EnerSys

the second quarter fiscal 2025 results. On the call with me today are David Schaffer, NRCIS Chief Executive Officer, Sean O'Connell, NRCIS President and Chief Operating Officer, and Andrea Funk, NRCIS Executive Vice President and Chief Financial Officer. Last evening, we published an announcement about a planned leadership succession, our second quarter 2025 results, and our 10-Q with the SEC, which are available on our website. We also posted slides that we will be referencing during this call. The slides are available on the Presentations page within the Investor Relations section of our website. As a result, we will be presenting certain forward-looking statements on this call that are subject to uncertainties and changes in circumstances. Our actual results may differ materially from these forward-looking statements for a number of reasons. These statements are made only as of today. For a list of forward-looking statements and factors which could affect our future results, please refer to our recent 10-K filed with the SEC. In addition, we will be presenting certain non-GAAP financial measures, particularly concerning our adjusted consolidated operating earnings performance, free cash flow, adjusted diluted earnings per share, and adjusted EBITDA, which exclude certain items. For an explanation of the difference between the GAAP and non-GAAP financial metrics, please see our company's Form 8K, which includes our press release, dated November 6, 2024. Now I'll turn the call over to Enersys CEO, Dave Schaefer.

Thank you, Lisa, and good morning. Please turn to slide four. Before we dive into our quarterly results, I'd like to share some personal news. Last night, we announced that after much thought and reflection, I have made the decision to retire as President and CEO of Enersys, effective in May, It's a decision I do not take lightly, but it feels like the right time for both me and Enersys. We have a solid foundation, strong momentum, and a clear path forward, and I'm confident in the opportunities that lie ahead for this great company. I am pleased to announce that our board of directors has named Sean O'Connell, our president of Energy Systems Global, as my successor. Sean will assume the role of President and CEO and join the Enersys Board of Directors upon my retirement in May. To ensure a seamless transition, Sean has been promoted from President of Energy Systems Global to President and Chief Operating Officer, effective immediately. Sean will continue to serve as President Energy Systems Global until his successor is named. A search for his successor is underway. Sean has held key executive positions in each of our core businesses in international operating regions. As President Energy Systems Global since November 2023, Sean has led a significant business transformation, including reshaping the go-to market and operating strategies and reducing annual costs by nearly $50 million. Previously, as President Motive Power, Sean introduced several transformative initiatives that delivered 20% operating earnings growth and 210 basis points of margin expansion. But what gives me the steadfast confidence in Sean's CEO candidacy is his ethics and character. Sean's unwavering commitment to doing things the right way and natural leadership capabilities have supported our customer and supplier relationships and added to our culture. Over the past 11 years, He has successfully executed every challenge presented, and his deep understanding of our business and strategic vision make him the ideal leader to build on our success. With Veterans Day soon upon us, I would be remiss not to mention that Sean started his career serving the Armed Forces as a member of the US Army's 82nd Airborne Division, and to thank Sean and our other dedicated veterans for their brave service to our country. Over the next six months, I'll work closely with Sean to ensure a smooth transition. Together, we remain fully focused on maintaining our operational excellence and strong customer relationships and supporting our ongoing initiatives with continuity and dedication. I'll now turn it over to Sean for a few comments.

Thanks, Dave. And hello, everyone. I'm honored to succeed Dave as NRSA's CEO and thank our board for their trust and confidence in me. Having been a part of this incredible company for 21 years, including the decade prior to joining Enersys as an outside reseller of Enersys products within my own company, I've had the privilege of working with some of the most talented people in the industry and witnessed tremendous progress made under Dave's leadership, for which I am deeply grateful. Under Dave's leadership, Enersys has transformed from a traditional lead acid battery company with limited scale into a global leader in energy system solutions, growing revenue by some 35% through strategic acquisitions and groundbreaking product innovations. His efforts have built a unique portfolio of smart battery and energy management technologies, including both lithium ion and lead chemistries, leaving an indelible mark on the company and our industry. I look forward to building on that strong foundation we've established, working with our team to continue our journey of innovation and growth as we pursue new opportunities that align with our long-term vision in delivering stakeholder value. As Dave mentioned, we will be working closely together to ensure a seamless transition. Over the next six months, I will be conducting a listening tour across the organization and with other key stakeholders, including customers, partners, our analysts, and investors, as I get up to speed on my expanded role and responsibilities. For now, it's business as usual. Our goals, initiatives, and day-to-day operations remain our focus with minimal changes. Now I'll turn it back over to Dave to discuss the results of our second quarter.