Howmet Aerospace Inc.

Good day and welcome to the Q3 2026 Hormat Aerospace Earning Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and one on a touch-tone phone. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Paul Luther, Vice President, Investor Relations. Thank you and over to you, Paul.

Thank you, Dhanush. Good morning and welcome to the Hamad Aerospace Third Quarter 2026 Results Conference Call. I'm joined by John Plant, Executive Chairman and Chief Executive Officer, and Patrick Winterlich, Executive Vice President and Chief Financial Officer. After comments by John and Patrick, we will have a question and answer session. I would like to remind you that today's discussion will contain forward-looking statements relating to future events and expectations. You can find the factors that could cause actual results to differ materially from these projections listed in today's presentation and earnings press release and in our most recent SEC filings. In today's presentation, references to EBITDA, operating income, and EPS mean adjusted EBITDA, adjusted operating income, and adjusted EPS. These measures are among the non-GAAP financial measures that we've included in our discussion. Reconciliations to the most directly comparable GAAP measures can be found in today's press release and in the appendix in today's presentation. In addition, unless otherwise noted, all comparisons are on a year-over-year basis. With that, I'd like to turn the call over to John.

Good morning, everybody, and welcome to Hamlet's Q3 earnings call. Let's start with the highlights on slide four. How much performance in Q3 was solid in all dimensions. Revenues at $2.7 billion were up 29% year over year and up 25% through organic growth. EBITDA was $879 million and was up 43% with a margin rate of 32.5%. margins were at 40 basis points from the second quarter and year-over-year incrementals were 43% after the dampening effect of the CAM acquisition. Pre-cash flow in the quarter was $562 million after capital expenditure of $147 million, which was a quarterly record. A strong cash flow supported by share buybacks of $500 million. And in addition, gross debt was reduced by $60 million in the quarter. And we ended with approximately 1.3 times net debt to EBITDA. We have repurchased $1.1 billion of shares to date, which is $400 million more than the total repurchases in 2025. I would like to note that our dilated share count fell to just below 400 million outstanding shares and 399.5 million at the end of Q3. Over the last eight years, the share count has been reduced by in excess of 100 million shares. Earnings per share over $1.46, a 54% increase year over year. And this sets us up well to achieve the remainder of our 2026 objectives. Good progress was made on several fronts. with new business being booked in line with our outlook expectations in commercial aerospace, defence aerospace and industrial gas turbines. Of particular note in the quarter was the 45% gas turbine revenue growth which demonstrates both the extraordinary addition to output and even more importantly the increased market share. Further commentary will be provided during the Outlook section of the call. I'll now turn the call over to Patrick, who will provide further commentary on end market growth and segment performance.