceed $2 billion from strategic divestitures alone within the next year. This includes approximately $1 billion from the already announced proposed spinoff merger and another $1 billion from future portfolio optimization opportunities within fiscal 2025. With respect to portfolio optimization, we continue to make progress. Not only will these divestitures accelerate deleveraging, they will push us toward our goal of increasing our consumer products focus from over 70% to over 80% of volume. The Barrie HHNF and Glatfelter transaction is still expected to close before the end of the calendar year and is subject to approval by Glatfelter shareholders and completion of customary closing conditions. Our teams continue to work on integration activities, and we remain optimistic about substantial upside potential in our base synergy case. We made great progress during the quarter on furthering our continuous improvement focused culture. We stood up our first lean transformation site at our healthcare focused facility in Franklin, Indiana. I had the opportunity to visit Franklin again a few days ago, and I'm very excited and encouraged by the level of engagement by our associates and leadership there. The focus in this facility has shifted from how do we win the month to how do we win the hour. And this shift brings in a whole new level of urgency for results. We have begun hosting visits from other business units to see what is being built in Franklin so that they can begin replicating our business operating model in other areas of the company. We have also begun to recruit additional lean leaders to support and scale a faster implementation path across the business. We're also seeing substantial improvements in how we deliver quality and service to our customers. Our capability to identify root causes and quickly apply corrective actions has increased and accelerated. The result is improved product and service differentiation that is allowing us the opportunity for faster organic growth. Faster organic growth is also being enabled by our efforts to improve the capability of our commercial excellence process. During the quarter, we began the second phase of our pilot in Consumer Products North America, where we are building a world-class conversion engine to produce the right innovation, deliver that innovation to the best target pipeline, and convert that pipeline at world-class rates of conversion. As with lean, this pilot is serving as a center of excellence from which we will replicate the new processes across the other Barry business units. Now, I will turn the call over to Mark, who will review Barry's financial results. Mark?