Fortune Brands Innovations, Inc.

Greetings and welcome to the Fortune Brands Innovations first quarter 2026 earnings conference call. At this time, all participant lines are in the listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. I will now like to turn the conference over to Kurt. Worthington, Vice President, Finance and Investor Relations. Thank you. You may begin.

Good afternoon, everyone, and welcome to the Fortune Brands Innovations first quarter 2026 earnings call. Hopefully, everyone has had a chance to review our earnings release. The earnings release, earnings presentation, and audio replay of this call can be found on the investor section of our fbin.com website. I want to remind everyone that that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question and answer session, are based on current expectations and market outlook and are subject to certain risks and uncertainties that may cause actual results to differ materially from those currently anticipated. These risks are detailed in our various filings with the SEC. The company does not undertake any obligation to update or revise any forward-looking statements except as required by law. Any references to operating profit or margin, earnings per share, or free cash flow on today's call will focus on our results on a before charges and gains basis, unless otherwise specified. Please visit our website for our reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures. With me on the call today are Susan Kilsby, Chairwoman of the Board, Dave Barry, our Interim Chief Executive Officer, and Ashley George, our Interim Chief Financial Officer. Following our prepared remarks, we have allowed time to address questions. I will now turn the call over to Susan, who will make a few comments on leadership and strategy. Susan?

Thanks, Kurt. Before we begin, I'd like to take a few moments on behalf of the Board to address the recent leadership and governance changes. Our Board values direct constructive engagement with our shareholders. Over the last few months, we have engaged extensively with shareholders to gather their feedback on the CEO succession process, ensuring the board is well informed on this important decision. As you are aware, we have reopened the search for Fortune Brand's permanent CEO. We are focused on identifying a leader with proven ability to instill focus and drive execution, particularly across global supply chains and complex routes to market. Just as importantly, We are seeking a leader who can build on Fortune Brand's proud legacy rooted in its iconic brands, history of innovation, and strong customer relationships. Ideally, this leader will have a strong knowledge of the building products industry with the proven track record of driving leadership accountability and delivering sustainable sales and margin growth over time. We are very pleased with the high-quality candidates we have seen in the process as we move with pace to select the next CEO. The board is excited to have Dave Barry serve as the company's interim CEO. Dave is an experienced, thoughtful, and decisive leader with more than a decade of experience at Fortune Brands, including prior service as CFO and most recently as President of Security and Connected Products. Dave is intimately familiar with our strategic priorities, our business, and our investor expectations. He has the full support of the board to act decisively, drive meaningful progress in underlying business performance, and ensure Fortune Brands continues to build momentum while the search for a permanent CEO is underway. I would also like to welcome Ashley George as interim CFO. Ashley brings nearly a decade of experience with Fortune Brands and has extensive knowledge of the company's financial operations, supply chain, and commercial functions, and has a strong understanding of our systems, processes, and commercial drivers. At this important moment for the company, strong and steady leadership is critical, and Dave and Ashley are well positioned to provide that stability. I also want to recognize our Fortune Brands associates. The Board recognizes that the company is in a period of meaningful change, and we sincerely appreciate your commitment and the pride you take in delivering on our strategic priorities. Turning to the Board of Directors, I would like to welcome Ed Garden, who joined the Board in March. Ed's extensive investment and financial expertise, coupled with his significant public company board experience, brings a valuable perspective. We are looking forward to continuing our collaboration with Ed as we take action to improve our performance, enhance transparency, and drive shareholder value. As part of our normal succession process, we are also conducting a comprehensive director search as we have two longer-tenured directors who we expect to retire prior to our 2027 annual meeting. In closing, I want to reiterate the Board's confidence in Fortune Brands' strategy, its people, and importantly, the strength of our brands. We have put in place experienced, decisive interim leadership who know this business intimately and are empowered to act. The Board is actively partnering with Dave and the entire leadership team, and we are confident that the steps we are taking today will serve our shareholders, our customers, and our employees well. We look forward to sharing more on our progress in the months ahead. With that, let me turn it over to Dave.