Hubbell Inc

Hello, and welcome to Hobo's second quarter 2025 earnings conference call. 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 the question during the session, you will need to press Start 1-1 on your telephone. You will then hear an automated message advising your answer phrase. To withdraw your question, please press Start 1-1 again. We ask that you limit yourself to one question and one follow-up. I would now like to turn the conference over to Dan and Amarato. You may begin.

Thanks, Operator. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the second quarter of 2025. The press release and slides are posted to the investor section of our website at hubble.com. Joined today are our Chairman, President, and CEO, Gerben Bakker, our Executive Vice President and CFO, Bill Sperry. Please note our comments this morning may include statements related to the expected future results of our company. These are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Please note the discussion of forward-looking statements in our press release and consider it incorporated by reference into this call. Additionally, comments may also include non-GAAP financial measures. Those measures are reconciled to the comparable GAAP measures which are included in the press release and slides.

Now let me turn the call over to Gervin. Thanks, Dan. Good morning, and thank you for joining us to discuss Hubble's second quarter 2025 results. Hubble delivered double-digit adjusted earnings per share growth in the second quarter, driven by strong organic growth in grid infrastructure and electrical solutions, as well as year-over-year adjusted operating margin expansion of 120 basis points. We are raising our full-year outlook today, and we remain confident in our ability to deliver attractive financial performance for our shareholders over the near and long term. As detailed in this morning's press release, our results and outlook this morning are presented on a FIFO basis. Bill will provide you with some additional details in a few minutes, but this transition enables a greater consistency of cost accounting method across our businesses and better matching of expense and revenue recognition, particularly during inflationary periods. While raw material inflation and tariffs are driving incremental cost inflation relative to our initial outlook, you will see throughout today's presentation that we have been proactive in driving price and productivity across our portfolio, and we are well positioned to achieve positive price-cost productivity in 2025. In utility solutions, performance in the quarter was highlighted by 7% organic growth in grid infrastructure. Transmission and substation markets remain strong as our utility customers invest to interconnect new sources of load and generation on the grid. And distribution markets return to growth as the recent customer inventory normalization cycle has run its course and our sales growth in the quarter recoupled to reflect solid and market demand driven by grid hardening. Grid infrastructure orders remain strong, up high teens year over year in the first half and supporting our expectation for strong organic growth in the second half. While grid automation performance was weaker than anticipated, strong growth in our higher margin T&D components product categories drove favorable mix dynamics in the quarter. In electrical solutions, we delivered mid-single-digit organic growth with continued adjusted operating margin expansion and 9% adjusted operating profit growth. Our segment unification efforts and our strategy to compete collectively are driving outgrowth in key vertical markets, most notably evidenced by strong data center growth in the second quarter. From an operational standpoint, we continue to simplify our business to drive productivity and operating efficiencies, which we are confident will drive long-term margin expansion. While the macroeconomic and inflationary environments remain dynamic, Hubble is well-positioned in attractive markets with a leading portfolio of brands, and we are proactively managing our cost structure and pricing actions to drive continued profitable growth. Now let me turn the call over to Bill to provide some more details on our financial results.