Enerpac Tool Group Corp.

Hello and welcome to InterPAC Tool Group second quarter fiscal 2026 earnings call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Darren Kozik, CFO. Please go ahead.

Thank you, operator. Good morning, and thank you for joining us for Interpac Tool Group's earnings call for the second quarter of fiscal 2026. Joining me on the call today is our president and chief executive officer, Paul Sternlieb. The slides referenced on today's call are available on the investor relations section of the company's website, which you can download and follow along. A recording of today's call will also be made available on our website. Today's call will reference non-GAAP measures. You can find a reconciliation of GAAP to non-GAAP measures in the press release issued yesterday. Our comments will also include forward-looking statements that are subject to business risks that could cause actual results to be materially different. Those risks include matters noted in our latest SEC filings. Now, I will turn the call over to Paul.

Thanks, Darren, and thank you, everyone, for joining us this morning. As we look back at our second quarter of fiscal 2026 performance, there was a lot to be pleased about. Within our industrial tools and service segment, or IT&S, product sales accelerated, growing 6% organically year over year. That represents the highest growth in products that we've enjoyed in 10 quarters since the fourth quarter of fiscal 2023. Through February, we saw some strengthening in the U.S. market, with the PMI reflecting two consecutive months of expansion in the manufacturing sector. Likewise, U.S. Industrial Distributor survey data through February suggests improving sentiment. At Enerpac, we continue to see favorable trends, with overall product order rates growing mid-single digits and gains in each of our three geographic regions. Within our services business, which represented approximately 20% of the IT&S segment in fiscal 2025, we took decisive actions to address a market slowdown in the EMEA region that has weighed on overall growth and profitability. With the announced restructuring, we are right-sizing our hydrotite service operation in the region and reducing headcount to align with current market conditions. The restructuring will also support our strategic transition toward higher margin service business and profitable growth objectives. At the same time, we are very pleased to announce a five-year contract award with a major oil and gas company operating in the UK North Sea. Under that contract, which is worth several million dollars annually, we will provide maintenance and pipeline service work. I'm particularly proud of the fact that we were able to secure this win against significant competition. Much like the premium Enerpact tool brand, our hydrotite brand on the service side is synonymous with superior technical know-how, value-added support, and world-class job performance. In fact, the customer indicated that hydrotite was selected for this critical work as they felt we are the only ones who could ensure reliably leak-free results. With that, let me turn the call over to Darren, who will provide more detail on our second quarter performance, as well as geographic and market trends. Then I'll come back to talk about our progress on the innovation front and our successful presence at ConExpo. Darren?