Compass Diversified Holdings

Good afternoon and welcome to Compass Diversified's fiscal 2025 third quarter conference call. Today's call is being recorded. All participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, please press star 1-1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1-1 again. At this time, I would like to turn the call over to Ben Tapper. Vice President, Investor Relations. Ben, please go ahead.

Thank you, and welcome to Compass Diversified's third quarter 2025 conference call. Representing the company today are Elias Sabo, Cody's Chief Executive Officer, and Stephen Keller, Cody's Chief Financial Officer. We are also joined by Zach Sautel, Chief Operating Officer for Compass Group Management, and Pat Massarella, who recently retired after 20 years with CGM. Before we begin, I'd like to remind everyone that during the course of this call, COTI will make certain forward-looking statements, including discussions of forecasts and targets, future business plans, future performance of COTI and its subsidiaries, and other forward-looking statements regarding COTI and its financial results. Words such as believes, expects, anticipates, plans, projects, should, and future or similar expressions are intended to identify forward-looking statements. While these statements present our best current judgment about future results, performance, and plans as of today, our actual results and operations are subject to many risks and uncertainties that could cause actual results and operations to differ materially from what we expect. Except as required by law, COTI undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. In addition to any risks that we highlight during this call, important factors that may affect our future results, performance, and plans are described in our recent SEC filings and press release. During the call, we will refer to certain non-GAAP financial measures. Please note that references to EBITDA in the following discussions refer to adjusted EBITDA as reconciled to net income or loss from continuing operations in COTI's press release and SEC filings. At this time, I would like to turn the call over to Elias Szabo. Elias?

Thank you, Ben, and good afternoon, everyone. With today's filing, we are now current with our SEC filings for 2025. We're also back in compliance with the reporting requirements under our credit facility and bond indentures, and we're returning to a more normal operating cadence. It's been a long road thus far, and I want to thank everyone for their patience throughout this process. We appreciate the support you've shown as we've worked through it. Before I discuss our performance, I want to give you all a quick update on some organizational changes that have occurred at Compass Group Management, our external manager. After 20 years of dedicated service, Pat Maciarello retired at the end of 2025. Pat has been an integral member of CGM's senior leadership team and it's been a pleasure to work alongside him over the years. Stepping into the role of COO for CGM is Zach Sautel. Zach has been with CGM since 2009, most recently as the leader of our East Coast office. He's been instrumental in many of Cody's most successful acquisitions in his tenure and currently chairs the boards of BOA, Primaloft, Altor, and Sterna. I'm thrilled to have him take on this role, and I'm confident his leadership will support continued execution by all of our subsidiaries. Before we move on, I'll pass the call to Pat to say a few words.