Enerpac Tool Group Corp.

Hello, everyone. Thank you for joining us and welcome to the EnerPAC Tool Group fourth quarter 2026 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now turn the call over to Christian Audi, head of investor relations. Christian, please go ahead.

Thank you, operator. Good morning and thank you for joining us for ANAPAC Tool Group's earning call for the fourth quarter and full year fiscal 2026. Joining me on the call today are President and Chief Executive Officer Paul Sternlieb and our Chief Financial Officer Darren Kozik. On today's call, we will reference non-GAAP measures You can find a reconciliation of GAAP to non-GAAP measures in the press release issued yesterday and in the appendix of today's presentation. Yesterday, we also issued a separate press release announcing the completion of our acquisition of SFE Group. Our comments will also include forward-looking statements that are subject to risks that could cause actual results to be materially different Those risks include matters noted in our latest SEC filings. The slides referenced on today's call are available in the Investor Relations section of our website, which you can download and follow along. A recording of today's call will also be made available on our website. I will now turn over to Paul.

Thanks, Christian, and good morning, everyone. As you saw in our earnings release, we ended fiscal 2026 on an extremely strong note. Revenue in the fourth quarter exceeded our expectations with 10% organic growth in our industrial tool and service or IT&S segment. That gain was driven by exceptional performance in the Americas. Moreover, we enjoyed strong sales gains in both IT&S's product and service businesses in the quarters. and while near-term uncertainty remains on the service side, given the fluid situation in the Middle East, we are encouraged by its progress in the fourth quarter as the actions we have taken to transition to a higher margin service business while improving its cost structure are clearly beginning to show results. In fact, the organic growth in the service business has improved sequentially every quarter in fiscal 2026 and turned sharply positive in Q4. Fourth quarter momentum drove record annual revenue of $652 million, our highest since the relaunch of Enerpac Tool Group in 2019, with full-year organic growth of 4%. While full-year margins remain impacted by several factors, which Darren will address, we delivered robust cash generation in fiscal 2026, with free cash flow up 30%. which positions us for better than anticipated balance sheet leverage following the acquisition of SFE. And as announced yesterday, we are very pleased to have completed the acquisition of SFE Group with the closing effective October 28th. We will share a lot more about SFE, the synergies we are targeting and the status of our integration progress at our upcoming Investor Day in New York next week. This morning, Darren will walk through our fiscal 2026 performance, provide details on our balance sheet and the SFE transaction, and introduce our fiscal 2027 guidance. Then I will come back to give a preview of our next generation profitable growth strategy, which we call Propel, and highlight our successful innovation program. Darren? Thanks, Paul.