Helios Technologies, Inc.

Greetings, and welcome to the Helios Technologies First Quarter Fiscal Year 2026 Financial Results Conference Call. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Tanya Allman, Vice President of Investor Relations and Corporate Communications. Thank you. You may begin.

Thank you, Operator, and good day, everyone. Welcome to the Helios Technologies First Quarter 2026 Financial Results Conference Call. We issued a press release announcing our results yesterday afternoon. If you do not have that release, it is available on our website at hlio.com. You will also find slides there that accompany today's discussion, as well as our prepared remarks. Joining me today are Sean Bagan, President and Chief Executive Officer, and Jeremy Evans, Executive Vice President, Chief Financial Officer. Sean will begin with highlights from the first quarter. Jeremy will then review our financial results in more detail and provide our outlook. Sean will return with some closing remarks, and then we will open the call for questions. Before we get started, please turn to Slide 2, where you will find our Safe Harbor Statement. As you may be aware, we will make some forward-looking statements during this presentation and the Q&A session. These statements apply to future events that are subject to risks and uncertainties, as well as other factors that could cause actual results to differ materially from those presented today. These risks and uncertainties and other factors can be found in our annual report on Form 10-K for 2025, along with our upcoming 10Q to be filed with the Securities and Exchange Commission. You can find these documents on our website or at sec.gov. I'll also point out that during today's call, we will discuss some non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. we have provided reconciliations of comparable gap with non-gap measures in the tables that accompany today's slides. Please reference slides three through five as I now turn the call over to Sean.

Thanks, Tanya, and welcome, everyone. We appreciate you joining us today. Anyone who watched this year's Kentucky Derby saw more than just a winner. They saw focused execution under pressure at exactly the right moment. Golden Tempo stayed focused, found his stride, and delivered when it mattered most. We believe our first quarter performance tells a similar story. Helios entered 2026 having done the hard work, sharpening our go-to-market model, strengthening our balance sheet, and building a team and culture aligned around the core 2030 strategy we introduced at our investor day. And like that Saturday race, the results for Helios this quarter weren't just a one headline moment. They were a collection of firsts and records, the highest quarterly sales ever for innovation controls, our largest electronic segment business. A record first quarter of cash generation for the company. And our first ever regular dividend increase of 33%. And perhaps one of the most telling measures of how far we've come, we reduced our net leverage by more than a full turn in just one year. bringing us to 1.6 times net debt to adjusted EBITDA, the lowest level since the first quarter of 2018. The balance sheet position isn't just a financial milestone. It's a strategic one, opening a meaningful level of optionality in how we deploy capital as we pursue the next leg of our growth. 2025 was our year of repositioning. 2026 is where that work finds its stride. As we came out of the starting gates on the 2030 financial targets, a plan built on 5% plus organic sales growth annually, our first quarter performance didn't just meet that bar, it cleared it decisively, giving us early momentum against a five-year roadmap that we intend to run all the way through. The core strategy laid out a clear set of performance priorities to double our sales by 2030 and expand adjusted operating and EBITDA margins to 20% plus and 25% plus respectively. The work we have done over the last 18 months to sharpen our go-to-market model, invest in innovation, and enhance operational excellence across our global footprint is an outcome of our momentum model, the engine behind this performance. Our first quarter results reflect the effectiveness of the Helios business system as we are executing our organic sales growth plans and improving our margins year over year while we manage through a choppy geopolitical environment and invest for future growth. Let me summarize the first quarter. With a more robust demand environment than expected, total sales exceeded the high end of our outlook range, up 17% year over year to $228 million. On a pro forma basis, excluding the custom fluid power or CFP divestiture and the impact of foreign exchange, sales grew 23% with both segments and all regions contributing to the increase. Our profitability measures kept improving as higher sales volume drove significant year-over-year expansion in our margins. We continue to deeply engage with our existing and prospective customers, seeking out opportunities, leveraging our enhanced go-to-market model, Our teams from both hydraulics and electronics across our relevant major brands attended the ConExpo trade show in the first quarter and showcased our latest products with a record level of show attendees present. Based on the level of booth activity and leads we extracted, we are seeing healthy activity across most of the markets we address. On a consolidated pro forma basis, we saw year-over-year growth across all the major end markets that we served. With our balance sheet in excellent shape, our board of directors approved the aforementioned increase to the quarterly dividend in March, and we continue to return capital to shareholders under our existing $100 million share repurchase authorization. These actions reflect our confidence in the long-term outlook and alignment with the value creation framework we shared as part of the core strategy. With that, I'll turn the call over to Jeremy to review the financial results in more detail. Jeremy?