CSW Industrials, Inc.

If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Alexa Hirta, Vice President of Investor Relations and Treasurer. Thank you. You may begin.

Thank you, Sherry. Good morning, everyone, and welcome to the CSW Industrials Fiscal 2025 Fourth Quarter and Full Year Earnings Calls. Joining me today on the call is Joseph Arms, Chairman, Chief Executive Officer, and President of CSW Industrials, and James Perry, Executive Vice President and Chief Financial Officer. We issued our earnings release, updated investor relations presentation, and Form 10-K prior to the market's opening today. all of which are available on the Investors portion of our website at www.cswindustrials.com. This call is being webcast, and information on accessing the replay is included in the earnings release. During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results could materially differ because of factors discussed today in our earnings release and the comments made during this call, as well as the risk factors identified in our annual report on Form 10-K and other filings with the SEC. We do not undertake any duty to update any forward-looking statements. I will now turn the call over to Joe.

Thank you, Alexa. Good morning, everyone. It is my pleasure to report that once again, our team has delivered record results for revenue, adjusted EBITDA, adjusted earnings per diluted share, and adjusted net income for the fourth quarter of fiscal year 2025. This morning, we reported fiscal fourth quarter revenue of $231 million, as well as fiscal fourth quarter adjusted EBITDA of $60 million, adjusted earnings per diluted share of $2.24, and adjusted net income of $38 million. I'm also proud to note that the team delivered record results for the full fiscal year 2025 for revenue, adjusted EBITDA, adjusted earnings per diluted share, adjusted net income, and cash flow from operations. We reported full-year revenue of $878 million, adjusted EBITDA of $228 million, including margin expansion of 70 basis points to 25.9 percent, adjusted earnings per diluted share of $8.41, adjusted net income of $137 million, and cash flow from operations of $168 million. Our resilient business segments have focused on our customers and on operational excellence. And as a result, we have outperformed the end markets we serve. James will provide further details of the performance of each of the three business segments for the last quarter of fiscal 2025. During the fiscal fourth quarter, we announced a definitive agreement to acquire Aspen Manufacturing for $313.5 million. and we were pleased to consummate this accretive and synergistic acquisition on May 1, 2025. The Aspen acquisition is the second largest acquisition our company has made, and Aspen will expand our HVACR product offering with the addition of market-leading evaporator coils and air handlers. Before I turn the call over, I'd like to thank our team for delivering solid growth for the fiscal full year 2025. Our impressive results, strong balance sheet, and capital allocation discipline have continued to fuel our success. We will be celebrating our 10-year anniversary as a public company later this year, and in anticipation of this milestone, we announced in late April that the company will be moving to the New York Stock Exchange on June 9th. We believe this strategic move to the world's largest stock exchange will be beneficial to all shareholders and provide additional liquidity. And our team looks forward to joining the other outstanding industrial companies on the NYSE. I also wanted to share a few longer-term metrics that demonstrate the execution and commitment of our dedicated team. Our revenue compound annual growth rate, or CAGR, Since the spinoff in October of 2015 is 14.1 percent. This average annual growth rate for the last nine and a half years has outpaced the markets we serve by a wide margin. Our adjusted EBITDA CAGR over the same period is 16.5 percent, which denotes that the team has delivered operating leverage on the revenue growth despite our already having industry-leading margins when we went public in 2015. In less than 10 years, we have grown our market cap over 1,000%, and total shareholder return is also over 1,000%. While I am pleased with the results that we have delivered and the value we have created for our shareholders over this past decade, I am equally optimistic as I look forward to what the company can accomplish over the next 10 years. At this time, I'll turn the call over to James for a closer look at our results, and following those comments, I'll return and conclude our prepared remarks.