EnerSys

Good day and thank you for standing by. Welcome to NRCSIS' fourth quarter and full year fiscal 2025 results. 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 ask a question during the session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that this conference is being recorded. I would now like to hand the conference over to your speaker today. Lisa Hartman, Vice President of Investor Relations, please go ahead.

Good morning, everyone. Thank you for joining us today to discuss NRCIS fourth quarter and full year 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 incoming CEO, and Andrea Funk, NRCIS Executive Vice President and Chief Financial Officer. Last evening, we published our fourth quarter and fiscal year 2025 results under our 10K 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 reminder, 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 form 8K and 10K 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 excludes 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 May 21st, 2025. Now I'll turn the call over to Enersys CEO, Dave Schaffer.

Thank you, Lisa, and good morning. Please turn to slide four for a review of our fourth quarter and four-year performance. Enersys delivered a very strong fourth quarter, demonstrating the earnings power of our balanced business. We grew revenue 7%, our second highest revenue quarter ever, and delivered record adjusted diluted EPS of $1.86, excluding 45x benefits. Highlights included record motive power margins, significant margin expansion in energy systems and specialty, and strong contributions from the Brentronics acquisition. In energy systems, we saw growth in data centers and continued moderate recovery in communications. Motive Power generated 15% earnings growth on similar volumes to prior year fourth quarter, with increased maintenance-free products reaching a record 29% of segment sales. Specialty benefited from sustained strengths in A&D markets and outperformance from Brentronics. Full year revenue was $3.6 billion, with meaningful gains in adjusted gross margin, adjusted operating earnings, and adjusted earnings per share, even before 45x benefits. We made meaningful progress in fiscal year 2025. We executed our strategy in a challenging environment. We expanded our share in the attractive and growing defense market, grew our higher margin maintenance-free offerings, reduced cost, optimized our manufacturing footprint, invested in high-speed, lower-cost, flexible domestic production capacity, and developed new product offerings, strengthening our foundation for future growth. As announced in November, today marks my final day as CEO. Sean O'Connell takes the helm as CEO tomorrow. With deep industry experience and proven leadership across Enersys, I am confident he will lead the company to continued success. It has been an honor to serve as Enersys' CEO. I would like to thank our employees for their consistent hard work and dedication in supporting each other and our customers every day, our board of directors for their support, and our shareholders for your trust. I will now turn it over to Sean to take you through more detail on our results and business drivers. Sean?