JELD-WEN Holding, Inc.

Ladies and gentlemen, thank you for standing by. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to the GELD-WEN Second Quarter 2026 Earnings Conference Call. I'd like to remind everyone that this call is being recorded and that all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one in your telephone keypad to raise your hand and enter the queue. If you would like to withdraw your question, press the star one again. Thank you. I would now like to turn the call over to James Armstrong, Vice President of Investor Relations. Please go ahead.

Thank you and good morning. We issued our second quarter 2026 earnings release last night and posted a slide presentation to the investor relations portion of our website, which can be found at investors.jeldwen.com. We will be referencing this presentation during our call. Today, I'm joined by Bill Christensen, Chief Executive Officer, and Samantha Stoddard, Chief Financial Officer. Before I turn it over to Bill, I would like to remind everyone that during this call, we will make certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties, including those set forth in our earnings release and provided in our Forms 10-K and 10-Q filed with the SEC. GELD-WEN does not undertake any duty to update forward-looking statements, including the guidance we are providing with respect to certain expectations for future results. Additionally, during today's call, we will discuss non-GAAP measures which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of these non-GAAP measures to their most directly comparable financial measures calculated under GAAP can be found in our earnings release and in the appendix to our earnings presentation. With that, I would like to now turn the call over to Bill.

Thank you, James, and good morning, everyone. Before turning to our results, I want to begin by recognizing our associates at GELDWEN. The second quarter progress would not have been possible without their commitment, focus, and hard work. Our teams have continued to execute in a challenging environment, improve how we operate, and provide our customers with a more dependable and consistent service experience. I want to thank everyone across the organization for the role they played in delivering these results. I would also like to welcome Christian Michel, who joined GELD-WEN in June as Executive Vice President and President of Europe. Christian brings more than 25 years of international leadership experience across manufacturing and industrial businesses. His experience in operational improvement and business transformation will be valuable as we continue to strengthen and further optimize our European business. Turning to the business, the macro environment in the second quarter was in line with our expectations. We experienced the anticipated seasonal increase in activity as we moved out of the first quarter. Overall market volumes remain soft, but the pace of the year-over-year decline is beginning to moderate. Against that backdrop, we delivered results that were consistent with our expectations and continued to make progress on the priorities we outlined at the beginning of the year. As shown on slide four, Second quarter sales were $818 million. We continue to balance our labor and cost structure with current demand levels while maintaining the resources necessary to provide customers with the service they expect. Our on-time, in-full performance declined modestly in June and remained in the high 80% range in July due to temporary disruptions. Those issues have largely subsided and we are already seeing OTIF recover toward 90% and above. Importantly, our customers remain satisfied with our service and sustaining consistent performance remains a key priority across the organization. Adjusted EBITDA was $42 million for the quarter, up from the prior year. Importantly, This was the first quarter in 10 quarters in which adjusted EBITDA increased year over year. Adjusted EBITDA margin improved to 5.2% compared to 4.7% last year, an increase of 50 basis points despite the continued pressure from lower market volumes. These results demonstrate the progress we are making through improved execution, productivity, and disciplined cost management. Free cash flow with a $28 million use of cash during the quarter. We continue to tightly manage capital expenditures and remain disciplined in how we deploy cash across the business. As we move into the second half of this year, we expect the seasonal working capital cycle and improved earnings performance to support improved cash generation. Looking ahead, expect continued focus on what we can control as we remain concentrated on managing costs. At the same time, we continue to prioritize service and execution for our customers. Our improved performance is helping us compete for and win back business that we had previously lost and we are beginning to see those efforts translate into improved commercial results. As a result, We still expect sales performance to be modestly better than the midpoint of our previous guidance. We also continue to face significant price-cost headwinds driven primarily by freight, including the impact of freight on material costs. We are managing through these pressures and expect to continue working constructively with our customers as these cost pressures persist. Despite these headwinds, Our cost actions and improved operating performance support an increase of our EBITDA guidance midpoint. Before I turn it over to Samantha, I want to briefly address both our balance sheet and portfolio priorities. We continue to actively evaluate options to address our near-term debt maturities, working closely with our advisors, including potential refinancing alternatives. Our objective is to preserve liquidity, maintain financial flexibility, and provide the company with sufficient time to continue improving performance as market conditions stabilize. We also continue to make progress on the strategic review of our European business. The process remains ongoing, and we are carefully evaluating the available alternatives with a focus on long-term shareholder value. We have nothing further to announce at this time. With that, I will hand it over to Samantha to review our financial results in greater detail.